Clinton Public Schools Scholarship Enrichment Foundation Inc

EIN: 043352094 501(c)(3) Education

Clinton, MA

Total Revenue
$93,835
Total Expenses
$85,352
Total Assets
$863,717
Net Assets
$863,717
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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
2001
Legal Domicile
MA
Principal Officer
Daniel A Notaro
Phone
9783654587
Tax Period
2023-01-01 to 2023-12-31

Clinton Public Schools Scholarship Enrichment Foundation Inc, founded in 2001, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2023. Expenses of $85K left a modest 9% surplus.

Mission

Receive, admin and distribute funds for scholarships, educational, and charitable purposes to be used to develop, support and assist programs which benefit the students of the Clinton Public School District.

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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 (2023)

Revenue Breakdown

Contributions & Grants $63,720
Program Service Revenue $0
Investment Income $30,115
Other Revenue $0
TOTAL REVENUE $93,835

Expense Breakdown

Grants Paid $73,430
Salaries & Benefits $2,000
Fundraising Expenses $0
Program Expenses $73,430
Other Expenses $9,922
TOTAL EXPENSES $85,352

Year-over-Year Comparison

2023 2022 Change
Revenue $93,835 $-22,818 -5.1%
Expenses $85,352 $80,996 +0.1%
Net Income $8,483 $-103,814 -1.1%
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
8
Independent Members
8
Employees
N/A
Volunteers
10

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
4
$2,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Notaro President 2.00
Officer
$0 $0 $0
Mary Pat Garrity Treasurer (RET) 2.00
Officer
$900 $0 $900
Mary Pat Schmidt Secretary 2.00
Officer
$500 $0 $500
Robert Farragher Director 2.00
Director
$0 $0 $0
William O'Neil Director 2.00
Director
$0 $0 $0
Steven Meyer Director 2.00
Director
$0 $0 $0
Scott Czermack Director 2.00
Director
$0 $0 $0
Daniel Notaro Director 2.00
Director
$0 $0 $0
Mary Pat Garrity Director 2.00
Director
$0 $0 $0
Mary Pat Schmidt Director 2.00
Director
$0 $0 $0
Kelly Parker Treasurer 2.00
Officer
$600 $0 $600
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 $93,835 $85,352 $863,717 $8,483
2022 $-22,818 $80,996 $855,234 $-103,814
2021 $139,015 $77,138 $959,048 $61,877
2020 $64,859 $79,530 $897,171 $-14,671
2019 $634,961 $95,268 $911,842 $539,693
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