Mayfield High School Alumni Associ… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

Frank Brown

Phone

4406694276

Tax Period

2022-09-01 to 2023-08-31

Mayfield High School Alumni Association Inc, founded in 1982, is a small nonprofit that reported $145K in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 56% operating margin.

Mission

The Corporation is organized exclusively for charitable, educational, literary, and scientific purposes within the meaning of Section 501c3 of the Internal Revenue Code.

Program Service Accomplishments

Program 1

Expenses: $37,000

Student scholarship program award of 37,000 to 45 graduating seniors.

Program 2

Expenses: $5,000

Donations to Mayfield Athletic Department.

Program 3

Expenses: $2,073

Donations to other Mayfield Support groups such as Special-Ed program, After Prom Committee, Athletic Trainers, and Bus Garage Services.

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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 (2022)

Revenue Breakdown

Contributions & Grants $80,916

Program Service Revenue $0

Investment Income $3,805

Other Revenue $60,081

TOTAL REVENUE $144,802

Expense Breakdown

Grants Paid $44,073

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,073

Other Expenses $19,960

TOTAL EXPENSES $64,033

Year-over-Year Comparison

	2022	2021	Change
Revenue	$144,802	$113,171	+0.3%
Expenses	$64,033	$59,614	+0.1%
Net Income	$80,769	$53,557	+0.5%

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
Wayne Farinacci	President	005.00	Officer	$0	$0	$0
Joseph DeMarco	Vice President	001.00	Officer	$0	$0	$0
Vince Ruggieri	Secretary	002.00	Officer	$0	$0	$0
Frank S Brown	Treasurer	004.00	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
2024	No data	No data	No data	No data
2023	$144,802	$64,033	$686,059	$80,769
2023	$278,981	$64,761	$941,716	$214,220

Mayfield High School Alumni Association Inc