EDUCATION FOUNDATION OF SARASOTA COUNTY (EIN 592320858) - 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

1979

Legal Domicile

Principal Officer

JENNIFER VIGNE

Phone

9419270965

Tax Period

2022-07-01 to 2023-06-30

EDUCATION FOUNDATION OF SARASOTA COUNTY, founded in 1979, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.9M left a modest 9% surplus.

Mission

TO ENHANCE THE POTENTIAL OF STUDENTS, PROMOTE EXCELLENCE IN TEACHING,AND INSPIRE INNOVATION IN EDUCATION, GUIDED BY STRATEGIC PHILANTHROPY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,140,251

Program Service Revenue $0

Investment Income $78,202

Other Revenue $-40,700

TOTAL REVENUE $3,177,753

Expense Breakdown

Grants Paid $863,523

Salaries & Benefits $1,253,223

Fundraising Expenses $161,388

Program Expenses $2,581,684

Other Expenses $779,543

TOTAL EXPENSES $2,896,289

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,177,753	$4,227,915	-0.2%
Expenses	$2,896,289	$2,574,890	+0.1%
Net Income	$281,464	$1,653,025	-0.8%

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

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

$176,932

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH DONOFRIO	TEACHER REPRESENTATIVE	2.00	Director	$0	$0	$0
LUCIE LAPOVSKY	TREASURER	2.00	Officer Director	$0	$0	$0
STEVE KRAUSE	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER KASTEN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER INFANTI	DIRECTOR	2.00	Director	$0	$0	$0
AUBRIANNA HOBBS	STUDENT REPRESENTATIVE	2.00	Director	$0	$0	$0
KAROLINA PAULUS	STUDENT REPRESENTATIVE	2.00	Officer Director	$0	$0	$0
DONA SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
KENT HAYES	FIRST VICE CHAIR	2.00	Director	$0	$0	$0
BROCK H LEACH	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
ANNE ROLLINGS	SECRETARY	2.00	Director	$0	$0	$0
NELLE MILLER	CHAIR	3.00	Director	$0	$0	$0
KARA SAUNDERS	2ND VICE CHAIR	2.00	Officer Director	$0	$0	$0
BECKY VAN DER BOGERT	DIRECTOR	2.00	Director	$0	$0	$0
ES SWIHART	DIRECTOR	2.00	Director	$0	$0	$0
KARI JOHNSON	TEACHER REPRESENTATIVE	2.00	Director	$0	$0	$0
JENNIFER VIGNE	PRESIDENT	40.00	Officer	$171,011	$5,921	$176,932

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	No data	No data	No data	No data
2023	$3,177,753	$2,896,289	$5,469,942	$281,464
2022	$4,227,915	$2,574,890	$5,086,867	$1,653,025
2021	$2,840,268	$2,168,820	$5,328,037	$671,448
2020	$2,812,127	$2,763,680	$2,321,522	$48,447
2019	$1,558,013	$1,538,602	$2,186,948	$19,411

EDUCATION FOUNDATION OF SARASOTA COUNTY