ALBION EDUCATION FOUNDATION

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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

1991

Legal Domicile

Principal Officer

CAROL KUSEK

Phone

4023955160

Tax Period

2023-01-01 to 2023-12-31

ALBION EDUCATION FOUNDATION, founded in 1991, is a small nonprofit in the Religion sector that reported $202K in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 17% operating margin.

Mission

FUNDS AND FORMULATES AND ADMINISTERS PROGRAMS IN COOPERATION WITH THE SCHOOL ADMINISTRATION. THE FOUNDATION OPERATES THROUGH ITS BOARD OF DIRECTORS, OFFICERS, STANDING COMMITTEES, AND WITH THE ASSISTANCE AND PARTICIPATION OF VOLUNTEERS AND SUPPORTERS.

Program Service Accomplishments

Program 1

Expenses: $39,521 Revenue: $6,454

PROVIDE SCHOLARSHIPS AND EDUCATIONAL DEVELOPMENT FOR STUDENTS OF BOONE CENTRAL PUBLIC SCHOOLS (BCPS)

Program 2

Expenses: $77,317

SUPPORT BOONE CENTRAL PUBLIC SCHOOLS IN ITS EDUCATIONAL DEVELOPMENT OF STUDENTS.

Program 3

Expenses: $13,890

THE ALBION EDUCATION FOUNDATION (AEF) PROVIDED SUPPORT TO THE PRAIRIE PLAINS RESOURCE INSTITUTE TO MANAGE THE OLSON NATURE PRESERVE AND TO ST. MICHAEL'S SCHOOL FOR A SCHOOL KINDNESS PROGRAM. THROUGH THE SUPPORT OF THE THESE ORGANIZATIONS, BOONE CENTRAL PUBLIC SCHOOLS WAS BENEFITED BY ALLOWING IT'S STUDENTS ACCESS TO THE GREAT PLAINS LANDSCAPE AND PROMOTING GOOD CITIZENSHIP.

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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 $48,849

Program Service Revenue $6,454

Investment Income $146,204

Other Revenue $0

TOTAL REVENUE $201,507

Expense Breakdown

Grants Paid $133,107

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,228

Other Expenses $34,129

TOTAL EXPENSES $167,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,507	$110,949	+0.8%
Expenses	$167,236	$263,753	-0.4%
Net Income	$34,271	$-152,804	-1.2%

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
LYNN BYGLAND	DIRECTOR	1.00	Director	$0	$0	$0
RON COAKES	DIRECTOR	1.00	Director	$0	$0	$0
KURT KRUSE	DIRECTOR	1.00	Director	$0	$0	$0
CAROL KUSEK	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD MARTINSEN	TREASURER	5.00	Officer Director	$0	$0	$0
GAY SANDMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RICHARD STEPHENS	SECRETARY	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	No data	No data	No data	No data
2023	$201,507	$167,236	$3,477,443	$34,271
2022	$110,949	$263,753	$3,443,172	$-152,804
2021	$266,781	$145,254	$3,595,976	$121,527
2020	$222,795	$128,373	$3,474,449	$94,422
2019	$162,577	$111,817	$3,380,027	$50,760
2018	$393,460	$239,262	$3,329,267	$154,198