FRIENDS OF WARREN EASTON CHARTER HIGH SCHOOL FOUNDATION (EIN 465737261) - 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

2014

Legal Domicile

Principal Officer

DAVID J GARLAND

Phone

5043778943

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF WARREN EASTON CHARTER HIGH SCHOOL FOUNDATION, founded in 2014, is a micro nonprofit that reported $233 in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $169K exceeded revenue, resulting in a 72306% operating deficit.

Mission

TO SUPPORT THE MISSION OF WARREN EASTON HIGH SCHOOL FOUNDATION, INC. THROUGH SOLICITATION OF CONTRIBUTIONS TO HELP FUND COLLEGE SCHOLARSHIPS, EDUCATIONAL TRAVEL, CULTURAL AND SPORTS EVENTS, AND OTHER RELATED ACTIVITIES.

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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 $0

Program Service Revenue $0

Investment Income $233

Other Revenue $0

TOTAL REVENUE $233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,000

Other Expenses $168,706

TOTAL EXPENSES $168,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233	$11,771	-1.0%
Expenses	$168,706	$25,475	+5.6%
Net Income	$-168,473	$-13,704	+11.3%

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
ARTHUR HARDY	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID J GARLAND	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID NAPOLEON	DIRECTOR	1.00	Officer Director	$0	$0	$0
SAL GENOVESE	DIRECTOR	1.00	Officer Director	$0	$0	$0
WILLIAM HATCHETT	DIRECTOR	1.00	Officer 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	$233	$168,706	No data	$-168,473
2023	$11,771	$25,475	$142,636	$-13,704
2022	$79,104	$475	$163,840	$78,629
2021	$265,316	$4,908	$103,711	$260,408
2020	$71,909	$15,715	$155,124	$56,194
2019	$1,120	$32,314	$84,638	$-31,194
2018	$45,145	$439,380	$124,330	$-394,235

FRIENDS OF WARREN EASTON CHARTER HIGH SCHOOL FOUNDATION