MILBANK HIGH SCHOOL EDUCATIONAL FOUNDATION INC (EIN 460391642) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

SUSAN LEDDY

Phone

6054329000

Tax Period

2023-01-01 to 2023-12-31

MILBANK HIGH SCHOOL EDUCATIONAL FOUNDATION INC, founded in 1989, is a micro nonprofit that reported $61K in total revenue in fiscal year 2018. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $139K exceeded revenue, resulting in a 128% operating deficit.

Mission

THE MILBANK HIGH SCHOOL EDUCATIONAL FOUNDATION, INC. AIDS, SUPPORTS, ADVANCES, AUGMENTS, & ASSISTS IN THE DEVELOPMENT OF THE MILBANK PUBLIC SCHOOLS BY FURTHERING, ENCHANCING, AND IMPROVING THEIR WELFARE, SERVICES, AND PROPERTIES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $558,564

Program Service Revenue $0

Investment Income $430,242

Other Revenue $0

TOTAL REVENUE $988,806

Expense Breakdown

Grants Paid $186,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,127

Other Expenses $15,627

TOTAL EXPENSES $202,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$988,806	$-85,105	-12.6%
Expenses	$202,127	$158,278	+0.3%
Net Income	$786,679	$-243,383	-4.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN LEDDY	PRESIDENT	0.30	Officer Director	$0	$0	$0
JEFF JONES	VICE-PRESIDE	0.30	Officer Director	$0	$0	$0
NICHOLE BURY	SECRETARY	0.30	Officer Director	$0	$0	$0
SUE STENGEL	TREASURER	0.30	Officer Director	$0	$0	$0
BECKY SCRIBNER	DIRECTOR	0.30	Director	$0	$0	$0
DELVIN HACKWITH	DIRECTOR	0.30	Director	$0	$0	$0
JUSTIN MATHIASON	DIRECTOR	0.30	Director	$0	$0	$0
TIMOTHY PETERS	DIRECTOR	0.30	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
2024	No data	No data	No data	No data
2023	$988,806	$202,127	$3,583,679	$786,679
2022	$-85,105	$158,278	$2,797,000	$-243,383
2021	$594,446	$167,352	$3,040,383	$427,094
2020	$331,937	$154,477	$2,613,289	$177,460
2019	$601,904	$161,295	$2,435,829	$440,609
2018	$60,841	$138,506	$1,995,220	$-77,665

MILBANK HIGH SCHOOL EDUCATIONAL FOUNDATION INC