Sullivan Community Education Found… - 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

1994

Legal Domicile

Principal Officer

Becky Batman

Phone

2177288341

Tax Period

2024-01-01 to 2024-12-31

Sullivan Community Education Foundation, founded in 1994, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $73K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $64K left a modest 12% surplus.

Mission

THE MISSION OF THE SULLIVAN COMMUNITY EDUCATION FOUNDATION IS TO PROMOTE AND IMPROVE LIFELONG LEARNING OPPORTUNITIES IN OUR COMMUNITY AND SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $54,069

PROVIDE STUDENTS AND THE COMMUNITY WITH ENRICHED AND EXPANDED EDUCATIONAL OPPORTUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $40,462

Program Service Revenue $0

Investment Income $26,820

Other Revenue $5,365

TOTAL REVENUE $72,647

Expense Breakdown

Grants Paid $54,069

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,069

Other Expenses $9,601

TOTAL EXPENSES $63,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,647	$57,111	+0.3%
Expenses	$63,670	$38,056	+0.7%
Net Income	$8,977	$19,055	-0.5%

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
Ted Walk	Trustee	1.00	Director	$0	$0	$0
Nancy Schaljo	Trustee	1.00	Director	$0	$0	$0
Laura Elder	Trustee	1.00	Director	$0	$0	$0
Betty Jo Emel	Trustee	1.00	Director	$0	$0	$0
Justin Florey	Trustee	1.00	Director	$0	$0	$0
Laurrie Minor	Trustee	1.00	Director	$0	$0	$0
Abby Sherwood	Trustee	1.00	Director	$0	$0	$0
Linda Parish	Trustee	1.00	Director	$0	$0	$0
Mary Ann Wiley	Vice Chairman	1.00	Officer	$0	$0	$0
Jill Inman	Secretary	0.00	Officer	$0	$0	$0
Becky Batman	Treasurer	0.00	Officer	$0	$0	$0
Grant Wade	Chairman	1.00	Officer	$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	$72,647	$63,670	$575,669	$8,977
2023	$57,111	$38,056	$566,692	$19,055
2022	$24,744	$47,471	$547,637	$-22,727
2021	$158,663	$57,213	$570,364	$101,450
2020	$40,089	$43,978	$468,914	$-3,889
2019	$45,215	$48,098	$472,803	$-2,883

Sullivan Community Education Foundation