RSU #1 EDUCATION FOUNDATION

EIN: 273987602 501(c)(3) Education

BATH, ME

Total Revenue
$27,226
Total Expenses
$26,813
Total Assets
$60,006
Net Assets
$60,006
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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
ME
Principal Officer
WILLIAM T RACINE
Phone
2074435716
Tax Period
2024-07-01 to 2025-06-30

RSU #1 EDUCATION FOUNDATION, founded in 2009, is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum. Net assets of $60K represent 26 months of operating reserves.

Mission

TO ENHANCE THE EDUCATIONAL MISSION OF MAINE RSU #1

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,852
Program Service Revenue $0
Investment Income $2,374
Other Revenue $0
TOTAL REVENUE $27,226

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,754
Other Expenses $26,813
TOTAL EXPENSES $26,813

Year-over-Year Comparison

2024 2023 Change
Revenue $27,226 $12,723 +1.1%
Expenses $26,813 $20,320 +0.3%
Net Income $413 $-7,597 -1.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM RACINE PRESIDENT 1.00
Officer Director
$0 $0 $0
LOUIS ENSEL TRUSTEE 1.00
Director
$0 $0 $0
KARA ZECH THELAN TRUSTEE 1.00
Director
$0 $0 $0
LORNA RYAN TRUSTEE 1.00
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
2025 $27,226 $26,813 $60,006 $413
2024 $12,723 $20,320 $59,593 $-7,597
2023 $45,717 $44,687 $67,190 $1,030
2022 $23,729 $19,394 $66,160 $4,335
2021 $158,404 $158,155 $61,825 $249
2020 $117,012 $723,616 $61,576 $-606,604
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