HIGH SCHOOL DISTRICT 206 EDUCATION… - 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

1992

Legal Domicile

Principal Officer

James E Bobek

Phone

7086913025

Tax Period

2023-07-01 to 2024-06-30

HIGH SCHOOL DISTRICT 206 EDUCATION FOUNDATION, founded in 1992, is a small nonprofit in the Education sector that reported $144K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 18% operating margin.

Mission

FORM 990 PART III LINE 1 ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES. IT SHALL BE THE MISSION OF THE SCHOOL DISTRICT 206 EDUCATION FOUNDATION TO ACQUIRE AND DISTRIBUTE FINANCIAL AND OTHER RESOURCES TO BLOOM TOWNSHIP HIGH SCHOOL DISTRICT 206. THE RESOURCES SHALL BE USED FOR PROGRAMS AND PROJECTS WHICH ENHANCE OR SUPPLEMENT BLOOM TOWNSHIP HIGH SCHOOL DISTRICT 206 (BTHS 206) EDUCATIONAL PROGRAMS AND PROVIDE ENRICHMENT OPPORTUNITIES FOR LEARNERS.

Program Service Accomplishments

Program 1

Expenses: $27,643 Revenue: $0

SCHOOL CLUB ACTIVITIES AND PROJECTS

Program 2

Expenses: $14,462 Revenue: $0

CLASSROOM PROJECT MINIGRANTS

Program 3

Expenses: $5,000 Revenue: $0

STUDENT COLLEGE SCHOLARSHIP

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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 $94,212

Program Service Revenue $0

Investment Income $49,822

Other Revenue $0

TOTAL REVENUE $144,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,206

Program Expenses $103,572

Other Expenses $109,320

TOTAL EXPENSES $118,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,034	$99,078	+0.5%
Expenses	$118,526	$62,422	+0.9%
Net Income	$25,508	$36,656	-0.3%

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
JAMES BOBEK	TREASURER	5	Director	$0	$0	$0
PAUL NYKAZA	CHAIRMAN	15	Director	$0	$0	$0
CATALDO PANICI	VICE CHAIRMAN	5	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	$144,034	$118,526	$572,008	$25,508
2023	No data	No data	No data	No data
2022	$91,680	$57,190	$509,844	$34,490
2021	$200,653	$37,777	$559,306	$162,876

HIGH SCHOOL DISTRICT 206 EDUCATION FOUNDATION