MINERVA EDUCATION FOUNDATION & ALUMNI ASSOCIATION

EIN: 341649795 501(c)(3) Education

MINERVA, OH

Total Revenue
$76,181
Total Expenses
$99,447
Total Assets
$1,491,858
Net Assets
$1,491,858
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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
OH
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.

Program Service Accomplishments

Program 1
Expenses: $99,447

PROVIDE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO ARE ENTERING UNIVERSITIES OR TECHNICAL SCHOOLS, PROVIDE BOOK SCHOLARSHIPS TO ALUMNI ENROLLED IN UNIVERSITIES OR TECHNICAL SCHOOLS AND...

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PROVIDE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO ARE ENTERING UNIVERSITIES OR TECHNICAL SCHOOLS, PROVIDE BOOK SCHOLARSHIPS TO ALUMNI ENROLLED IN UNIVERSITIES OR TECHNICAL SCHOOLS AND PROVIDE GRANTS FOR CLASSROOMS, ELEMENTARY THROUGH HIGH SCHOOL TO PURCHASE TEACHING AIDS AND PROGRAMS THE SCHOOL SYSTEM CANNOT AFFORD TO PROVIDE.

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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