CRETE PUBLIC SCHOOLS FOUNDATION (EIN 363897770) - 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

1992

Legal Domicile

Principal Officer

SANDY ROSENBOOM

Phone

4028265855

Tax Period

2023-09-01 to 2024-08-31

CRETE PUBLIC SCHOOLS FOUNDATION, founded in 1992, is a small nonprofit in the Education sector that reported $277K in total revenue in fiscal year 2023. The organization ran a surplus of $107K, a strong 39% operating margin.

Mission

ADDITIONAL FINANCIAL SUPPORT TO CRETE PUBLIC SCHOOLS

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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 $91,313

Program Service Revenue $0

Investment Income $153,151

Other Revenue $32,492

TOTAL REVENUE $276,956

Expense Breakdown

Grants Paid $101,099

Salaries & Benefits $15,822

Fundraising Expenses $20,491

Program Expenses $116,921

Other Expenses $53,213

TOTAL EXPENSES $170,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,956	$272,915	+0.0%
Expenses	$170,134	$227,908	-0.3%
Net Income	$106,822	$45,007	+1.4%

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
ANN TEGET	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA STONES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JANE FAHRNBRUCH	SECRETARY	1.00	Officer Director	$0	$0	$0
SANDY ROSENBOOM	TREASURER	5.00	Officer Director	$0	$0	$0
GARY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SORENSEN JR	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN SCHELSTRAETE	DIRECTOR	1.00	Director	$0	$0	$0
JORGE PAREDES	DIRECTOR	1.00	Director	$0	$0	$0
ADAM WACKEL	DIRECTOR	1.00	Director	$0	$0	$0
BECKY HUNKE	DIRECTOR	1.00	Director	$0	$0	$0
MEAGAN KERSHNER	BUSINESS MAN	1.00		$0	$0	$0
JOSH MCDOWELL	ADVISOR	1.00		$0	$0	$0
MARILEA THIEM	DIRECTOR	10.00		$0	$0	$15,822

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	$276,956	$170,134	$4,449,849	$106,822
2023	$272,915	$227,908	$3,631,611	$45,007
2022	$348,553	$139,751	$3,322,384	$208,802
2021	$213,950	$104,854	$4,177,761	$109,096
2020	$163,935	$78,251	$3,386,201	$85,684
2019	$394,054	$117,637	$2,849,910	$276,417
2018	$369,089	$86,509	$2,755,826	$282,580

CRETE PUBLIC SCHOOLS FOUNDATION