THE EDUCATION FOUNDATION INC (EIN 311512495) - 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

1996

Legal Domicile

Principal Officer

SUSAN HANS

Phone

2168988270

Tax Period

2024-07-01 to 2025-06-30

THE EDUCATION FOUNDATION INC, founded in 1996, is a small nonprofit in the Education sector that reported $260K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 33% operating margin.

Mission

THE EDUCATION FOUNDATION IS COMMITTED TO PROVIDING EDUCATIONAL OPPORTUNITIES FOR STUDENTS SERVED BY THE BEREA CITY SCHOOL DISTRICT. DISBURSEMENTS BY THE EDUCATION FOUNDATION ARE MADE TO SCHOOLS IN THE DISTRICT FOR EDUCATIONAL PROJECT GRANTS REQUESTS SUBMITTED BY TEACHERS, STAFF, AND STUDENTS AND TO STUDENTS OF THE DISTRICT FOR COLLEGE AND OTHER SCHOLARSHIPS.

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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 $109,044

Program Service Revenue $0

Investment Income $108,206

Other Revenue $42,834

TOTAL REVENUE $260,084

Expense Breakdown

Grants Paid $120,246

Salaries & Benefits $29,782

Fundraising Expenses $14,301

Program Expenses $145,301

Other Expenses $24,831

TOTAL EXPENSES $174,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$260,084	$204,797	+0.3%
Expenses	$174,859	$139,750	+0.3%
Net Income	$85,225	$65,047	+0.3%

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

Volunteers

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

$25,938

Total Directors

$25,938

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH HASTINGS	EXECUTIVE DI	1.00	Officer Director	$25,938	$0	$25,938
CORI FARRIS	TRUSTEE	1.00	Director	$0	$0	$0
JEFF HAAS	TREASURER	3.00	Officer Director	$0	$0	$0
SUSAN HANS	CHAIR	1.00	Officer Director	$0	$0	$0
JILL HERRICK	AT-LARGE APP	1.00	Director	$0	$0	$0
IRENE JOYCE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL KARP	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN KESSLER	BFT APPOINTE	1.00	Director	$0	$0	$0
LEROY MCCREARY	AT-LARGE APP	1.00	Director	$0	$0	$0
ANN OVER	SECRETARY	1.00	Director	$0	$0	$0
DAVE PUSTI	AT-LARGE APP	1.00	Director	$0	$0	$0
SUSAN SCHEUTZOW	TRUSTEE	1.00	Director	$0	$0	$0
TRACY SCHNEID	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE SCIVEN	TRUSTEE	1.00	Officer Director	$0	$0	$0
CONSOLINA TEMPLEMAN	TRUSTEE	1.00	Director	$0	$0	$0
TRACY WHEELER	SUPERINTENDE	1.00	Director	$0	$0	$0
WILLIAM YOUNG	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	$260,084	$174,859	$2,068,022	$85,225
2024	$204,797	$139,750	$1,853,362	$65,047
2023	$131,390	$126,702	$1,672,243	$4,688
2022	$144,378	$104,239	$1,572,863	$40,139
2021	$140,473	$53,545	$1,793,139	$86,928
2020	$165,224	$91,446	$1,409,763	$73,778
2019	$226,882	$143,163	$1,370,820	$83,719

THE EDUCATION FOUNDATION INC