MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION (EIN 421343360) - 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

1988

Legal Domicile

Principal Officer

BONNIE RAASCH

Phone

3193774691

Tax Period

2024-01-01 to 2024-12-31

MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION, founded in 1988, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $892K, a strong 70% operating margin.

Mission

SUPPORTING EDUCATION FOR THE BENEFIT OF MARION INDEPENDENT SCHOOL DISTRICT STUDENTS, SCHOOLS AND THE GREATER COMMUNITY.

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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 $600,179

Program Service Revenue $0

Investment Income $668,806

Other Revenue $0

TOTAL REVENUE $1,268,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,092

Fundraising Expenses $0

Program Expenses $361,363

Other Expenses $318,836

TOTAL EXPENSES $376,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,268,985	$4,695,488	-0.7%
Expenses	$376,928	$524,467	-0.3%
Net Income	$892,057	$4,171,021	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY VAN GORP	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
DOREEN ZUMWALT	PAST PRESIDE	N/A	Director	$0	$0	$0
ADAM DETERMANN	TREASURER	N/A	Officer	$0	$0	$0
RACHEL HAUCK	PRESIDENT EL	N/A	Officer	$0	$0	$0
BONNIE RAASCH	PRESIDENT	N/A	Officer	$0	$0	$0
COLTON STORLA	SECRETARY	N/A	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
2024	$1,268,985	$376,928	$6,796,890	$892,057
2023	$4,695,488	$524,467	$5,904,192	$4,171,021
2022	$193,189	$454,139	$1,733,171	$-260,950
2021	$469,213	$299,549	$2,127,867	$169,664
2020	$432,184	$196,632	$1,958,203	$235,552
2019	$506,442	$319,729	$1,722,140	$186,713
2018	$140,395	$211,033	$1,538,301	$-70,638

MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION