KENNETT EDUCATION FOUNDATION INC (EIN 233070339) - 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

2001

Legal Domicile

Principal Officer

SUSAN GAUGHAN

Phone

3028935573

Tax Period

2024-01-01 to 2024-12-31

KENNETT EDUCATION FOUNDATION INC, founded in 2001, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Net assets of $1.2M represent 69 months of operating reserves.

Mission

THE KENNETT EDUCATION FOUNDATION HAS PARTNERED WITH THE KENNETT CONSOLIDATED SCHOOL DISTRICT TO ENHANCE KINDERGARTEN THROUGH TWELFTH GRADE EDUCATIONAL EXPERIENCE IN THE KENNETT CONSOLIDATED SCHOOL DISTRICT; PROVIDE SUPPORT FOR CONTINUING HIGHER EDUCATION THROUGH SCHOLARSHIPS AND PROGRAMS; AND TO PROMOTE AND REWARD EXCELLENCE, CREATIVITY AND IMAGINATION FOR TEACHERS, ENCOURAGE INNOVATIVE IDEAS, INVEST IN PROGRAMS THAT IMPROVE ACADEMIC PROGRESS, PROMOTE FAMILY INVOLVEMENT AND RECOGNIZE THE OUTSTANDING ACHIEVEMENTS OF EDUCATORS.

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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 $118,726

Program Service Revenue $0

Investment Income $41,048

Other Revenue $46,271

TOTAL REVENUE $206,045

Expense Breakdown

Grants Paid $173,887

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,887

Other Expenses $46,626

TOTAL EXPENSES $220,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,045	$246,198	-0.2%
Expenses	$220,513	$220,883	0.0%
Net Income	$-14,468	$25,315	-1.6%

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

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
ANN SCHLITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
HEATHER CONNOLLY	PRESIDENT	6.00	Officer Director	$0	$0	$0
NIKI HARVEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL CARI	TREASURER	6.00	Officer Director	$0	$0	$0
KENDRA LACOSTA	SECRETARY	6.00	Officer Director	$0	$0	$0
NEIL ERICKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBIE DECARLO	BOARD MEMBER	2.00	Director	$0	$0	$0
CLAIRE FINFROCK	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN GAUGHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
PAULA PIERCY	BOARD MEMBER	2.00	Director	$0	$0	$0
CYBIL HOUSH	BOARD MEMBER	2.00	Director	$0	$0	$0
BROOKE VAIL	BOARD MEMBER	2.00	Director	$0	$0	$0
CORINA BACON	BOARD MEMBER	2.00	Director	$0	$0	$0
BARRY RITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIN BERNBERG	2ND VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
LISA GATELY	BOARD MEMBER	2.00	Director	$0	$0	$0
GRACE JENNINGS	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY FIGUEROA	BOARD MEMBER	2.00	Director	$0	$0	$0
BETSY STERLING	BOARD MEMBER	2.00	Director	$0	$0	$0
GEMMA ERICKSON	BOARD MEMBER	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	$206,045	$220,513	$1,180,075	$-14,468
2023	$246,198	$220,883	$1,130,344	$25,315
2022	$181,384	$173,397	$1,003,640	$7,987
2021	$295,370	$188,702	$1,142,632	$106,668
2020	$200,346	$128,603	$1,098,162	$71,743
2019	$218,723	$136,341	$959,939	$82,382
2018	$183,965	$95,005	$821,735	$88,960

KENNETT EDUCATION FOUNDATION INC