CORUNNA PUBLIC SCHOOLS EDUCATIONAL FOUNDATION INC

EIN: 382571829 501(c)(3)

CORUNNA, MI

Total Revenue
$148,485
Total Expenses
$104,175
Total Assets
$971,200
Net Assets
$804,310
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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
1984
Legal Domicile
MI
Principal Officer
PEGGY FRIESS
Phone
9897436338
Tax Period
2023-07-01 to 2024-06-30

CORUNNA PUBLIC SCHOOLS EDUCATIONAL FOUNDATION INC, founded in 1984, is a small nonprofit that reported $148K in total revenue in fiscal year 2023. The organization ran a surplus of $44K, a strong 30% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND MINI GRANTS TO CORUNNA STUDENTS AND TEACHERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $91,985
Program Service Revenue $0
Investment Income $44,252
Other Revenue $12,248
TOTAL REVENUE $148,485

Expense Breakdown

Grants Paid $96,660
Salaries & Benefits $5,000
Fundraising Expenses $0
Program Expenses $96,660
Other Expenses $2,515
TOTAL EXPENSES $104,175

Year-over-Year Comparison

2023 2022 Change
Revenue $148,485 $145,009 +0.0%
Expenses $104,175 $79,420 +0.3%
Net Income $44,310 $65,589 -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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
50

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
3
$2,500
Total Directors
21
$5,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEGGY FRIESS EXECUTIVE DI 2.00
Director
$2,500 $0 $2,500
BILL GRAHAM TREASURER 2.00
Officer Director
$2,500 $0 $2,500
KATHY BROOKS TRUSTEE 1.00
Director
$0 $0 $0
JOHN FATTAL TRUSTEE 1.00
Director
$0 $0 $0
SHARON GANSSLEY TRUSTEE 1.00
Director
$0 $0 $0
CHAR HEBEKEUSER TRUSTEE 1.00
Director
$0 $0 $0
MARK HETFIELD TRUSTEE 1.00
Director
$0 $0 $0
NOAH JACOBS TRUSTEE 1.00
Director
$0 $0 $0
JOE JANCA TRUSTEE 1.00
Director
$0 $0 $0
SALLY LABADIE TRUSTEE 1.00
Director
$0 $0 $0
RANDY MEDER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL MOORE TRUSTEE 1.00
Director
$0 $0 $0
ANDY OGINSKY TRUSTEE 1.00
Director
$0 $0 $0
JANICE RAY SECRETARY 1.00
Officer Director
$0 $0 $0
SUSAN RIGOULOT TRUSTEE 1.00
Director
$0 $0 $0
JEFF RILEY TRUSTEE 1.00
Director
$0 $0 $0
KORI SHOOK TRUSTEE 1.00
Director
$0 $0 $0
FRANK VYSKOCIL TRUSTEE 1.00
Director
$0 $0 $0
JOY WELTY TRUSTEE 1.00
Director
$0 $0 $0
JIM WOODWORTH PRESIDENT 1.00
Officer Director
$0 $0 $0
JOE ZDUNIC TRUSTEE 1.00
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 No data No data No data No data
2024 $148,485 $104,175 $971,200 $44,310
2023 $145,009 $79,420 $872,466 $65,589
2022 $157,316 $156,099 $820,283 $1,217
2021 $143,790 $111,986 $966,260 $31,804
2020 $106,114 $64,618 $780,650 $41,496
2019 $95,613 $100,388 $774,685 $-4,775
2018 $78,092 $70,097 $732,512 $7,995
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