UNION CITY EDUCATION FOUNDATION INC (EIN 454726182) - 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

2012

Legal Domicile

Principal Officer

CONNOR WYATT

Phone

7655467803

Tax Period

2023-01-01 to 2023-12-31

UNION CITY EDUCATION FOUNDATION INC, founded in 2012, is a small nonprofit in the Education sector that reported $179K in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 27% operating margin.

Mission

TO PROVIDE EDUCATIONAL FUNDS IN SUPPORT OF STUDENTS OF RESC FOR STUDENT SCHOLARSHIPS, PROGRAMS THAT ENHANCE TEACHER MORALE AND EFFECTIVENESS, CAPITAL PROGRAMS AIMED AT ENHANCEMENT OF CURRICULUM OR SPECIAL PROGRAMS IDENTIFIED AS VALUABLE TO THE EDUCATION PROCESS BUT NOT AFFORDABLE WITHIN NORMAL OPERATING BUDGETS.

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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 $103,561

Program Service Revenue $0

Investment Income $72,672

Other Revenue $3,000

TOTAL REVENUE $179,233

Expense Breakdown

Grants Paid $99,902

Salaries & Benefits $16,000

Fundraising Expenses $0

Program Expenses $105,140

Other Expenses $15,565

TOTAL EXPENSES $131,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,233	$87,002	+1.1%
Expenses	$131,467	$108,641	+0.2%
Net Income	$47,766	$-21,639	-3.2%

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

$13,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CORBIN	PRESIDENT	30.00	Officer	$12,000	$0	$12,000
CYNTHIA LEA	ASST TREASURER	5.00	Officer	$0	$0	$0
ANGIE CROSS	TREASURER	4.00	Officer	$500	$0	$500
MARY BRUMBAUGH	SECRETARY	1.00	Officer	$250	$0	$250
JENNIFER VINCENT	ASST SECRETARY	1.00	Officer	$250	$0	$250
AARON BLACK	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CONNOR WYATT	TREASURER (2024)	1.00	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
2024	No data	No data	No data	No data
2023	$179,233	$131,467	$1,532,527	$47,766
2022	$87,002	$108,641	$1,484,761	$-21,639
2021	$1,055,203	$96,086	$1,506,400	$959,117
2020	$57,193	$68,340	$547,283	$-11,147
2019	$66,576	$79,527	$558,430	$-12,951
2018	$68,208	$68,203	$571,381	$5

UNION CITY EDUCATION FOUNDATION INC