The Canton Student Loan Foundation (EIN 340906580) - 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

1922

Legal Domicile

Principal Officer

Kimberly Leggett

Phone

3304930020

Tax Period

2023-07-01 to 2024-06-30

The Canton Student Loan Foundation, founded in 1922, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 88% operating margin.

Mission

TO HELP GRADUATES OF STARK COUNTY HIGH SCHOOLS ACHIEVE HIGHER EDUCATION BY GRANTING LOW INTEREST LOANS TO ELIGIBLE APPLICANTS

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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 $1,310,317

Program Service Revenue $220,039

Investment Income $337,008

Other Revenue $37,566

TOTAL REVENUE $1,904,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,432

Fundraising Expenses $0

Program Expenses $183,980

Other Expenses $72,819

TOTAL EXPENSES $227,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,904,930	$952,397	+1.0%
Expenses	$227,251	$217,265	+0.0%
Net Income	$1,677,679	$735,132	+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

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

Total Directors

Key Employees

$75,130

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY LEGGETT	EXECUTIVE DIRECTOR	32.0	Key Emp	$75,130	$0	$75,130
ROBERT BELDEN	Trustee	0.25	Director	$0	$0	$0
SAM DORTO JR	Trustee	0.25	Director	$0	$0	$0
GEORGE DOWNES	TREASURER	0.25	Officer Director	$0	$0	$0
MARY BEDDELL	Trustee	0.25	Director	$0	$0	$0
ANDREW LUNTZ	Trustee	0.25	Director	$0	$0	$0
GEORGE W MAY JR	HONORARY TRUSTEE	0.0	Director	$0	$0	$0
DENNIS FULMER	Trustee	0.25	Director	$0	$0	$0
MARY BETH GREEN	Trustee	0.25	Director	$0	$0	$0
LEE ANN THORN	Trustee	0.25	Director	$0	$0	$0
JUDI MALINOWSKI	Trustee	0.25	Director	$0	$0	$0
KATHY POPORAD	Vice President	0.25	Officer Director	$0	$0	$0
SUSAN MARCH	Trustee	0.25	Director	$0	$0	$0
JOANN SMITH	PRESIDENT	0.25	Officer Director	$0	$0	$0
GRETCHEN TUCKER	Trustee	0.25	Director	$0	$0	$0
MICHAEL GALLINA	PAST PRESIDENT	0.25	Director	$0	$0	$0
AMBER WALLACE	Trustee	0.25	Director	$0	$0	$0
CHRISTOPHER BURR	SECRETARY	0.25	Officer Director	$0	$0	$0
BRENT FATZINGER	Trustee	0.25	Director	$0	$0	$0
JORDAN GREENWALD	Trustee	0.25	Director	$0	$0	$0
ROBERT HENDERSON	HONORARY TRUSTEE	0.0	Director	$0	$0	$0
WILLIAM F HOOVER	Trustee	0.25	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	$1,904,930	$227,251	$15,910,939	$1,677,679
2023	$952,397	$217,265	$14,140,459	$735,132
2022	$509,535	$207,868	$13,359,139	$301,667
2021	$522,537	$205,886	$13,076,093	$316,651
2020	$550,588	$214,853	$12,715,199	$335,735
2019	$637,611	$212,046	$12,380,417	$425,565

The Canton Student Loan Foundation