CHESHIRE EDUCATION FOUNDATION INC (EIN 061442308) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

DEREK GROMKO

Phone

2032502400

Tax Period

2023-01-01 to 2023-12-31

CHESHIRE EDUCATION FOUNDATION INC, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $12K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $54K exceeded revenue, resulting in a 338% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO SUPPLEMENT AND ENHANCE PUBLIC EDUCATION IN CHESHIRE CONNECTICUT.

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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 $9,691

Program Service Revenue $0

Investment Income $0

Other Revenue $2,634

TOTAL REVENUE $12,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,595

Other Expenses $53,951

TOTAL EXPENSES $53,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,325	$22,697	-0.5%
Expenses	$53,951	$49,429	+0.1%
Net Income	$-41,626	$-26,732	+0.6%

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
DEREK GROMKO	CHAIRMAN	5.00	Officer Director	$0	$0	$0
TOM MARTIN	TREASURER	5.00	Director	$0	$0	$0
HEATHER FITZGERALD	SECRETARY	3.00	Director	$0	$0	$0
DENNIS DENINGER	DIRECTOR	2.00	Director	$0	$0	$0
BARRY FELDMAN	DIRECTOR	2.00	Director	$0	$0	$0
LUCY KAMPF	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD LAU	DIRECTOR	2.00	Director	$0	$0	$0
JANE LEUKART	DIRECTOR	2.00	Director	$0	$0	$0
ERIC DOBLER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN PAUL	DIRECTOR	2.00	Director	$0	$0	$0
MATT COLEHOUR	DIRECTOR	2.00	Director	$0	$0	$0
STEVE TRIFONE	DIRECTOR	2.00	Director	$0	$0	$0
BIRAN CARR	DIRECTOR	2.00	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	$12,325	$53,951	$1,347,951	$-41,626
2022	$22,697	$49,429	$1,208,942	$-26,732
2021	$21,144	$48,863	$1,464,031	$-27,719
2020	$386,645	$61,877	$1,319,873	$324,768
2019	$46,200	$31,895	$874,897	$14,305
2018	$262,903	$33,761	$735,606	$229,142

CHESHIRE EDUCATION FOUNDATION INC