FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION (EIN 862719897) - 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

2021

Legal Domicile

Principal Officer

Stephanie Paine

Phone

2078318319

Tax Period

2024-01-01 to 2024-12-31

FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION, founded in 2021, is a small nonprofit that reported $161K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $150K, a strong 93% operating margin.

Mission

To provide scholarships for students graduating from Freeport High School in Freeport, Maine to pursue post-secondary education. Goal is to provide up to 4 students per year with scholarship assistance equal to $5,000 per year for up to 4 years to attend 4 year college and 4 students per year with scholarship assistance equal to$4,000 per year for up to 2 years to attend technical school.

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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 $131,133

Program Service Revenue $0

Investment Income $30,040

Other Revenue $0

TOTAL REVENUE $161,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $11,206

TOTAL EXPENSES $11,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,173	$244,508	-0.3%
Expenses	$11,206	$50,706	-0.8%
Net Income	$149,967	$193,802	-0.2%

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
Stephanie Paine	President	10.00	Director	$0	$0	$0
Meghan Palmer	Director	2	Director	$0	$0	$0
Michelle Bosse	Director	2.00	Director	$0	$0	$0
Jennifer Gulko	Director	2	Director	$0	$0	$0
Sarah Tracy	Director	2	Director	$0	$0	$0
John Stivers	Director	2	Director	$0	$0	$0
Becky Foley	Director	2	Director	$0	$0	$0
Jennifer Galetta	Director	2	Director	$0	$0	$0
John Paterson	Secretary	2.00	Director	$0	$0	$0
Kala Hamilton	Vice President	2	Director	$0	$0	$0
Kim Wing	Director	2	Director	$0	$0	$0
Scott Ross	Treasurer	3	Director	$0	$0	$0
Kristen Rowe	Director	2	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
2024	$161,173	$11,206	$1,520,058	$149,967
2023	$244,508	$50,706	$1,305,493	$193,802
2022	$272,714	$12,480	$1,049,042	$260,234
2021	$734,985	$6,277	$952,725	$728,708

FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION