TRI-STATE EDUCATIONAL FOUNDATION (EIN 640899593) - 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

1997

Legal Domicile

Principal Officer

ELIZABETH LOVELACE

Phone

6624233027

Tax Period

2024-10-01 to 2025-09-30

TRI-STATE EDUCATIONAL FOUNDATION, founded in 1997, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE FOUNDATION PROVIDES FUNDING FOR EDUCATIONAL SCHOLARSHIPS AND GRANTS TO QUALIFIED APPLICANTS.

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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 $0

Investment Income $3,531

Other Revenue $1,449,953

TOTAL REVENUE $1,453,484

Expense Breakdown

Grants Paid $1,524,786

Salaries & Benefits $114,643

Fundraising Expenses $76,847

Program Expenses $1,524,786

Other Expenses $135,803

TOTAL EXPENSES $1,775,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,453,484	$1,712,896	-0.2%
Expenses	$1,775,232	$1,994,879	-0.1%
Net Income	$-321,748	$-281,983	+0.1%

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

$120

Total Directors

$480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB FERGUSON	PAST CHAIRMA	1.00	Officer Director	$0	$0	$0
MARY D LAMBERT	DIRECTOR	1.00	Director	$60	$0	$60
SARA ELLINGTON	DIRECTOR	1.00	Director	$120	$0	$120
NANCY BROWN	SECRETARY/TR	5.00	Director	$120	$0	$120
ELIZABETH LOVELACE	CHAIRMAN	5.00	Officer Director	$120	$0	$120
JAMES PHELPS	DIRECTOR	1.00	Director	$60	$0	$60

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	$1,453,484	$1,775,232	$2,190,285	$-321,748
2024	$1,712,896	$1,994,879	$2,329,520	$-281,983
2023	$1,803,066	$1,457,987	$2,690,142	$345,079
2022	$1,831,836	$1,025,079	$2,371,826	$806,757
2021	$1,506,273	$649,713	$1,400,994	$856,560
2020	$850,283	$670,521	$571,668	$179,762
2019	$682,760	$731,765	$320,066	$-49,005
2018	$688,457	$616,407	$393,704	$72,050

TRI-STATE EDUCATIONAL FOUNDATION