SCHOOLCRAFT COLLEGE FOUNDATION (EIN 237013727) - 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

1966

Legal Domicile

Principal Officer

DAWN MAGRETTA

Phone

7344624455

Tax Period

2024-07-01 to 2025-06-30

SCHOOLCRAFT COLLEGE FOUNDATION, founded in 1966, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 32% operating margin.

Mission

TO SUPPORT THE PROGRAMS, PURPOSES AND INITIATIVES OF SCHOOLCRAFT COLLEGE.

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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 $2,336,286

Program Service Revenue $0

Investment Income $855,773

Other Revenue $289,020

TOTAL REVENUE $3,481,079

Expense Breakdown

Grants Paid $1,924,021

Salaries & Benefits $0

Fundraising Expenses $103,010

Program Expenses $1,924,021

Other Expenses $426,687

TOTAL EXPENSES $2,350,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,481,079	$2,680,513	+0.3%
Expenses	$2,350,708	$1,650,773	+0.4%
Net Income	$1,130,371	$1,029,740	+0.1%

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

$189,308

Total Directors

$823,290

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN CERNY	EX-OFFICIO	1.00	Director	$0	$192,627	$633,982
DAWN MAGRETTA	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$49,191	$189,308
LOIS MCENTYRE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
LYNN COBURN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBIN WHITFIELD	TREASURER	1.00	Officer Director	$0	$0	$0
CLYDE RIVARD	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN PAULSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARINA SHOEMEKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WALSH	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GROTH	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN MCGRATH	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEC THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN BRODERICK	EX-OFFICIO	1.00	Director	$0	$0	$0
RAM RAMANUJAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK KNOTH	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE DUQUESNEL	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY KEATON-WILLIAMS	BOARD MEMBER	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
2025	$3,481,079	$2,350,708	$24,780,507	$1,130,371
2024	$2,680,513	$1,650,773	$21,620,763	$1,029,740
2023	$2,921,805	$2,984,481	$18,961,454	$-62,676
2022	$1,978,727	$744,740	$18,141,439	$1,233,987
2021	$1,132,448	$935,886	$20,494,056	$196,562
2020	$1,302,004	$1,083,787	$15,029,207	$218,217
2019	$1,583,617	$848,440	$15,563,734	$735,177
2018	$1,604,762	$877,795	$14,992,197	$726,967

SCHOOLCRAFT COLLEGE FOUNDATION