STUDENT ASSISTANCE FOUNDATION FOR EDUCAT (EIN 753067322) - 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

2003

Legal Domicile

Principal Officer

TRACY RINGERING

Phone

5096622723

Tax Period

2024-07-01 to 2025-06-30

STUDENT ASSISTANCE FOUNDATION FOR EDUCAT, founded in 2003, is a small nonprofit in the Education sector that reported $228K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $421K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO PROVIDE FINANCIAL SUPPORT TO OR FOR THE BENEFIT OF CASCADE CHRISTIAN ACADEMY IN WENATCHEE, WA FOR ITS CAPITAL IMPROVEMENTS AND GENERAL OPERATIONS, AND TO PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS OF CASCADE CHRISTIAN ACADEMY.

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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 $7,000

Program Service Revenue $0

Investment Income $220,639

Other Revenue $0

TOTAL REVENUE $227,639

Expense Breakdown

Grants Paid $369,723

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $420,571

Other Expenses $50,848

TOTAL EXPENSES $420,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,639	$277,246	-0.2%
Expenses	$420,571	$425,621	0.0%
Net Income	$-192,932	$-148,375	+0.3%

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
WARREN DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACY RINGERING	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
JACQUELINE STONAS	DIRECTOR	0.25	Director	$0	$0	$0
STEPHANIE GATES	DIRECTOR	0.25	Director	$0	$0	$0
GREGORY S RINGERING	DIRECTOR	1.00	Director	$0	$0	$0
BILL PERSHALL	DIRECTOR	0.25	Director	$0	$0	$0
THEODORE MERCHANT	DIRECTOR	0.25	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	$227,639	$420,571	$8,545,173	$-192,932
2024	No data	No data	No data	No data
2023	$6,756,695	$294,210	$7,466,144	$6,462,485
2022	$49,329	$66,484	$1,000,715	$-17,155
2021	$40,051	$66,072	$1,228,880	$-26,021
2020	$35,213	$84,931	$1,005,898	$-49,718
2019	$64,394	$75,380	$1,050,266	$-10,986
2018	$73,388	$61,461	$1,069,434	$11,927

STUDENT ASSISTANCE FOUNDATION FOR EDUCAT