PETOSKEY EDUCATION FOUNDATION

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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

1989

Legal Domicile

Principal Officer

MONA C O'NEIL

Phone

2313482100

Tax Period

2022-07-01 to 2023-06-30

PETOSKEY EDUCATION FOUNDATION, founded in 1989, is a micro nonprofit that reported $35K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $151K represent 52 months of operating reserves.

Mission

TO ENHANCE EDUCATIONAL OPPORTUNITIES TO STUDENTS OF PETOSKEY PUBLIC SCHOOLS THROUGHSCHOLARSHIPS, MINI-GRANTS AND OTHER CHARITABLE CONTRIBUTIONS

Program Service Accomplishments

Program 1

Expenses: $14,646

MINI-GRANTS PROVIDED TO STUDENTS AND TEACHERS FOR PROGRAM TRAINING AIDS, EDUCATIONAL MATERIALS ANDFIELD TRIPS TO EHANCE CURRICULUM

Program 2

Expenses: $19,000

SCHOLARSHIPS PROVIDED TO PETOSKEY PUBLIC SCHOOL STUDENTS

Program 3

CONTRIBUTION TO PETOSKEY HARBOR SPRINGS COMMUNITY FOUNDATION PERMANENT ENDOWMENT FUND FOR THE BENEFIT OF PETOSKEY 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 (2022)

Revenue Breakdown

Contributions & Grants $33,413

Program Service Revenue $0

Investment Income $1,442

Other Revenue $0

TOTAL REVENUE $34,855

Expense Breakdown

Grants Paid $33,646

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,646

Other Expenses $2,271

TOTAL EXPENSES $35,917

Year-over-Year Comparison

	2022	2021	Change
Revenue	$34,855	$28,981	+0.2%
Expenses	$35,917	$34,246	+0.0%
Net Income	$-1,062	$-5,265	-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

N/A

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
JIM KAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MELANIE MEENGS	TRUSTEE	1.00	Officer Director	$0	$0	$0
MONA O'NEIL	TREASURER	1.00	Officer Director	$0	$0	$0
NIKKI DEVITT	TRUSTEE	1.00	Director	$0	$0	$0
LAURA LAMP	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WALDVOGEL	TRUSTEE	1.00	Director	$0	$0	$0
MARK ASHLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARY LING	TRUSTEE	1.00	Director	$0	$0	$0
JILL MARSH	SECRETARY	1.00	Director	$0	$0	$0
JESSICA SHAW-NOLFF	TRUSTEE	1.00	Director	$0	$0	$0
BECKY SMITH	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	No data	No data	No data	No data
2023	$34,855	$35,917	$183,565	$-1,062
2022	$28,981	$34,246	$165,448	$-5,265
2021	$50,954	$25,191	$171,213	$25,763
2020	$60,134	$38,646	$145,939	$21,488
2018	$46,669	$47,609	$136,158	$-940