Chelsea Education Foundation (EIN 382953926) - 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

1990

Legal Domicile

Principal Officer

Amy Forehand

Phone

2693693972

Tax Period

2023-09-01 to 2024-08-31

Chelsea Education Foundation, founded in 1990, is a small nonprofit in the Unknown sector that reported $141K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $169K exceeded revenue, resulting in a 20% operating deficit.

Mission

Enhancing Educational Opportunities to Community

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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 (2023)

Revenue Breakdown

Contributions & Grants $130,418

Program Service Revenue $0

Investment Income $14,372

Other Revenue $-3,459

TOTAL REVENUE $141,331

Expense Breakdown

Grants Paid $126,757

Salaries & Benefits $0

Fundraising Expenses $110

Program Expenses $126,757

Other Expenses $42,367

TOTAL EXPENSES $169,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,331	$159,887	-0.1%
Expenses	$169,124	$162,806	+0.0%
Net Income	$-27,793	$-2,919	+8.5%

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

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
MATT CEO	MEMBER	1.00	Director	$0	$0	$0
JOHN DALY	MEMBER	1.25	Director	$0	$0	$0
NICOLE DARBY	MEMBER	1.00	Director	$0	$0	$0
JANE DIESING	MEMBER	4.00	Director	$0	$0	$0
MIKE KAPOLKA	NON VOTING MEMBER	0.00	Director	$0	$0	$0
SANDY LANTIS	MEMBER	0.50	Director	$0	$0	$0
MARCUS KAEMMING	MEMBER	0.50	Director	$0	$0	$0
KAREN OWEN	MEMBER	1.75	Director	$0	$0	$0
WENDY ZIELEN	MEMBER	0.50	Director	$0	$0	$0
BEKA ALTER	FORMER MEMBER	1.50	Director	$0	$0	$0
SUZANNE MORRISON	MEMBER	2.00	Director	$0	$0	$0
ANGILA CHAPMAN	FORMER MEMBER	1.50	Director	$0	$0	$0
FRANK GROHNERT	FORMER MEMBER	1.00	Director	$0	$0	$0
AMY FOREHAND	PRESIDENT	10.00	Officer	$0	$0	$0
KATIE HEPLER	VICE PRESIDENT	4.00	Officer	$0	$0	$0
PATRICK ROBERTS	TREASURER	2.50	Officer	$0	$0	$0
SARAH BUTTON	SECRETARY	2.00	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	No data	No data	No data	No data
2024	$141,331	$169,124	$905,214	$-27,793
2023	$159,887	$162,806	$798,082	$-2,919
2022	$73,314	$121,378	$790,029	$-48,064
2021	$183,457	$95,157	$935,520	$88,300
2021	$77,078	$95,157	$935,520	$-18,079
2020	$125,294	$102,794	$847,220	$22,500
2019	$105,741	$103,047	$824,720	$2,694
2018	$110,630	$79,730	$822,026	$30,900

Chelsea Education Foundation