Perkins Magnet Endowment Inc

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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

1995

Legal Domicile

Principal Officer

Amy Swanson

Phone

7274585302

Tax Period

2024-01-01 to 2024-12-31

Perkins Magnet Endowment Inc, founded in 1995, is a micro nonprofit in the Education sector that reported $21K in total revenue in fiscal year 2024. Expenses of $28K exceeded revenue, resulting in a 37% operating deficit.

Mission

To earn funds and receive gifts for the purpose of enriching the arts experience of the students and teachers at Perkins Elementary Magnet School of the Arts & International Studies

Program Service Accomplishments

Program 1

Expenses: $19,323 Revenue: $15,729

Enhanced the arts program at Perkins Elementary School by reimbursing purchases of classroom supplies, purchasing costumes, concessions, and other supplies for student performances, reimbursing...

Enhanced the arts program at Perkins Elementary School by reimbursing purchases of classroom supplies, purchasing costumes, concessions, and other supplies for student performances, reimbursing teachers for professional memberships, and reimbursing costs of school events

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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 $4,221

Program Service Revenue $15,729

Investment Income $0

Other Revenue $598

TOTAL REVENUE $20,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,083

Program Expenses $19,323

Other Expenses $28,075

TOTAL EXPENSES $28,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,548	N/A	N/A
Expenses	$28,075	N/A	N/A
Net Income	$-7,527	N/A	N/A

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
Alyson Nelson	Secretary	5.00	Officer Director	$0	$0	$0
Amy Swanson	President	5.00	Officer Director	$0	$0	$0
Laura Kranzel	Director	5.00	Director	$0	$0	$0
Dana Keller	Treasurer	5.00	Director	$0	$0	$0
Tim Evans	Vice President	0.00	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
2024	$20,548	$28,075	$501,676	$-7,527
2021	$376,976	$11,308	$477,658	$365,668