Arizona Independent Schools Scholarship Foundation (EIN 311623961) - 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

1998

Legal Domicile

Principal Officer

Kristie Berg

Phone

5209070287

Tax Period

2023-07-01 to 2024-06-30

Arizona Independent Schools Scholarship Foundation, founded in 1998, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.9M left a modest 8% surplus.

Mission

AISSF IS A SCHOOL TUITION ORGANIZATION (STO) ORGANIZED TO PROVIDE TUITION AID TO STUDENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,923,925

Program Service Revenue $0

Investment Income $128,079

Other Revenue $0

TOTAL REVENUE $2,052,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,761,112

Other Expenses $1,884,765

TOTAL EXPENSES $1,884,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,052,004	$2,420,809	-0.2%
Expenses	$1,884,765	$2,199,317	-0.1%
Net Income	$167,239	$221,492	-0.2%

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
Kristie Berg	President	2.00	Officer Director	$0	$0	$0
Katie Charles	Secretary	2.00	Officer Director	$0	$0	$0
Katie Charles	Treasurer	2.00	Officer Director	$0	$0	$0
Mary Babbitt	Director	2.00	Director	$0	$0	$0
Julie Sherrill	Vice President	2.00	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
2025	No data	No data	No data	No data
2024	$2,052,004	$1,884,765	$5,271,914	$167,239
2023	$2,420,809	$2,199,317	$5,053,331	$221,492
2022	$2,262,902	$1,694,607	$4,746,571	$568,295
2021	$2,034,531	$1,962,795	$4,569,241	$71,736
2020	$2,341,281	$2,074,940	$4,502,340	$266,341
2019	$2,765,844	$2,404,572	$3,787,604	$361,272

Arizona Independent Schools Scholarship Foundation