TOWER EDUCATION ASSOCIATION (EIN 383235125) - 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

1995

Legal Domicile

Principal Officer

JOHN NICKEL

Phone

7349717991

Tax Period

2024-07-01 to 2025-06-30

TOWER EDUCATION ASSOCIATION, founded in 1995, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

SUMMERS-KNOLL SCHOOL EXISTS TO PREPARE CHILDREN FOR THE FUTURE THROUGH A CHALLENGING ACADEMIC PROGRAM THAT CONSIDERS THE WHOLE CHILD IN A SUPPORTIVE, ENCOURAGING, AND JOYFUL ENVIRONMENT.

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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 $47,908

Program Service Revenue $1,320,481

Investment Income $35

Other Revenue $201,559

TOTAL REVENUE $1,569,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,332,379

Fundraising Expenses $86,927

Program Expenses $1,127,346

Other Expenses $445,610

TOTAL EXPENSES $1,777,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,569,983	$1,102,094	+0.4%
Expenses	$1,777,989	$1,741,792	+0.0%
Net Income	$-208,006	$-639,698	-0.7%

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

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

$318,978

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNATHAN LETCHER	HEAD OF SCHO	40.00	Officer	$193,560	$18,518	$212,078
KIMBERLEY MICHALISHYN	BUSINESS DIR	40.00	Officer	$106,900	$0	$106,900
CARRIE SYMONS	EXEC DIR - T	40.00	Highest	$100,911	$11,983	$112,894
LEON PARKER	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
HJ DECKER	TREASURER	2.00	Officer Director	$0	$0	$0
VICTORIA BURTON-HARRIS	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
ED FENG	BOARD MEMBER	2.00	Director	$0	$0	$0
FATIMA AHMED	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN NICKEL	TRUSTEE	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	$1,569,983	$1,777,989	$3,444,810	$-208,006
2024	$1,102,094	$1,741,792	$3,256,162	$-639,698
2023	$1,746,084	$2,132,939	$3,888,238	$-386,855
2022	$3,110,758	$2,565,657	$4,618,659	$545,101
2021	$2,292,762	$2,143,840	$4,112,014	$148,922
2020	$2,548,809	$2,475,311	$3,807,664	$73,498
2019	$2,682,500	$2,465,530	$3,812,582	$216,970

TOWER EDUCATION ASSOCIATION