Clear Lake Comm School Foundation (EIN 421258772) - 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

2006

Legal Domicile

Principal Officer

Pam Pitkin

Phone

6415291727

Tax Period

2024-05-01 to 2025-04-30

Clear Lake Comm School Foundation, founded in 2006, is a micro nonprofit in the Education sector that reported $93K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $124K exceeded revenue, resulting in a 33% operating deficit.

Mission

Provide scholarships for students of the Clear Lake Community School District based on academic acheivement and need.

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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 $9,994

Program Service Revenue $0

Investment Income $83,079

Other Revenue $0

TOTAL REVENUE $93,073

Expense Breakdown

Grants Paid $118,209

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,209

Other Expenses $5,641

TOTAL EXPENSES $123,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,073	$106,136	-0.1%
Expenses	$123,850	$115,312	+0.1%
Net Income	$-30,777	$-9,176	+2.4%

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
Douglas Grabinski	President	0.00	Officer	$0	$0	$0
Tom Lovell	Vice President	0.00	Officer	$0	$0	$0
Pam Pitkin	Secretary	10.00	Officer	$0	$0	$0
Ron Pitkin	Treasurer	0.00	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	$93,073	$123,850	$1,182,967	$-30,777
2024	$106,136	$115,312	$1,213,745	$-9,176
2023	$9,990	$88,050	$1,222,920	$-78,060
2022	$475,538	$46,667	$1,300,980	$428,871
2021	$43,618	$67,342	$872,109	$-23,724
2020	$54,151	$63,166	$895,833	$-9,015
2019	$52,029	$57,060	$904,825	$-5,031

Clear Lake Comm School Foundation