TROY EDUCATION ASSOCIATION (EIN 382124327) - 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

1957

Legal Domicile

Principal Officer

JENNIFER SMITH

Phone

2485599725

Tax Period

2024-09-01 to 2025-08-31

TROY EDUCATION ASSOCIATION, founded in 1957, is a small nonprofit that reported $215K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $54K, a strong 25% operating margin.

Mission

UPHOLD, EDUCATE AND REPRESENT TROY EDUCATION ASSOCIATION MEMBERS TEACHERS ON THE CURRENT BARGAINING AGREEMENT BETWEEN THE TROY EDUCATION ASSOCIATION AND THE TROY SCHOOL DISTRICT

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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 $214,615

Program Service Revenue $0

Investment Income $224

Other Revenue $636

TOTAL REVENUE $215,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,800

Fundraising Expenses $0

Program Expenses $156,250

Other Expenses $135,933

TOTAL EXPENSES $161,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,475	$187,167	+0.2%
Expenses	$161,733	$186,198	-0.1%
Net Income	$53,742	$969	+54.5%

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

$11,000

Total Directors

$10,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON CICHOWICZ	PRESIDENT	040.00	Officer	$3,500	$0	$3,500
PAT KONEVAL	WEBMASTER	005.00	Director	$2,500	$0	$2,500
ANDREA MCCUNE	SECRETARY	030.00	Officer	$2,500	$0	$2,500
GORDON GIBBONS	VICE PRESIDENT	030.00	Officer	$2,500	$0	$2,500
JENNIFER SMITH	TREASURER	030.00	Officer	$2,500	$0	$2,500
MELISSA DODGE	MEMBERSHIP CHAIR	005.00	Director	$2,000	$0	$2,000
CHRISTINE RUSSELL	ELEMENTARY TRUSTEE	005.00	Director	$1,000	$0	$1,000
CINDY CHRISTIANSEN	MIDDLE SCHOOL TRUSTEE	005.00	Director	$1,000	$0	$1,000
DINA CHRISOPOULOS	HIGH SCHOOL TRUSTEE	005.00	Director	$1,000	$0	$1,000
DAVE GUZAK	SPECIAL EDUCATION TRUSTEE	005.00	Director	$1,000	$0	$1,000
ANGELA CLEMENCE	ELEMENTARY TRUSTEE	005.00	Director	$1,000	$0	$1,000
GISELLE BUCHANAN	PUBLIC RELATIONS TRUSTEE	005.00	Director	$500	$0	$500
MORGAN CARLSON	EXTERNAL PUBLIC RELATIONS	005.00	Director	$500	$0	$500
KAREN ROSEWARNE	MASTER SICK BANK CHAIR	005.00	Director	$250	$0	$250

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	$215,475	$161,733	$184,974	$53,742
2023	$191,731	$134,796	$129,814	$56,935
2022	$133,154	$209,011	$81,085	$-75,857
2021	$853,212	$871,905	$148,664	$-18,693
2020	$896,985	$866,440	$165,633	$30,545
2019	$1,042,049	$974,620	$135,304	$67,429
2018	$213,796	$183,996	$166,913	$29,800

TROY EDUCATION ASSOCIATION