THE KILLGOAR 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

1987

Legal Domicile

Principal Officer

JIM PASSINAULT MD

Phone

6162414633

Tax Period

2025-01-01 to 2025-12-31

THE KILLGOAR EDUCATION FOUNDATION, founded in 1987, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $677K, a strong 63% operating margin.

Mission

FINANCIAL SUPPORT FOR IMMACULATE HEART OF MARY SCHOOL

Program Service Accomplishments

Program 1

Expenses: $390,000

FINANCIAL SUPPORT TO IMMACULATE HEART OF MARY SCHOOL FOR SCHOLARSHIPS AND LOANS TO CHILDREN WISHING AN EDUCATION AT IMMACULATE HEART OF MARY SCHOOL. SELECTION BASED ON NEED BY SCHOOL OFFICIALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $525,083

Program Service Revenue $0

Investment Income $562,260

Other Revenue $-8,055

TOTAL REVENUE $1,079,288

Expense Breakdown

Grants Paid $130,000

Salaries & Benefits $0

Fundraising Expenses $5,876

Program Expenses $390,000

Other Expenses $272,653

TOTAL EXPENSES $402,653

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,079,288	$927,239	+0.2%
Expenses	$402,653	$555,894	-0.3%
Net Income	$676,635	$371,345	+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
KEVIN JEAKLE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN KRAUS	SECRETARY	5.00	Director	$0	$0	$0
JEFF LISZEWSKI	DIRECTOR	2.00	Director	$0	$0	$0
JIM PASSINAULT MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARK NORTON	DEVELOPMENT	2.00	Director	$0	$0	$0
MAUREEN NORTON	DEVELOPMENT	2.00	Director	$0	$0	$0
DAVE SNYDER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL VANDERPOEL	TREASURER	5.00	Director	$0	$0	$0
MATTHEW VICARI	VICE PRESIDE	5.00	Officer 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	$1,079,288	$402,653	$6,845,720	$676,635
2024	$927,239	$295,894	$6,411,144	$631,345
2023	$287,875	$183,232	$5,778,799	$104,643
2022	$259,444	$303,814	$5,056,518	$-44,370
2021	$717,734	$301,518	$5,809,581	$416,216
2020	$412,206	$288,945	$4,820,286	$123,261
2019	$735,022	$279,956	$4,426,782	$455,066
2018	$408,319	$274,197	$3,970,050	$134,122