MINERVA EDUCATION FOUNDATION & ALUMNI ASSOCIATION (EIN 341649795) - 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

1990

Legal Domicile

Principal Officer

THEODORE ISUE

Phone

3308684210

Tax Period

2023-01-01 to 2023-12-31

MINERVA EDUCATION FOUNDATION & ALUMNI ASSOCIATION, founded in 1990, is a micro nonprofit in the Education sector that reported $76K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $99K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROMOTE, SPONSOR AND ENCOURAGE THE PURSUIT OF EXCELLENCE FOR ALL STUDENTS AND ALUMNI OF THE MINERVA LOCAL 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 (2023)

Revenue Breakdown

Contributions & Grants $54,626

Program Service Revenue $0

Investment Income $22,436

Other Revenue $-881

TOTAL REVENUE $76,181

Expense Breakdown

Grants Paid $82,515

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,447

Other Expenses $16,932

TOTAL EXPENSES $99,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,181	$219,476	-0.7%
Expenses	$99,447	$95,565	+0.0%
Net Income	$-23,266	$123,911	-1.2%

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

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
SCOTT CASSIDY	TRUSTEE	N/A	Director	$0	$0	$0
SUSAN CHADDOCK	TREASURER/TR	N/A	Director	$0	$0	$0
ROBERT GALLINA	TRUSTEE	N/A	Director	$0	$0	$0
DAVID GOTSCHALL	TRUSTEE	N/A	Director	$0	$0	$0
MARY GRUNDER	SECRETARY/TR	N/A	Director	$0	$0	$0
THEODORE ISUE	PRESIDENT/TR	N/A	Director	$0	$0	$0
PATRICA MILLER	VICE PRES/TR	N/A	Director	$0	$0	$0
DEBORAH PALMER	TRUSTEE	N/A	Director	$0	$0	$0
MOLLY PIRIE	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$76,181	$99,447	$1,491,858	$-23,266
2022	$219,476	$95,565	$1,369,168	$123,911
2021	$35,280	$77,118	$1,385,297	$-41,838
2020	$98,767	$71,313	$1,222,640	$27,454

MINERVA EDUCATION FOUNDATION & ALUMNI ASSOCIATION