ELYRIA CATHOLIC EDUCATIONAL ENDOWMENT FOUNDATION (EIN 341349320) - 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

1985

Legal Domicile

Principal Officer

MIKE ESSENMACHER CPA

Phone

4403651821

Tax Period

2024-01-01 to 2024-12-31

ELYRIA CATHOLIC EDUCATIONAL ENDOWMENT FOUNDATION, founded in 1985, is a small nonprofit that reported $269K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $233K left a modest 13% surplus.

Mission

TO SUPPORT CATHOLIC HIGH SCHOOL EDUCATION IN ELYRIA, OHIO.

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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 $196,944

Program Service Revenue $0

Investment Income $72,491

Other Revenue $0

TOTAL REVENUE $269,435

Expense Breakdown

Grants Paid $232,735

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $232,735

Other Expenses $502

TOTAL EXPENSES $233,237

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,435	$656,270	-0.6%
Expenses	$233,237	$1,168,950	-0.8%
Net Income	$36,198	$-512,680	-1.1%

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

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

$211,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ESSENMACHER	TREASURER	2.00	Officer Director	$0	$0	$0
DAVE JEZEWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BASINSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDITH GLENN	SECRETARY	1.00	Officer Director	$0	$0	$0
NICOLE BOYSON RUKSTALIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL WEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE ANDRIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
ZOE ZWEGAT SCHMID	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNIE HEIDERSBACH	BOARD MEMBER	1.00	Director	$0	$0	$107,713
SUZANNE LESTER	BOARD MEMBER	1.00	Director	$0	$13,106	$103,695
FRANK O'LINN	BOARD MEMBER	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	$269,435	$233,237	$4,307,261	$36,198
2023	$656,270	$1,168,950	$3,849,651	$-512,680
2022	$215,175	$2,095	$3,879,179	$213,080
2021	$206,543	$175,082	$4,655,865	$31,461
2020	$98,046	$163,113	$4,022,655	$-65,067
2019	$118,309	$164,569	$3,583,536	$-46,260
2018	$85,536	$173,318	$3,035,180	$-87,782

ELYRIA CATHOLIC EDUCATIONAL ENDOWMENT FOUNDATION