SAINT BASIL ACADEMY TRUST (EIN 276582209) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

FRANK B HANCOCK

Phone

5403449246

Tax Period

2023-01-01 to 2023-12-31

SAINT BASIL ACADEMY TRUST is a small nonprofit that reported $218K in total revenue in fiscal year 2018. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $366K exceeded revenue, resulting in a 68% operating deficit.

Mission

THE PRINCIPAL PURPOSE OF THE SAINT BASIL ACADEMY TRUST IS TO MAKE DISTRIBUTIONS OF INCOME TO SAINT BASIL ACADEMY, AN ORTHODOX HOME SERVING CHILDREN IN NEED LOCATED AT 79 SAINT BASIL ROAD, GARRISON, NEW YORK 10524, FOR AN EXEMPT FUNCTION AS DEFINED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $368,531

Other Revenue $0

TOTAL REVENUE $368,531

Expense Breakdown

Grants Paid $315,000

Salaries & Benefits $43,268

Fundraising Expenses $0

Program Expenses $336,634

Other Expenses $100,754

TOTAL EXPENSES $459,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,531	$640,782	-0.4%
Expenses	$459,022	$346,340	+0.3%
Net Income	$-90,491	$294,442	-1.3%

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

$43,268

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK B HANCOCK	Trustee	5.00	Director	$0	$43,268	$43,268

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
2024	No data	No data	No data	No data
2023	$368,531	$459,022	$7,921,031	$-90,491
2022	$640,782	$346,340	$7,926,790	$294,442
2021	$701,461	$386,640	$8,344,796	$314,821
2020	$123,007	$378,190	$7,238,903	$-255,183
2019	$1,867,039	$363,522	$7,773,981	$1,503,517
2018	$218,351	$366,243	$6,654,605	$-147,892

SAINT BASIL ACADEMY TRUST