Corning Comm Sch Educational Foundation (EIN 841639450) - 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

1994

Legal Domicile

Principal Officer

Don Kenworthy

Phone

7126212744

Tax Period

2025-01-01 to 2025-12-31

Corning Comm Sch Educational Foundation, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $302K in total revenue in fiscal year 2025. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $186K, a strong 62% operating margin.

Mission

GENERATE AND DISTRIBUTE RES0URCES ON BEHALF OF THE CORNING SCHOOL DISTRICT AND ITS ALUMNI TP PROVIDE SCHOLARSHIP FPR POST-SECONDARY EDUCATION OF CORNING SCHOOL DISTRICT GRADUATRES AND SUPPORT ALUMNI INVOLVEMENT

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $265,060

Investment Income $37,012

Other Revenue $0

TOTAL REVENUE $302,072

Expense Breakdown

Grants Paid $103,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,782

Other Expenses $13,011

TOTAL EXPENSES $116,211

Year-over-Year Comparison

	2025	2024	Change
Revenue	$302,072	$118,965	+1.5%
Expenses	$116,211	$139,850	-0.2%
Net Income	$185,861	$-20,885	-9.9%

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

N/A

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
Pat Shipley	Trustee	001.00	Director	$0	$0	$0
Linda Shearer	Secretary	005.00	Officer Director	$0	$0	$0
Lisa Glasgo	Trustee	001.00	Director	$0	$0	$0
Lindsay Hogan	Trustee	001.00	Director	$0	$0	$0
Burton Heaton	Treasurer	002.00	Officer Director	$0	$0	$0
Ken Mallas	Trustee	001.00	Director	$0	$0	$0
Terry Evans	Vice President	001.00	Officer Director	$0	$0	$0
Don Kenworthy	President	001.00	Officer Director	$0	$0	$0
Jennifer Bissell	Trustee	001.00	Director	$0	$0	$0
Rachel Campbell	Trustee	001.00	Director	$0	$0	$0
Joe Erickson	Trustee	001.00	Director	$0	$0	$0
Julia Paul	Trustee	001.00	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	$302,072	$116,211	$838,685	$185,861
2024	$118,965	$139,850	$652,824	$-20,885
2023	$272,074	$171,625	$677,903	$100,449
2022	$151,498	$205,702	$577,454	$-54,204
2021	$143,712	$97,468	$631,658	$46,244
2020	$156,816	$85,517	$585,414	$71,299
2019	$97,594	$65,046	$508,889	$32,548

Corning Comm Sch Educational Foundation