Gloucester Education Foundation Inc (EIN 571224669) - 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

Phone

9782825550

Tax Period

2024-07-01 to 2025-06-30

Gloucester Education Foundation Inc, founded in 2005, is a small nonprofit in the Education sector that reported $895K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 21% operating margin.

Mission

Provide financial support for new and innovative programs for the public schools of Gloucester, Massachusetts

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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 $811,384

Program Service Revenue $0

Investment Income $82,630

Other Revenue $993

TOTAL REVENUE $895,007

Expense Breakdown

Grants Paid $456,618

Salaries & Benefits $153,566

Fundraising Expenses $72,828

Program Expenses $558,511

Other Expenses $96,537

TOTAL EXPENSES $706,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$895,007	$661,472	+0.4%
Expenses	$706,721	$635,315	+0.1%
Net Income	$188,286	$26,157	+6.2%

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

Volunteers

250

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

$102,401

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Siegel	Executive Director	40.00	Key Emp	$102,401	$0	$102,401
Margaret Rosa	Director	1.50	Director	$0	$0	$0
Karen Kenny	Director	1.00	Director	$0	$0	$0
Leslie Friday	Director	1.00	Director	$0	$0	$0
Marianne Smith	Director	1.00	Director	$0	$0	$0
Maiuza Alves	Director	1.00	Director	$0	$0	$0
Christopher Boucher	Director	1.00	Director	$0	$0	$0
Ingrid Conti	Director	1.00	Director	$0	$0	$0
Dawn Sarrouf	Director	1.00	Director	$0	$0	$0
Zachary Smith	Director	1.00	Director	$0	$0	$0
Brian Weed	Treasurer	1.25	Officer Director	$0	$0	$0
Ted Costa	President	2.00	Officer Director	$0	$0	$0
Matt Beach	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
2025	$895,007	$706,721	$3,092,063	$188,286
2024	$661,472	$635,315	$2,785,611	$26,157
2023	$628,647	$569,333	$2,598,597	$59,314
2023	$44,930	$73,103	$2,595,523	$-28,173
2022	$687,103	$510,996	$2,682,475	$176,107
2021	$611,176	$466,604	$2,573,104	$144,572
2020	$973,732	$443,098	$2,041,086	$530,634
2019	$1,012,716	$414,805	$1,685,004	$597,911

Gloucester Education Foundation Inc