TROY AREA SCHOOL DISTRICT FOUNDATIO (EIN 251845688) - 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

1999

Legal Domicile

Principal Officer

EVAN WILLIAMS JR

Tax Period

2023-07-01 to 2024-06-30

TROY AREA SCHOOL DISTRICT FOUNDATIO, founded in 1999, is a small nonprofit in the Education sector that reported $283K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 65% operating margin.

Mission

THE GOAL OF THE TROY AREA SCHOOL DISTRICT FOUNDATION IS TO FILL SPECIFIC EXTRA-CURRICULAR AND SUPPLEMENTAL NEEDS THAT IMPROVE THE QUALITY OF EDUCATION IN THE TROY AREA SCHOOL DISTRICT AND TO PROVIDE SCHOLARSHIPS TO HELP ASSURE THE FUTURE SUCCESS OF STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $78,371

Program Service Revenue $32,795

Investment Income $172,253

Other Revenue $0

TOTAL REVENUE $283,419

Expense Breakdown

Grants Paid $70,071

Salaries & Benefits $0

Fundraising Expenses $14,441

Program Expenses $70,071

Other Expenses $30,445

TOTAL EXPENSES $100,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,419	$220,446	+0.3%
Expenses	$100,516	$100,949	0.0%
Net Income	$182,903	$119,497	+0.5%

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

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
WILLIAM BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ROY CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY GATES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HERRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
GYLA HOOSE	DIRECTOR	2.00	Director	$0	$0	$0
EVAN WILLIAMS III	DIRECTOR	2.00	Director	$0	$0	$0
CAROL LANE	PRESIDENT	2.00	Director	$0	$0	$0
JERRY MAY	DIRECTOR	1.00	Director	$0	$0	$0
JIM MORSE	DIRECTOR	1.00	Director	$0	$0	$0
HARLAN PRESS	DIRECTOR	1.00	Director	$0	$0	$0
LORI ROBSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHUCKER	DIRECTOR	1.00	Director	$0	$0	$0
BETSY SEELEY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WARNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WILE	DIRECTOR	1.00	Director	$0	$0	$0
EVAN WILLIAMS JR	TREASURER	2.00	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	No data	No data	No data	No data
2024	$283,419	$100,516	$1,796,753	$182,903
2023	$220,446	$100,949	$1,613,850	$119,497
2022	$190,406	$103,864	$1,494,353	$86,542
2021	$206,539	$85,746	$1,695,473	$120,793
2020	$115,292	$104,059	$1,376,151	$11,233
2019	$177,948	$114,146	$1,378,473	$63,802

TROY AREA SCHOOL DISTRICT FOUNDATIO