FINANCIAL ASSISTANCE FOR INDEPENDENT SCHOOLS (EIN 860985485) - 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

2000

Legal Domicile

Principal Officer

LAURA KEATHLEY

Phone

6023898600

Tax Period

2023-07-01 to 2024-06-30

FINANCIAL ASSISTANCE FOR INDEPENDENT SCHOOLS, founded in 2000, is a small nonprofit in the Education sector that reported $526K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $620K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ORGANIZATION AWARDS SCHOLARSHIPS TO STUDENTS THAT ATTEND PRIVATE SCHOOLS IN THE STATE OF ARIZONA, PURSUANT TO ARS 43-1603 AND 43-1503.

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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 $521,489

Program Service Revenue $0

Investment Income $4,328

Other Revenue $0

TOTAL REVENUE $525,817

Expense Breakdown

Grants Paid $599,912

Salaries & Benefits $0

Fundraising Expenses $6,869

Program Expenses $599,912

Other Expenses $20,504

TOTAL EXPENSES $620,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,817	$809,308	-0.4%
Expenses	$620,416	$827,073	-0.2%
Net Income	$-94,599	$-17,765	+4.3%

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
LAURA KEATHLEY	President	1.00	Officer Director	$0	$0	$0
ELIANA MAZEL	Secretary	1.00	Officer Director	$0	$0	$0
MARK PICKEREL	Treasurer	1.00	Officer Director	$0	$0	$0
CHANTAL GREGG	Secretary	1.00	Officer Director	$0	$0	$0
RO AYERS	Director	1.00	Director	$0	$0	$0
KRISTA NORTHCUTT	Vice President	1.00	Officer 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	No data	No data	No data	No data
2024	$525,817	$620,416	$1,830,038	$-94,599
2023	$809,308	$827,073	$1,924,637	$-17,765
2022	$1,057,427	$878,923	$1,942,402	$178,504
2021	$898,515	$334,432	$1,758,898	$564,083
2020	$915,336	$725,157	$1,189,315	$190,179
2019	$1,042,158	$838,890	$999,136	$203,268
2018	$859,511	$802,657	$795,868	$56,854

FINANCIAL ASSISTANCE FOR INDEPENDENT SCHOOLS