SCHOOL DISTRICT OF ALGOMA TRUST AC… - 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

2005

Legal Domicile

Principal Officer

JESSE BRINKMANN

Phone

9204877001

Tax Period

2024-07-01 to 2025-06-30

SCHOOL DISTRICT OF ALGOMA TRUST ACCOUNT, founded in 2005, is a micro nonprofit in the Mutual Benefit sector that reported $79K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 51% operating margin.

Mission

PROVIDE HEALTH AND DENTAL BENEFITS TO RETIREES.

Program Service Accomplishments

Program 1

HEALTH AND DENTAL BENEFITS PAID FOR RETIREES OF THE SCHOOL DISTRICT OF ALGOMA FOR YEAR ENDED JUNE 30, 2025.

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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 $3,102

Investment Income $75,515

Other Revenue $0

TOTAL REVENUE $78,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,317

TOTAL EXPENSES $38,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,617	$64,625	+0.2%
Expenses	$38,478	$41,119	-0.1%
Net Income	$40,139	$23,506	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$3,317	$0	$3,317

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	$78,617	$38,478	$1,145,433	$40,139
2024	$64,625	$41,119	$1,105,294	$23,506
2023	$38,604	$57,554	$1,081,788	$-18,950
2022	$-114,137	$87,217	$1,100,738	$-201,354
2021	$100,558	$87,423	$1,302,092	$13,135
2020	$102,125	$118,970	$1,288,957	$-16,845
2019	$99,274	$114,102	$1,305,802	$-14,828
2018	$50,069	$126,182	$1,262,862	$-76,113

SCHOOL DISTRICT OF ALGOMA TRUST ACCOUNT