BASSETT EDUCATION FOUNDATION (EIN 451660040) - 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

2008

Legal Domicile

Principal Officer

NICHOLAS DRAKOS

Phone

6269313045

Tax Period

2024-07-01 to 2025-06-30

BASSETT EDUCATION FOUNDATION, founded in 2008, is a micro nonprofit that reported $17K in total revenue in fiscal year 2024. The organization ran a surplus of $12K, a strong 71% operating margin.

Mission

TO PROVIDE A PLATFORM FOR FINANCING AND UNDERTAKING ACTIVITIES, PROJECTS AND FUNCTIONS WHICH WILL ENHANCE, COMPLEMENT AND ENRICH EDUCATION PROGRAMS AND ACTIVITIES CURRENTLY BEING PROVIDED BY THE BASSETT UNIFIED SCHOOL.

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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 $17,010

Program Service Revenue $106

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,921

Other Expenses $4,921

TOTAL EXPENSES $4,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,116	N/A	N/A
Expenses	$4,921	$19,905	-0.8%
Net Income	$12,195	$-19,905	-1.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS DRAKOS	PRESIDENT	003.00	Officer Director	$0	$0	$0
TIM SEAL	SECRETARY	001.00	Officer Director	$0	$0	$0
LUCIO PEREZ JR	TREASURER	001.00	Officer Director	$0	$0	$0
ELVIRA DIAZ DE LEON	BOARD MEMBER	001.00	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	$17,116	$4,921	$7,407	$12,195
2024	No data	$19,905	$145,377	No data
2023	No data	$36,128	$7,407	No data
2022	No data	$5,639	$7,407	No data
2021	No data	$30,445	$206,523	No data
2020	$307,303	$395,189	$325,105	$-87,886

BASSETT EDUCATION FOUNDATION