PUBLIC SCHOOLS OF CALUMET LAURIUM & KEWEENAW FOUNDATION INC (EIN 383320033) - 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

JOEL ASIALA

Phone

9063370311

Tax Period

2024-07-01 to 2025-06-30

PUBLIC SCHOOLS OF CALUMET LAURIUM & KEWEENAW FOUNDATION INC, founded in 1995, is a small nonprofit in the Education sector that reported $390K in total revenue in fiscal year 2024. The organization ran a surplus of $258K, a strong 66% operating margin.

Mission

PROVIDE STUDENT SUPPORT OF THE CLK SCHOOL SYSTEM.

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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 $73,333

Program Service Revenue $0

Investment Income $316,911

Other Revenue $0

TOTAL REVENUE $390,244

Expense Breakdown

Grants Paid $122,415

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,944

Other Expenses $9,838

TOTAL EXPENSES $132,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,244	$397,801	0.0%
Expenses	$132,253	$192,512	-0.3%
Net Income	$257,991	$205,289	+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

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
JEFF HARJU	PRESIDENT	0.20	Officer Director	$0	$0	$0
HOLLY HODGES	VICE PRESIDE	0.20	Officer Director	$0	$0	$0
NATHAN PERRAULT	TREASURER	0.20	Officer Director	$0	$0	$0
TREVOR SALATA	DEPUTY TREAS	0.20	Officer Director	$0	$0	$0
JOEL ASIALA	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA BRACCO	DIRECTOR	0.20	Director	$0	$0	$0
PHYLLIS LOCATELLI	DIRECTOR	0.20	Director	$0	$0	$0
JEREMIAH MASON	DIRECTOR	0.20	Director	$0	$0	$0
MARC POMROY	DIRECTOR	0.20	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	$390,244	$132,253	$5,075,757	$257,991
2024	$397,801	$192,512	$4,812,539	$205,289
2023	$623,867	$169,677	$4,628,115	$454,190
2022	$2,288,013	$221,565	$4,157,294	$2,066,448
2021	$157,836	$99,390	$2,135,917	$58,446
2020	$1,068,829	$129,924	$2,074,657	$938,905
2019	$97,892	$95,922	$1,156,032	$1,970
2018	$799,984	$203,599	$1,254,730	$596,385

PUBLIC SCHOOLS OF CALUMET LAURIUM & KEWEENAW FOUNDATION INC