WARREN SCHOOLS FOUNDATION INC

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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

2009

Legal Domicile

Principal Officer

RICHARD ROPER

Phone

8702262681

Tax Period

2022-01-01 to 2022-12-31

WARREN SCHOOLS FOUNDATION INC, founded in 2009, is a micro nonprofit in the Education sector that reported $41K in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $38K, a strong 93% operating margin.

Mission

TO PROVIDE AND ASSIST WITH THE CHARITABLE, EXTRACURRICULAR AND EDUCATIONAL PURPOSES OF THE WARREN PUBLIC SCHOOL DISTRICT IN ORDER TO A) ADVANCE EDUCATION IN WARREN WITH EMPHASIS ON SPECIAL PROJECTS NOT FUNDED BY THE DISTRICT'S REGULAR BUDGET; B)DEVELOP WAYS OF EXPANDING PUBLIC AWARENESS OF THE DISTRICT'S NEEDS; AND C)SOLICIT CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF SPECIAL PROJECTS IN SUPPORT OF EDUCATION IN THE DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $3,000 Revenue: $41,236

ASSISTED THE WARREN PUBLIC SCHOOL DISTRICT WITH FACILITY IMPROVEMENTS AND OTHER SUPPORT FOR THE WARREN PUBLIC SCHOOLS ATHLETIC PROGRAM

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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 (2022)

Revenue Breakdown

Contributions & Grants $41,236

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $41,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,000

Other Expenses $3,000

TOTAL EXPENSES $3,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$41,236	$51,200	-0.2%
Expenses	$3,000	$60,000	-1.0%
Net Income	$38,236	$-8,800	-5.3%

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
JOEL TOLEFREE	BOARD MEMBER	0.10	Director	$0	$0	$0
GLORIA BUTLER	BOARD MEMBER	0.10	Director	$0	$0	$0
SCOTT RICHARDSON	PRESIDENT	0.10	Officer Director	$0	$0	$0
FREDDIE MOBLEY	BOARD MEMBER	0.10	Director	$0	$0	$0
THOMAS FRAZER	BOARD MEMBER	0.10	Director	$0	$0	$0
RICHARD L ROPER	BOARD MEMBER	0.10	Director	$0	$0	$0
KERRY PENNINGTON	SECRETARY	0.10	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
2022	$41,236	$3,000	$104,105	$38,236
2021	$51,200	$60,000	$65,869	$-8,800
2020	$38,283	$60,000	$74,669	$-21,717
2019	$48,092	$60,000	$96,386	$-11,908
2018	$59,951	$66,373	$108,294	$-6,422