SEARS ALUMNAE FOUNDATION TRUST

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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

1922

Legal Domicile

Principal Officer

BANK OF AMERICA

Phone

8888663275

Tax Period

2023-01-01 to 2023-12-31

SEARS ALUMNAE FOUNDATION TRUST, founded in 1922, is a small nonprofit in the Education sector that reported $141K in total revenue in fiscal year 2023. Revenue surged 321% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 37% operating margin.

Mission

SUPPORT MARY INSTITUTE TEACHERS AND FORMER TEACHERS

Program Service Accomplishments

Program 1

Expenses: $63,863

MADE 11 GRANTS FOR THE RELIEF OF PAST OR PRESENT TEACHERS OF THE MARY INSTITUTE BECAUSE OF OLD AGE, ACCIDENT, FAILING HEALTH OR OTHER ADVERSITY

Program 2

Expenses: $9,506

BANK OF AMERICA, TRUSTEE FEES

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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 $0

Program Service Revenue $0

Investment Income $141,003

Other Revenue $0

TOTAL REVENUE $141,003

Expense Breakdown

Grants Paid $63,863

Salaries & Benefits $23,767

Fundraising Expenses $0

Program Expenses $73,369

Other Expenses $958

TOTAL EXPENSES $88,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,003	$33,477	+3.2%
Expenses	$88,588	$63,026	+0.4%
Net Income	$52,415	$-29,549	-2.8%

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

N/A

Independent Members

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY CARNAL	CO-FIDUCIARY	N/A	Director	$0	$0	$0
LISA COULTER	CO-FIDUCIARY	N/A	Director	$0	$0	$0
MCKAY N MILLS	COMMITTEE MEMBER	N/A	Director	$0	$0	$0
WHITNEY REBOULET	CO-FIDUCIARY	N/A	Director	$0	$0	$0
MRS C N MCALPIN	CO-FIDUCIARY	N/A	Director	$0	$0	$0
LISA NOUSS	CO FIDUCIARY	N/A	Director	$0	$0	$0
BANK OF AMERICA	CO-FIDUCIARY	N/A		$23,737	$0	$23,737

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	No data	No data	No data	No data
2023	$141,003	$88,588	$1,976,576	$52,415
2022	$33,477	$63,026	$1,924,925	$-29,549
2021	$160,460	$110,433	$1,954,548	$50,027
2020	$91,198	$47,833	$1,904,740	$43,365
2019	$89,347	$67,884	$1,861,733	$21,463