ST MARY SCHOOL ENDOWMENT 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

1998

Legal Domicile

Principal Officer

LORI A SCHAUB

Phone

2312569676

Tax Period

2025-01-01 to 2025-12-31

ST MARY SCHOOL ENDOWMENT FOUNDATION, founded in 1998, is a small nonprofit in the Education sector that reported $301K in total revenue in fiscal year 2025. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $282K left a modest 6% surplus.

Mission

TO SOLICIT, SECURE AND PROVIDE FUNDS FOR SCHOLARSHIPS AND EDUCATIONAL EXPENSES FOR ST. MARY SCHOOL, LAKE LEELANAU, MI.

Program Service Accomplishments

Program 1

Expenses: $167,181

ST. MARY SCHOOL OPERATIONS AND PROGRAM SUPPORT.

Program 2

Expenses: $60,457

GUARDIAN ANGELS SCHOLARSHIPS AND TEACHER SCHOLARSHIP ASSISTANCE.

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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 $101,158

Program Service Revenue $0

Investment Income $199,368

Other Revenue $0

TOTAL REVENUE $300,526

Expense Breakdown

Grants Paid $227,638

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $227,638

Other Expenses $54,015

TOTAL EXPENSES $281,653

Year-over-Year Comparison

	2025	2024	Change
Revenue	$300,526	$550,785	-0.5%
Expenses	$281,653	$252,342	+0.1%
Net Income	$18,873	$298,443	-0.9%

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

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	Role	Reportable Comp	Other Comp	Total
TIM SCHAUB	BOARD MEMBER	Director	$0	$0	$0
PAULA KORSON	BOARD MEMBER	Director	$0	$0	$0
NANCY FARESE	PRESIDENT	Officer	$0	$0	$0
TOM ALFLEN	VICE-PRESIDENT	Officer	$0	$0	$0
MICHAEL BEAN	TREASURER	Officer	$0	$0	$0
J PETER MILLER	SECRETARY	Officer	$0	$0	$0
LORI SCHAUB	ASSISTANT TREASURER	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	$300,526	$281,653	$5,458,861	$18,873
2024	$550,785	$252,342	$4,983,086	$298,443
2023	$249,428	$215,033	$4,550,664	$34,395
2022	$1,350,849	$182,550	$4,124,555	$1,168,299