KENTWOOD PUBLIC SCHOOLS 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

1986

Legal Domicile

Principal Officer

MARVIN LACEY

Phone

6164553977

Tax Period

2024-07-01 to 2025-06-30

KENTWOOD PUBLIC SCHOOLS EDUCATION FOUNDATION, founded in 1986, is a micro nonprofit that reported $60K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $15K, a strong 25% operating margin.

Mission

OUR MISSION IS TO INCREASE THE VALUE IN OUR COMMUNITY'S PUBLIC EDUCATION THROUGH EDUCATIONAL GRANTS TO KENTWOOD PUBLIC SCHOOLS FACULTY, CORPORATE AND MEMORIAL SCHOLARSHIP OPPORTUNITIES, AND PARTNERING BUSINESS GIVING WITH CLASSROOM NEEDS.

Program Service Accomplishments

Program 1

Expenses: $35,978

AWARDED GRANTS TO TEACHERS, CLASSROOMS, AND ATHLETIC TEAMS OF KENTWOOD PUBLIC SCHOOLS. AWARDED 3 SCHOLARSHIPS TO SENIORS OF KENTWOOD 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 (2024)

Revenue Breakdown

Contributions & Grants $63,804

Program Service Revenue $0

Investment Income $530

Other Revenue $-4,111

TOTAL REVENUE $60,223

Expense Breakdown

Grants Paid $35,978

Salaries & Benefits $0

Fundraising Expenses $4,783

Program Expenses $35,978

Other Expenses $9,344

TOTAL EXPENSES $45,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,223	$63,736	-0.1%
Expenses	$45,322	N/A	N/A
Net Income	$14,901	$63,736	-0.8%

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

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
SCOTT MELTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TY STEWART	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARV LACEY	TREASURER	1.00	Officer Director	$0	$0	$0
LORI WERNLUND	SECRETARY	1.00	Officer Director	$0	$0	$0
MARISSA BATY	TRUSTEE	1.00	Director	$0	$0	$0
JANA HOGLUND	TRUSTEE	1.00	Director	$0	$0	$0
EVAN HORDYK	ADMINISTRATION LIAISON	1.00	Director	$0	$0	$0
BETSY MELTON	TRUSTEE	1.00	Director	$0	$0	$0
JAMES JIM SWOBODA	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
SYLVIA JAMES	KPS BOARD OF EDUCATION	1.00	Director	$0	$0	$0
CARA JONES	EXECUTIVE DIRECTOR	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
2025	$60,223	$45,322	$511,809	$14,901

KENTWOOD PUBLIC SCHOOLS EDUCATION FOUNDATION