THE SERC FOUNDATION INC (EIN 383978620) - 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

2015

Legal Domicile

Principal Officer

JEFFREY LEAKE

Phone

8606321485

Tax Period

2023-07-01 to 2024-06-30

THE SERC FOUNDATION INC, founded in 2015, is a small nonprofit in the Education sector that reported $309K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $92K, a strong 30% operating margin.

Mission

TO ESTABLISH AND ADMINISTER SPECIFIC FUNDS WHICH FUNDS SHALL BE UTILIZED TO PROVIDE GRANTS AND/OR LOANS TO PARTICULAR DESIGNATED INDIVIDUALS AND ASSOCIATIONS WITH THE OBJECTIVES OF ADVANCING THE EDUCATION OF ALL CONNECTICUT STUDENTS AND DECREASING DISPARITIES IN EDUCATIONAL OUTCOMES.

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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 $207,500

Program Service Revenue $101,256

Investment Income $0

Other Revenue $0

TOTAL REVENUE $308,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,566

Other Expenses $216,591

TOTAL EXPENSES $216,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,756	$359,364	-0.1%
Expenses	$216,591	$279,168	-0.2%
Net Income	$92,165	$80,196	+0.1%

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
JEFFREY LEAKE	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
PAUL FLINTER	SECRETARY	8.00	Officer Director	$0	$0	$0
MARILYN CALDERON	DIRECTOR	8.00	Director	$0	$0	$0
DR AGNES QUINONES	TREASURER	8.00	Officer Director	$0	$0	$0
ELIZABETH BROWN	DIRECTOR	8.00	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	No data	No data	No data	No data
2024	$308,756	$216,591	$412,586	$92,165
2023	$359,364	$279,168	$353,890	$80,196
2022	$301,691	$243,014	$102,607	$58,677
2021	$223,022	$204,651	$230,047	$18,371
2018	$218,399	$109,737	$163,376	$108,662

THE SERC FOUNDATION INC