EAST ASHTABULA EDUCATIONAL ASSISTANCE CORP (EIN 550877721) - 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

2005

Legal Domicile

Principal Officer

Dave Farina

Phone

4408124354

Tax Period

2020-01-01 to 2020-12-31

EAST ASHTABULA EDUCATIONAL ASSISTANCE CORP, founded in 2005, is a micro nonprofit in the Education sector that reported $32K in total revenue in fiscal year 2020. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $11K, a strong 36% operating margin.

Mission

EDUCATIONAL ASSISTANCE TO LOCAL SCHOOLS AND EDUCATIONAL CHARITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $32,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,000

Expense Breakdown

Grants Paid $20,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,500

Other Expenses $50

TOTAL EXPENSES $20,550

Year-over-Year Comparison

	2020	2019	Change
Revenue	$32,000	$34,030	-0.1%
Expenses	$20,550	$17,540	+0.2%
Net Income	$11,450	$16,490	-0.3%

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

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
DAVID FARINA	PRESIDENT	1.00	Officer	$0	$0	$0
JOE DONATONE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
STEVE DAUBENSPECK	SECRETARY/TRUSTEE	0.50	Officer	$0	$0	$0
MARK ANDREWS	TRUSTEE	0.50	Director	$0	$0	$0
STEVE ZAEBST	TRUSTEE	0.50	Director	$0	$0	$0
JOHN HIGGINS	TRUSTEE	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
2020	$32,000	$20,550	$49,366	$11,450
2019	$34,030	$17,540	$37,916	$16,490
2018	$20,280	$33,915	$21,426	$-13,635

EAST ASHTABULA EDUCATIONAL ASSISTANCE CORP