RYE FUND FOR EDUCATION INC (EIN 462481911) - 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

2013

Legal Domicile

Principal Officer

RONDA GILROY

Phone

9149676100

Tax Period

2022-07-01 to 2023-06-30

RYE FUND FOR EDUCATION INC, founded in 2013, is a small nonprofit in the Education sector that reported $274K in total revenue in fiscal year 2022. Revenue surged 362% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 32% operating margin.

Mission

THE ENTITY WILL DEVELOP, COORDINATE, AND PROVIDE FUNDING FOR PROGRAMS AND ACTIVITIES THAT PROMOTE AND ENHANCE EDUCATIONAL EXCELLENCE IN THE RYE SCHOOLS. THE FUND WILL FUNCTION AS A CENTRALIZED, MISSION DRIVEN RESPONSIVE TO THE EDUCATIONAL GOALS OF THE RYE SCHOOLS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $269,386

Program Service Revenue $0

Investment Income $3,458

Other Revenue $1,595

TOTAL REVENUE $274,439

Expense Breakdown

Grants Paid $153,394

Salaries & Benefits $0

Fundraising Expenses $18,790

Program Expenses $153,394

Other Expenses $32,953

TOTAL EXPENSES $186,347

Year-over-Year Comparison

	2022	2021	Change
Revenue	$274,439	$59,381	+3.6%
Expenses	$186,347	$51,315	+2.6%
Net Income	$88,092	$8,066	+9.9%

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

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
JENNIFER BOYLE	SCHOOL BOARD	2.00	Director	$0	$0	$0
ERIC BYRNE	SUPERINTENDE	2.00	Director	$0	$0	$0
MATTHEW GILROY	BOARD TRUSTE	2.00	Director	$0	$0	$0
CLAUDINE HANLEY	BOARD TRUSTE	2.00	Director	$0	$0	$0
MICHELLE KRAMER	BOARD TRUSTE	2.00	Director	$0	$0	$0
JENNIFER SHIRREFFS	BOARD TRUSTE	2.00	Director	$0	$0	$0
NIK VELAMOOR	BOARD TRUSTE	2.00	Director	$0	$0	$0
RONDA GILROY	PRESIDENT	2.00	Officer	$0	$0	$0
KELLY GRANT	SECRETARY	2.00	Officer	$0	$0	$0
BARBARA HALEY	VP OF COMMUN	2.00	Officer	$0	$0	$0
LEAH RAPOPORT	VP OF TECHNO	2.00	Officer	$0	$0	$0
MEGAN SCHATZ	TREASURER	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$274,439	$186,347	$628,844	$88,092
2022	$59,381	$51,315	$540,752	$8,066
2021	$159,018	$209,186	$532,686	$-50,168
2020	$17,235	$2,089	$582,854	$15,146
2019	$12,060	$1,238	$567,708	$10,822

RYE FUND FOR EDUCATION INC