Keene Endowment Association

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

Daniel Kurowski

Phone

6033582372

Tax Period

2023-07-01 to 2024-06-30

Keene Endowment Association, founded in 1957, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $381K, a strong 30% operating margin.

Mission

Keene Endowment Association (KEA) helps donors to provide scholarships for Keene State College (KSC) students and resources to enhance their education. The KEA Board also helps to give donors the assurance that their philanthropy will make a difference for KSC students in perpetuity.

Program Service Accomplishments

Program 1

Expenses: $777,437

The KEA provides scholarships, program and faculty support, and books to Keene State College and supports the KSC Advancement Department in the areas of fundraising activities and administrative...

The KEA provides scholarships, program and faculty support, and books to Keene State College and supports the KSC Advancement Department in the areas of fundraising activities and administrative support.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $431,964

Program Service Revenue $0

Investment Income $854,198

Other Revenue $0

TOTAL REVENUE $1,286,162

Expense Breakdown

Grants Paid $777,437

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $777,437

Other Expenses $127,685

TOTAL EXPENSES $905,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,286,162	$2,703,446	-0.5%
Expenses	$905,122	$961,695	-0.1%
Net Income	$381,040	$1,741,751	-0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$7,928

Total Directors

$1,052,526

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Kurowski	President	1.00	Officer Director	$0	$0	$0
Bobby Rodrigue	Vice President	1.00	Officer Director	$0	$232	$7,928
Ray Jobin	2nd Vice President	1.00	Officer Director	$0	$0	$0
Bill Poulin	Treasurer	1.00	Officer Director	$0	$0	$0
Will Adams	Trustee	1.00	Director	$0	$0	$0
Sharon Confessore	Trustee	1.00	Director	$0	$0	$0
Barbara Elliot-DiSenso	Trustee	1.00	Director	$0	$0	$0
Wink Faulkner	Trustee	1.00	Director	$0	$0	$0
Ockle E Johnson	Trustee	1.00	Director	$0	$0	$0
Carol Jue	Trustee	1.00	Director	$0	$0	$0
Scott McPherson	Trustee	1.00	Director	$0	$0	$0
Madison Olsen	Trustee	1.00	Director	$0	$0	$0
Marty Sheil	Trustee	1.00	Director	$0	$0	$0
Paul Vincent	Trustee	1.00	Director	$0	$0	$500
Tammy Warner	Trustee	1.00	Director	$0	$0	$0
David Westover	KSC Alumni Rep to USNH Boad	1.00	Director	$0	$0	$0
Joy Johnson Wilson	Trustee	1.00	Director	$0	$0	$0
Ed Wojenski	Trustee	1.00	Director	$0	$0	$0
MaryBeth Lufkin	KSC VP Student Enrollment & Engagement	1.00	Director	$0	$31,439	$260,003
Melinda Treadwell	KSC President Executive	1.00	Director	$0	$45,782	$411,535
Nathalie Houder	KSC VP Finance & Admin	1.00	Director	$0	$20,103	$247,643
Hilary Shepard	KSC VP Advancement	1.00	Director	$0	$8,795	$94,155
Philip Racicot	Past Trustee	1.00	Director	$0	$2,888	$30,762

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$1,286,162	$905,122	$22,005,553	$381,040
2023	$2,703,446	$961,695	$19,709,344	$1,741,751
2022	$3,071,802	$741,673	$16,865,844	$2,330,129
2021	$1,464,084	$539,001	$12,021,054	$925,083