FRSA EDUCATIONAL RESEARCH FOUNDATION (EIN 592290298) - 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

1982

Legal Domicile

Principal Officer

LISA PATE

Phone

4076713772

Tax Period

2024-01-01 to 2024-12-31

FRSA EDUCATIONAL RESEARCH FOUNDATION, founded in 1982, is a small nonprofit in the Education sector that reported $248K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 50% operating margin.

Mission

EDUCATION OF INDIVIDUALS IN THE CONSTRUCTION INDUSTRY

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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 $107,316

Program Service Revenue $4,305

Investment Income $91,043

Other Revenue $45,335

TOTAL REVENUE $247,999

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,083

Other Expenses $60,095

TOTAL EXPENSES $125,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,999	$169,263	+0.5%
Expenses	$125,095	$88,972	+0.4%
Net Income	$122,904	$80,291	+0.5%

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
ADAM PURDY CPRC	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BO COPELAND	CHAIR	1.00	Director	$0	$0	$0
TONYA STEELE	TRUSTEE	1.00	Director	$0	$0	$0
BILL BOYER	TRUSTEE	1.00	Director	$0	$0	$0
MATT CRISWELL	TRUSTEE	1.00	Director	$0	$0	$0
TAMMY HALL	TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
PHILLIP LANE	TRUSTEE	1.00	Director	$0	$0	$0
LES SIMS CPRC	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MANY OYOLA JR	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SILVERS CPRC	TRUSTEE	1.00	Director	$0	$0	$0
PAULA KENNEDY	TRUSTEE	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	No data	No data	No data	No data
2024	$247,999	$125,095	$1,808,034	$122,904
2023	$169,263	$88,972	$1,664,385	$80,291
2022	$133,783	$96,939	$1,541,396	$36,844
2021	$146,626	$104,746	$1,586,800	$41,880
2020	$127,722	$97,755	$1,538,523	$29,967
2019	$146,435	$102,773	$1,472,702	$43,662
2018	$114,204	$79,903	$1,393,371	$34,301

FRSA EDUCATIONAL RESEARCH FOUNDATION