PORTAGE COMMUNITY SCHOOL DISTRICT … - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

PETER HIBNER

Phone

6087424879

Tax Period

2025-01-01 to 2025-12-31

PORTAGE COMMUNITY SCHOOL DISTRICT NO 1 TRUST, founded in 1998, is a micro nonprofit that reported $37K in total revenue in fiscal year 2025. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROVIDE GRANTS AND FUNDS TO STUDENTS, SCHOOLS, AND PUBLIC FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $53,050

TO PROVIDE GRANTS TO ELIGIBLE STUDENTS AND TO PROVIDE FUNDS FOR BUILDING AND FACILITIES SERVICING THE LOCAL SCHOOLS AND GENERAL PUBLIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,044

Program Service Revenue $0

Investment Income $30,142

Other Revenue $0

TOTAL REVENUE $37,186

Expense Breakdown

Grants Paid $53,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,050

Other Expenses $0

TOTAL EXPENSES $53,050

Year-over-Year Comparison

	2025	2024	Change
Revenue	$37,186	$49,325	-0.2%
Expenses	$53,050	$71,550	-0.3%
Net Income	$-15,864	$-22,225	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY BEHNKE	BOARD MEMBER	1.25	Director	$0	$0	$0
NICKY CROSS	BOARD CLERK	1.25	Director	$0	$0	$0
MARK FAHEY	BOARD VICE P	1.25	Director	$0	$0	$0
DAN GARRIGAN	TREASURER	1.25	Director	$0	$0	$0
MICHAEL SEEFELD	BOARD MEMBER	1.25	Director	$0	$0	$0
CONNIE SHLIMOVITZ	BOARD PRESID	1.25	Director	$0	$0	$0
ELLEN STEVENSON	BOARD MEMBER	1.25	Director	$0	$0	$0
PETER HIBNER	ASST.DISTRIC	1.00	Officer	$0	$0	$0
STEPHANIE KOHL	ADVISOR	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	$37,186	$53,050	$1,176,901	$-15,864
2024	$49,325	$71,550	$1,192,765	$-22,225
2023	$57,263	$47,460	$1,214,990	$9,803
2022	$23,157	$41,450	$1,205,187	$-18,293
2021	$23,172	$26,068	$1,223,480	$-2,896
2020	$176,607	$28,200	$1,226,376	$148,407
2019	$36,509	$19,700	$1,077,969	$16,809
2018	$41,793	$50,456	$1,061,160	$-8,663

PORTAGE COMMUNITY SCHOOL DISTRICT NO 1 TRUST