THE FRAZEE CENTER

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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

2013

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THE FRAZEE CENTER, founded in 2013, is a small nonprofit in the Education sector that reported $265K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $915K represent 41 months of operating reserves.

Mission

THE CENTER RUNS A FREE PRESCHOOL FOR 3 AND 4 YEAR OLDS AND FREE AFYERSCHOOL ACTIVITIES FOR K5 THRU 8TH GRADE. STUDENTS WILL BE ASSIGNED MENTORS AND WILL BE TAUGHT TO WORK.

Program Service Accomplishments

Program 1

Expenses: $190,207

THE CENTER SAW AN INCREASE IN PARTICIPANTS IN THE PROGRAM DURING THE CURRENT YEAR, EVEN THOUGH THINGS WERE NOT AS GOOD AS THEY WERE IN PAST YEARS.

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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 $260,393

Program Service Revenue $0

Investment Income $27

Other Revenue $4,184

TOTAL REVENUE $264,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,419

Fundraising Expenses $14,309

Program Expenses $190,207

Other Expenses $148,748

TOTAL EXPENSES $259,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,604	$232,879	+0.1%
Expenses	$259,167	$372,847	-0.3%
Net Income	$5,437	$-139,968	-1.0%

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

245

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JENNY REEVES	TREASURER	Officer	$30,000	$0	$30,000
BONNIE MCCLAIN	DIRECTOR	Director	$0	$0	$0
DAVID SPANN	DIRECTOR	Director	$0	$0	$0
JASON LESLEY	PRESIDENT	Officer	$0	$0	$0
MATT REEVES	VICE PRESIDENT	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	$264,604	$259,167	$917,776	$5,437
2022	$232,879	$372,847	$918,364	$-139,968
2021	$527,030	$304,260	$1,055,338	$222,770
2020	$310,505	$316,322	$826,616	$-5,817
2019	$191,062	$451,500	$793,494	$-260,438
2018	$875,534	$384,127	$1,065,834	$491,407