SOLON EDUCATION ASSOCIATION (EIN 237084943) - 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

1982

Legal Domicile

Principal Officer

ROBERT F RIVERA

Phone

4403497757

Tax Period

2024-07-01 to 2025-06-30

SOLON EDUCATION ASSOCIATION, founded in 1982, is a small nonprofit in the Employment sector that reported $138K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 23% operating margin.

Mission

A TEACHER'S UNION REPRESENTING THE TEACHERS OF THE SOLON, OHIO SCHOOL DISTRICT FORMED TO ADVANCE THE QUALITY OF EDUCATION PROVIDED TO STUDENTS AND THE TEACHING METHODS UTILIZED BY ITS MEMBERS; TO NEGOTIATE AND COLLECTIVELY BARGAIN EMPLOYMENT CONTRACTS, AND TO AWARD A COLLEGE SCHOLARSHIP ANNUALLY TO GRADUATING HIGH SCHOOL SENIORS WHO ASPIRE TO BECOME A TEACHER.

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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 $88,726

Investment Income $48,929

Other Revenue $0

TOTAL REVENUE $137,655

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $47,866

Fundraising Expenses $0

Other Expenses $54,812

TOTAL EXPENSES $106,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,655	$85,198	+0.6%
Expenses	$106,678	$78,285	+0.4%
Net Income	$30,977	$6,913	+3.5%

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

N/A

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

$30,160

Total Directors

$32,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT F RIVERA	PRESIDENT	1.00	Officer Director	$12,200	$0	$12,200
MELISSA DUNS	VICE PRESIDENT FOR PK-6	1.00	Officer Director	$4,700	$0	$4,700
E RUSSELL CARNES	VICE PRESIDENT FOR 7-12	1.00	Officer Director	$4,700	$0	$4,700
TANYA PEREZ	TREASURER	1.00	Officer Director	$4,000	$0	$4,000
SUZANNE ROHRER	RECORDING SECRETARY	1.00	Officer Director	$2,320	$0	$2,320
ASHLEY FROUNFELKER	CORRESPONDING SECRETARY	1.00	Officer Director	$2,240	$0	$2,240
STEPHANIE BETTINGER	TRUSTEE	1.00	Director	$430	$0	$430
MARY ANN LINEK	TRUSTEE	1.00	Director	$470	$0	$470
JENNIFER THOMPSON	TRUSTEE	1.00	Director	$1,070	$0	$1,070

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	$137,655	$106,678	$830,615	$30,977
2024	$85,198	$78,285	$772,138	$6,913
2023	$108,619	$76,656	$686,091	$31,963
2022	$121,659	$88,192	$656,297	$33,467
2021	$89,419	$90,884	$703,729	$-1,465
2020	$93,370	$63,608	$623,404	$29,762
2019	$88,634	$58,295	$616,457	$30,339
2018	$84,144	$68,677	$564,929	$15,467

SOLON EDUCATION ASSOCIATION