AYER SHIRLEY EDUCATION FOUNDATION … - 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

2004

Legal Domicile

Principal Officer

Randall Clemence

Phone

5086121561

Tax Period

2023-07-01 to 2024-06-30

AYER SHIRLEY EDUCATION FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $482K in total revenue in fiscal year 2023. Revenue surged 1204% from the prior year, signaling strong growth momentum. The organization ran a surplus of $431K, a strong 89% operating margin.

Mission

To raise funds for the Ayer Shirley Regional School District and area pre-schools. To enrich the public school experience and a wider pre-school support system that include providing grant opportunities to private preschool programs.

Program Service Accomplishments

Program 1

Expenses: $26,991 Revenue: $0

This represents our major program accomplishment. ASEF runs a fall grant cycle that accepts grant requests from teachers and well as parents. During the fall grant cycle up to 50 grant could...

This represents our major program accomplishment. ASEF runs a fall grant cycle that accepts grant requests from teachers and well as parents. During the fall grant cycle up to 50 grant could submitted. An average would around 30 each year. Requests have run as high as $50,000. Our budget has been between $25,000 to $30,000. This is trending higher. These grants fund field trips, performances, scholarships for the field trips, speaker, plays, technologies, books, startup / seed money for innovative programs, inclusion programs, mentoring programs, etc.

Program 2

Expenses: $2,504 Revenue: $0

The impact grant is to allow school administration to present a number of larger grant requests to our board that would impact the school system the greatest. Out of that presentation the board...

The impact grant is to allow school administration to present a number of larger grant requests to our board that would impact the school system the greatest. Out of that presentation the board chooses one or more of those requests. The grant is up to $10,000.00 which is not reflected here. Several expenses were paid over the summer beyond the 23/24 fiscal year.

Program 3

Expenses: $1,000 Revenue: $0

This is a scholarship that goes to one graduating Senior. This program is being expanded and the award amounts are under review. with the intent to increase them to $2,000. The process requires the...

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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 $482,124

Program Service Revenue $0

Investment Income $48

Other Revenue $0

TOTAL REVENUE $482,172

Expense Breakdown

Grants Paid $31,724

Salaries & Benefits $0

Fundraising Expenses $17,377

Program Expenses $31,724

Other Expenses $19,128

TOTAL EXPENSES $50,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$482,172	$36,983	+12.0%
Expenses	$50,852	$51,402	0.0%
Net Income	$431,320	$-14,419	-30.9%

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

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
Andrea Taveres	Co-Chair	1.00	Officer Director	$0	$0	$0
Clifford Bailey	Treasurer	2.00	Officer Director	$0	$0	$0
Randall E Clemence	Co-Chair	1.00	Officer Director	$0	$0	$0
Ellen McCann	Director/Trustee	1.00	Director	$0	$0	$0
Sara Bullock	Secretary/Clerk	1.00	Officer Director	$0	$0	$0
Emily Deblasio	Director/Trustee	1.00	Director	$0	$0	$0
Fred Deppe	Director/ Trustee	1.00	Director	$0	$0	$0
Susan Copeland	Director/Trustee	0.00	Director	$0	$0	$0
Nina Williams	Director/Trustee	1.00	Director	$0	$0	$0
Tracy Weeks	Director/Trustee	1.00	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	$482,172	$50,852	$494,261	$431,320

AYER SHIRLEY EDUCATION FOUNDATION INC