MARINE AREA COMMUNITY SCHOOL

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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

2016

Legal Domicile

Principal Officer

DREW GOODSON

Phone

6514093122

Tax Period

2023-07-01 to 2024-06-30

MARINE AREA COMMUNITY SCHOOL, founded in 2016, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

MARINE AREA COMMUNITY SCHOOL WILL UTILIZE THE NATURAL RESOURCES, HISTORY, ARTS AND CIVIC STEWARDSHIP OF THE COMMUNITY AS A FOUNDATION FOR THE STUDY OF LANGUAGE ARTS, MATHEMATICS, SCIENCE, SOCIAL STUDIES, PHYSICAL EDUCATION, ART AND OTHER CURRICULUM SUBJECTS. THE PLACE-BASED LEARNING ENVIRONMENT WILL BE STUDENT CENTERED, DESIGNED BY TEACHERS AND REINFORCED AND SUPPORTED BY THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,203,186 Revenue: $67,137

MARINE AREA COMMUNITY SCHOOL PROVIDED EDUCATION UTILIZING ITS UNIQUE LOCATION TO APPROXIMATELY 116 STUDENTS IN GRADES K-5 DURING THE 23-24 SCHOOL YEAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,279,963

Program Service Revenue $67,137

Investment Income $-100,467

Other Revenue $-318

TOTAL REVENUE $2,246,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,895,783

Fundraising Expenses $0

Program Expenses $2,203,186

Other Expenses $789,057

TOTAL EXPENSES $2,684,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,246,315	$3,621,220	-0.4%
Expenses	$2,684,840	$3,665,687	-0.3%
Net Income	$-438,525	$-44,467	+8.9%

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

$195,933

Total Directors

$64,089

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE BRUNS	CHAIR/TEACHE	40.00	Officer Director	$58,987	$5,102	$64,089
LISA DOCKNIAK	VICE CHAIR	3.00	Officer Director	$0	$0	$0
ANGIE HONG	BOARD SECRET	3.00	Officer Director	$0	$0	$0
ERIC OLSEN	BOARD TREASU	3.00	Officer Director	$0	$0	$0
BREENA SILVIK	BOARD MEMBER	3.00	Director	$0	$0	$0
SARAH GODSAVE	BOARD MEMBER	3.00	Director	$0	$0	$0
DREW GOODSON	EXECUTIVE DI	40.00	Officer	$95,894	$35,950	$131,844

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	$2,246,315	$2,684,840	$1,611,524	$-438,525
2023	$3,621,220	$3,665,687	$2,052,577	$-44,467
2022	$3,279,137	$3,242,165	$2,197,841	$36,972
2021	$2,988,895	$2,904,340	$2,350,404	$84,555
2020	$2,731,694	$2,761,812	$2,652,672	$-30,118
2019	$2,364,307	$2,301,133	$2,348,925	$63,174
2018	$2,145,215	$1,999,561	$505,180	$145,654