WILKES-BARRE AREA EDUCATION ASSOCIATION (EIN 232286997) - 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

1989

Legal Domicile

Principal Officer

DR MICHAEL KOMOREK

Phone

5708295534

Tax Period

2024-09-01 to 2025-08-31

WILKES-BARRE AREA EDUCATION ASSOCIATION, founded in 1989, is a micro nonprofit that reported $54K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $63K exceeded revenue, resulting in a 17% operating deficit.

Mission

LABOR ORGANIZATION FOCUSED ON TEACHING AND SOUND EDUCATIONAL PROGRAMS.

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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 $43,605

Investment Income $9,944

Other Revenue $0

TOTAL REVENUE $53,549

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $2,500

Fundraising Expenses $0

Other Expenses $46,245

TOTAL EXPENSES $62,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,549	$60,381	-0.1%
Expenses	$62,745	$53,853	+0.2%
Net Income	$-9,196	$6,528	-2.4%

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

$2,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL KOMOREK	PRESIDENT	20.00	Officer	$500	$0	$500
ANNIE ROOD	1ST VICE PRESIDENT	15.00	Officer	$500	$0	$500
KEVIN SICKLE	2ND VICE PRESIDENT	10.00	Officer	$500	$0	$500
MOLLY NEY	SECRETARY	5.00	Officer	$500	$0	$500
MICHAEL WARD	TREASURER	5.00	Officer	$500	$0	$500
DAVID MEEHAN	MEMBER DIRECTOR	1.00	Officer	$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
2025	$53,549	$62,745	$236,134	$-9,196
2024	$60,381	$53,853	$245,330	$6,528
2023	$49,369	$49,541	$238,802	$-172
2022	$37,930	$48,997	$238,974	$-11,067
2021	$46,983	$40,056	$250,041	$6,927
2020	$53,576	$41,557	$243,114	$12,019
2019	$48,431	$74,224	$231,095	$-25,793
2018	$61,873	$56,231	$256,888	$5,642

WILKES-BARRE AREA EDUCATION ASSOCIATION