THE RAY SCHOOL CORPORATION (EIN 237073970) - 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

1941

Legal Domicile

Principal Officer

ANNE COMER

Phone

8609752479

Tax Period

2024-07-01 to 2025-06-30

THE RAY SCHOOL CORPORATION, founded in 1941, is a small nonprofit that reported $371K in total revenue in fiscal year 2024. Net assets of $13.9M represent 449 months of operating reserves.

Mission

SUPPORT OF EDUCATIONAL PROGRAMS IN THE TOWN OF EAST HADDAM

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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 $0

Investment Income $370,557

Other Revenue $0

TOTAL REVENUE $370,557

Expense Breakdown

Grants Paid $340,572

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $340,572

Other Expenses $21,630

TOTAL EXPENSES $362,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,557	$376,573	0.0%
Expenses	$362,202	$339,351	+0.1%
Net Income	$8,355	$37,222	-0.8%

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
ERIN HEISE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNE COMER	TREASURER	1.00	Officer Director	$0	$0	$0
FERN TREMBLAY	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM CAHILL	VICE PRESIDENT	1.00	Officer 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	$370,557	$362,202	$13,875,982	$8,355
2024	$376,573	$339,351	$12,749,335	$37,222
2023	$346,941	$355,057	$11,652,181	$-8,116
2023	$44,170	$355,057	$11,652,181	$-310,887
2022	$39,735	$361,266	$10,821,432	$-321,531
2021	$43,731	$325,409	$13,322,954	$-281,678
2020	$37,641	$314,691	$10,606,764	$-277,050
2019	$28,052	$314,699	$10,528,220	$-286,647

THE RAY SCHOOL CORPORATION