STUDENT LOAN FOUNDATION OF NORTH CANTON (EIN 341039308) - 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

1963

Legal Domicile

Principal Officer

JORDAN GREENWALD

Phone

3304940588

Tax Period

2024-01-01 to 2024-12-31

STUDENT LOAN FOUNDATION OF NORTH CANTON, founded in 1963, is a micro nonprofit in the Education sector that reported $35K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 166% operating deficit.

Mission

ORGANIZATION OFFERS FINANCIAL ASSISTANCE FOR HIGHER EDUCATION THROUGH EDUCATIONAL LOANS TO STUDENTS IN THE NORTH CANTON OHIO CITY SCHOOL DISTRICT.

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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 $0

Program Service Revenue $5,292

Investment Income $29,452

Other Revenue $0

TOTAL REVENUE $34,744

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,635

Other Expenses $42,473

TOTAL EXPENSES $92,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,744	$69,820	-0.5%
Expenses	$92,473	$87,619	+0.1%
Net Income	$-57,729	$-17,799	+2.2%

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

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN GREENWALD	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREA ZIARKO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD LEPAGE	TREASURER	2.00	Officer Director	$0	$0	$0
BRENT FATZINGER	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN ARNOLD	TRUSTEE	1.00	Director	$0	$0	$0
TAMIE EYNON	TRUSTEE	1.00	Director	$0	$0	$0
GRETCHEN LECKIE-EWING	TRUSTEE	1.00	Director	$0	$0	$0
EMILY LEVITT IERO	TRUSTEE	1.00	Director	$0	$0	$0
ANDY SCHILTZ	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT WARBURTON	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
2024	$34,744	$92,473	$1,438,739	$-57,729
2023	$69,820	$87,619	$2,564,069	$-17,799
2022	$36,720	$19,619	$2,619,219	$17,101
2021	$34,301	$22,191	$2,602,118	$12,110
2020	$135,912	$18,100	$2,590,008	$117,812
2019	$23,617	$20,988	$2,472,196	$2,629
2018	$98,813	$13,490	$2,469,567	$85,323

STUDENT LOAN FOUNDATION OF NORTH CANTON