ISLAND FOUNDATION INC

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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

1994

Legal Domicile

Principal Officer

JON REYNOLDS

Phone

3616541134

Tax Period

2024-09-01 to 2025-08-31

ISLAND FOUNDATION INC, founded in 1994, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

EDUCATION AND COMMUNITY SERVICE

Program Service Accomplishments

Program 1

Expenses: $3,275,851 Revenue: $0

OPERATION OF SEASHORE CHARTER SCHOOLS, INCLUDING SEASHORE LEARNING CENTER, A NON-PROFIT CHARTER SCHOOL CURRENTLY SERVING KINDERGARTEN THROUGH 4TH GRADE AND SEASHORE MIDDLE ACADEMY, A NON-PROFIT...

OPERATION OF SEASHORE CHARTER SCHOOLS, INCLUDING SEASHORE LEARNING CENTER, A NON-PROFIT CHARTER SCHOOL CURRENTLY SERVING KINDERGARTEN THROUGH 4TH GRADE AND SEASHORE MIDDLE ACADEMY, A NON-PROFIT CHARTER SCHOOL CURRENTLY SERVING 5TH GRADE THROUGH 8TH GRADE.

Program 2

Expenses: $1,613,479 Revenue: $0

OPERATION OF PRESCHOOL, AFTER SCHOOL CARE AND SUMMER PROGRAM FOR CHILDREN AND PROVIDING COMMUNITY PROGRAMS.

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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 $4,267,452

Program Service Revenue $951,492

Investment Income $76,169

Other Revenue $43,790

TOTAL REVENUE $5,338,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,766,134

Fundraising Expenses $94,814

Program Expenses $4,889,330

Other Expenses $1,972,853

TOTAL EXPENSES $5,738,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,338,903	$5,620,245	-0.1%
Expenses	$5,738,987	$5,852,646	0.0%
Net Income	$-400,084	$-232,401	+0.7%

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

122

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

$150

Key Employees

$169,869

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER DANIELS	SUPERINTENDENT/IF DIRECTOR	40.00	Key Emp Highest	$43,814	$0	$43,814
JON REYNOLDS	PRESIDENT	2.00	Director	$0	$0	$0
MICHAEL YORK	DIRECTOR	2.00	Director	$0	$0	$0
JACLYN MAHLMANN	TREASURER	2.00	Director	$0	$0	$0
SARAH GREAUD	DIRECTOR	2.00	Director	$0	$0	$0
DAWNA NIMS	SECA DIRECTOR	40.00	Key Emp	$47,176	$0	$47,176
SHY ALEWINE	DIRECTOR	2.00	Director	$150	$0	$150
ELIZABETH JACKSON	SUPERINTENDENT/SLC DIRECTOR	40.00	Key Emp Highest	$78,879	$0	$78,879
RANDY FOSTER	DIRECTOR	N/A	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	$5,338,903	$5,738,987	$10,446,295	$-400,084
2024	$5,620,245	$5,852,646	$11,083,655	$-232,401
2023	$6,017,551	$5,562,744	$11,466,849	$454,807
2022	$5,407,926	$5,324,018	$11,113,669	$83,908
2021	$5,560,766	$4,984,651	$11,254,113	$576,115
2020	$5,181,074	$4,788,832	$10,871,155	$392,242
2019	$4,965,233	$4,476,102	$10,792,021	$489,131
2018	$5,149,599	$4,184,345	$9,951,200	$965,254