PARMA EDUCATION ASSOCIATION (EIN 340909803) - 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

1966

Legal Domicile

Principal Officer

SUSAN MESSINGER

Phone

4404880532

Tax Period

2023-09-01 to 2024-08-31

PARMA EDUCATION ASSOCIATION, founded in 1966, is a small nonprofit that reported $184K in total revenue in fiscal year 2023. Net assets of $557K represent 36 months of operating reserves.

Mission

THE ASSOCIATION PROVIDES A VARIETY OF SERVICES TO THE EDUCATIONAL AND DISTRICT COMMUNITY INCLUDING PROFESSIONAL DEVELOPMENT, COMMUNITY RELATIONS, COLLECTIVE BARGAINING, LEADERSHIP TRAINING, SCHOLARSHIPS THROUGH THE PEA FOUNDATION, INC., MEMBERSHIP SUPPORT AND ENFORCING CODES OF PROFESSIONAL RIGHTS AND RESPONSIBILITIES.

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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 $182,142

Program Service Revenue $0

Investment Income $2,159

Other Revenue $0

TOTAL REVENUE $184,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $186,342

TOTAL EXPENSES $186,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,301	$191,842	0.0%
Expenses	$186,342	$233,137	-0.2%
Net Income	$-2,041	$-41,295	-1.0%

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

765

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
NORMAN BAKER	VICE-PRESIDE	5.00	Officer	$0	$0	$0
SARA BOONE	SECRETARY	2.00	Officer	$0	$0	$0
CATHERINE EVANS	TREASURER	10.00	Officer	$0	$0	$0
SUSAN MESSINGER	PRESIDENT	40.00	Officer	$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	$184,301	$186,342	$556,777	$-2,041
2023	$191,842	$233,137	$558,818	$-41,295
2022	$162,032	$155,285	$600,113	$6,747
2021	$164,431	$185,504	$593,366	$-21,073
2020	$164,197	$97,470	$614,439	$66,727
2019	$159,919	$158,426	$547,712	$1,493
2018	$165,144	$176,073	$546,219	$-10,929

PARMA EDUCATION ASSOCIATION