GRENADA EDUCATIONAL FOUNDATION (EIN 640470451) - 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

1966

Legal Domicile

Principal Officer

ROBERT A SHILLITO

Phone

6622262791

Tax Period

2024-07-01 to 2025-06-30

GRENADA EDUCATIONAL FOUNDATION, founded in 1966, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

PROVIDE EDUCATION TO KINDERGARTEN THROUGH 12TH GRADE STUDENTS ON A NONDISCRIMANITORY BASIS

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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 $0

Program Service Revenue $2,236,072

Investment Income $0

Other Revenue $470,684

TOTAL REVENUE $2,706,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,802,421

Fundraising Expenses $0

Program Expenses $2,360,046

Other Expenses $891,698

TOTAL EXPENSES $2,694,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,706,756	$2,161,578	+0.3%
Expenses	$2,694,119	$2,264,148	+0.2%
Net Income	$12,637	$-102,570	-1.1%

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

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
PHIL BROWN	TREASURER	N/A	Officer Director	$0	$0	$0
JOSH MATTOX	PRESIDENT	N/A	Officer Director	$0	$0	$0
SLADE REDWINE	SECRETARY	N/A	Officer Director	$0	$0	$0
CHUCK ROSE	VICE PRESIDE	N/A	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	$2,706,756	$2,694,119	$1,477,800	$12,637
2024	$2,161,578	$2,264,148	$1,567,229	$-102,570
2023	$2,155,631	$2,114,935	$2,068,546	$40,696
2022	$2,450,408	$2,128,985	$1,914,512	$321,423
2021	$2,410,608	$2,227,967	$2,011,752	$182,641
2020	$2,166,665	$2,247,211	$2,124,072	$-80,546
2019	$2,135,399	$2,186,576	$1,804,893	$-51,177

GRENADA EDUCATIONAL FOUNDATION