TRUSTEES OF ELIOT SCHOOL

EIN: 042173050 501(c)(3)

JAMAICA PLAIN, MA

Total Revenue
$1,386,975
Total Expenses
$2,382,174
Total Assets
$3,052,721
Net Assets
$2,507,241
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1803
Legal Domicile
MA
Principal Officer
EDWARD FORTE
Phone
6175243313
Tax Period
2024-07-01 to 2025-06-30

TRUSTEES OF ELIOT SCHOOL, founded in 1803, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 72% operating deficit.

Mission

THE ELIOT SCHOOL IS A NON-PROFIT SCHOOL AND COMMUNITY RESOURCE THAT PROVIDES INSTRUCTION AND TRAINING IN THE FINE AND APPLIED ARTS. THE ORGANIZATION SEEKS TO ADVANCE APPRECIATION OF CRAFTSMANSHIP AND TO ENCOURAGE THE PLEASURE OF CREATIVITY AND ARTISTIC ACHIEVEMENT.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $564,068
Program Service Revenue $811,904
Investment Income $8,311
Other Revenue $2,692
TOTAL REVENUE $1,386,975

Expense Breakdown

Grants Paid $64,144
Salaries & Benefits $1,673,518
Fundraising Expenses $317,044
Program Expenses $1,594,168
Other Expenses $608,392
TOTAL EXPENSES $2,382,174

Year-over-Year Comparison

2024 2023 Change
Revenue $1,386,975 $2,275,211 -0.4%
Expenses $2,382,174 $2,168,014 +0.1%
Net Income $-995,199 $107,197 -10.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
10
Independent Members
9
Employees
78
Volunteers
24

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
5
$78,219
Total Directors
12
$360
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC WARASTA TRUSTEE (THRU APRIL 2025) 2.00
Director
$0 $0 $0
MELONY SWASEY CHAIR (THRU APRIL 2025) 2.00
Officer Director
$0 $0 $0
EDWARD FORTE CHAIR (AS OF APRIL 2025 2.00
Officer Director
$0 $0 $0
ALEX JACOBSON SECRETARY (AS OF JANUARY 2025) 2.00
Officer Director
$0 $0 $0
LING LUO TREASURER 2.00
Officer Director
$0 $0 $0
CAROLYN BRUNIS LUC TRUSTEE 2.00
Director
$0 $0 $0
JAMIE DAY TRUSTEE 2.00
Director
$0 $0 $0
ANURADHA DESAI TRUSTEE (AS OF APRIL 2025) 2.00
Director
$0 $0 $0
BETTY HERSCHMAN TRUSTEE 2.00
Director
$0 $0 $0
MARISA LUSE TRUSTEE (AS OF MARCH 2025) 2.00
Director
$0 $0 $0
FIFILE NGUYEN TRUSTEE 2.00
Director
$360 $0 $360
MEREDITH WALLACE TRUSTEE 2.00
Director
$0 $0 $0
SCOTT EVANS EXECUTIVE DIRECTOR 40.00
Officer
$66,194 $12,025 $78,219
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 $1,386,975 $2,382,174 $3,052,721 $-995,199
2024 $2,275,211 $2,168,014 $3,908,833 $107,197
2023 $1,580,836 $1,951,064 $3,558,569 $-370,228
2022 $2,005,547 $1,547,603 $3,411,558 $457,944
2021 $1,622,954 $1,143,782 $3,553,129 $479,172
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