THE EDUCATIONAL FOUNDATION FOR ROC… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

JAMES GUTSTADT

Phone

9785461250

Tax Period

2023-01-01 to 2023-12-31

THE EDUCATIONAL FOUNDATION FOR ROCKPORT INC, founded in 1997, is a micro nonprofit in the Education sector that reported $83K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Net assets of $850K represent 123 months of operating reserves.

Mission

SUPPORT OF LOCAL PUBLIC SCHOOL PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $78,585

PROVIDED SCHOLARSHIPS TO GRADUATING STUDENTS AND FINANCIAL ASSISTANCE TO SPECIFIC ROCKPORT PUBLIC SCHOOL PROGRAMS NOT FUNDED THROUGH THE MUNICIPAL BUDGET

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $35,094

Program Service Revenue $22,285

Investment Income $25,606

Other Revenue $0

TOTAL REVENUE $82,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,585

Other Expenses $86,210

TOTAL EXPENSES $86,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,985	$55,843	+0.5%
Expenses	$86,210	$50,543	+0.7%
Net Income	$-3,225	$5,300	-1.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN BATTISTELLI	PRESIDENT	N/A	Officer	$0	$0	$0
MOLLY WHELSKY	VP	N/A	Officer	$0	$0	$0
JAMES GUTSTADT	TREASURER	N/A	Officer	$0	$0	$0
JAMY MADEJA	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM WALLER	DIRECTOR	N/A	Director	$0	$0	$0
LANA RAZDAN	DIRECTOR	N/A	Director	$0	$0	$0
GAIL MCCARTHY	DIRECTOR	N/A	Director	$0	$0	$0
GEOFFREY JUVILER	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN RUSSO	DIRECTOR	N/A	Director	$0	$0	$0
JILLIAN BOUCHIE	DIRECTOR	N/A	Director	$0	$0	$0
JILLIAN HERMANCE	DIRECTOR	N/A	Director	$0	$0	$0
HEATHER HERLIHY	DIRECTOR	N/A	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$82,985	$86,210	$850,114	$-3,225
2022	$55,843	$50,543	$734,930	$5,300
2021	$72,796	$29,117	$898,148	$43,679
2020	$69,559	$30,389	$745,862	$39,170
2019	$80,046	$35,690	$620,170	$44,356

THE EDUCATIONAL FOUNDATION FOR ROCKPORT INC