EUCLID SCHOOLS FOUNDATION

EIN: 341689047 501(c)(3)

EUCLID, OH

Total Revenue
$391,062
Total Expenses
$313,316
Total Assets
$11,483,684
Net Assets
$11,483,684
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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
1991
Legal Domicile
OH
Principal Officer
ANTHONY BASALLA
Phone
2167972915
Tax Period
2024-10-01 to 2025-09-30

EUCLID SCHOOLS FOUNDATION, founded in 1991, is a small nonprofit that reported $391K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 20% operating margin.

Mission

THE MISSION OF THE EUCLID SCHOOLS FOUNDATION IS TO PROVIDE PRIVATE FINANCIAL SUPPORT FOR THE BENEFIT OF THE EUCLID CITY SCHOOLS AND ITS STUDENTS. SCHOLARSHIPS HELP SUPPORT WORTHY STUDENTS AND VARIOUS SCHOOL PROJECTS THAT ENRICH THE EDUCATION OF STUDENTS IN THE EUCLID CITY SCHOOLS SYSTEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $54,230
Program Service Revenue $0
Investment Income $336,832
Other Revenue $0
TOTAL REVENUE $391,062

Expense Breakdown

Grants Paid $255,907
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $255,907
Other Expenses $57,409
TOTAL EXPENSES $313,316

Year-over-Year Comparison

2024 2023 Change
Revenue $391,062 $592,008 -0.3%
Expenses $313,316 $203,675 +0.5%
Net Income $77,746 $388,333 -0.8%
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
11
Independent Members
11
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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY BASALLA PRESIDENT 2.00
Officer Director
$0 $0 $0
GREG FONDRAN SECRETARY 1.00
Officer Director
$0 $0 $0
LOUIS LOPARO TREASURER 0.50
Officer Director
$0 $0 $0
HOWARD DRAKE SECRETARY 0.50
Officer Director
$0 $0 $0
CHRIS PAPOURAS TRUSTEE 0.50
Director
$0 $0 $0
KAREN CONNAVINO TRUSTEE 1.00
Director
$0 $0 $0
MARQUES RICHESON VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
BRENT BUCKLEY TRUSTEE 0.50
Director
$0 $0 $0
DAVID CARLSON TRUSTEE 0.50
Director
$0 $0 $0
JESSICA WALTERS TRUSTEE 0.50
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
2025 $391,062 $313,316 $11,483,684 $77,746
2024 $592,008 $203,675 $10,513,095 $388,333
2023 $166,686 $193,470 $8,500,301 $-26,784
2022 $2,110,317 $99,864 $7,634,982 $2,010,453
2021 $202,397 $194,108 $7,648,865 $8,289
2020 $240,973 $34,241 $6,574,276 $206,732
2019 $5,645,432 $24,580 $5,972,731 $5,620,852
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