The Swasey Fund for Relief of Publ… - 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

1979

Legal Domicile

Principal Officer

Mark Littlefield

Phone

9784628389

Tax Period

2024-05-01 to 2025-04-30

The Swasey Fund for Relief of Public School Teachers of Newburyport Inc, founded in 1979, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 621% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 83% operating margin.

Mission

Provide financial assistance to teachers in the Newburyport, MA public school system.

Program Service Accomplishments

Program 1

Expenses: $200,000 Revenue: $0

To fund workshops for teachers currently working in the Newburyport, MA public school system.

Program 2

Expenses: $147,877 Revenue: $0

To provide financial assistance to retired teachers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,564,323

Other Revenue $0

TOTAL REVENUE $2,564,323

Expense Breakdown

Grants Paid $347,877

Salaries & Benefits $26,000

Fundraising Expenses $0

Program Expenses $347,877

Other Expenses $51,471

TOTAL EXPENSES $425,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,564,323	$355,630	+6.2%
Expenses	$425,348	$404,838	+0.1%
Net Income	$2,138,975	$-49,208	-44.5%

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

$14,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Marshall	Director	2.00	Director	$4,000	$0	$4,000
Thomas Bean	Director	2.00	Director	$4,000	$0	$4,000
Joan Sheehan	Director	2.00	Director	$4,000	$0	$4,000
Nonie Olson	President	4.00	Officer	$4,000	$0	$4,000
Renee Ames	Clerk	4.00	Officer	$4,000	$0	$4,000
Mark Littlefield	Treasurer	4.00	Officer	$6,000	$0	$6,000

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	$2,564,323	$425,348	$10,569,834	$2,138,975
2024	$355,630	$404,838	$10,246,340	$-49,208
2023	$292,879	$423,273	$9,600,195	$-130,394
2022	$570,843	$363,443	$9,601,857	$207,400
2021	$414,163	$336,952	$9,638,547	$77,211
2020	$578,656	$347,647	$7,806,870	$231,009
2019	$390,564	$330,676	$8,075,002	$59,888

The Swasey Fund for Relief of Public School Teachers of Newburyport Inc