The Island School Foundation Inc (EIN 900475575) - 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

2009

Legal Domicile

Principal Officer

Louis Sarkes

Phone

9419648016

Tax Period

2024-07-01 to 2025-06-30

The Island School Foundation Inc, founded in 2009, is a small nonprofit in the Education sector that reported $819K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $344K, a strong 42% operating margin.

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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 $247,503

Program Service Revenue $0

Investment Income $571,373

Other Revenue $0

TOTAL REVENUE $818,876

Expense Breakdown

Grants Paid $454,000

Salaries & Benefits $0

Fundraising Expenses $574

Program Expenses $454,000

Other Expenses $21,320

TOTAL EXPENSES $475,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$818,876	$1,080,226	-0.2%
Expenses	$475,320	$448,852	+0.1%
Net Income	$343,556	$631,374	-0.5%

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
Mary Johnston	Chair	4.00	Officer Director	$0	$0	$0
Rick Ganong	Vice Chair	4.00	Officer Director	$0	$0	$0
Louis Sarkes	Treasurer	4.00	Officer Director	$0	$0	$0
Edward Wilson	Secretary	4.00	Officer Director	$0	$0	$0
Brent Cross	Trustee	4.00	Director	$0	$0	$0
Kathy Gregg	Trustee	4.00	Director	$0	$0	$0
Harry Haddad	Trustee	4.00	Director	$0	$0	$0
Brian Hogan	Trustee	4.00	Director	$0	$0	$0
Chris Keller	Trustee	4.00	Director	$0	$0	$0
Mary Kountze	Trustee	4.00	Director	$0	$0	$0
Anne Poole	Trustee	4.00	Director	$0	$0	$0
Joe Siman	Trustee	4.00	Director	$0	$0	$0
Pierce Walmsley	Trustee	4.00	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	$818,876	$475,320	$11,884,572	$343,556
2024	$1,080,226	$448,852	$10,747,546	$631,374
2023	$492,332	$498,724	$9,577,411	$-6,392
2022	$551,779	$475,584	$8,938,826	$76,195
2021	$1,155,465	$377,761	$10,810,391	$777,704
2020	$778,628	$375,398	$8,525,918	$403,230
2019	$875,614	$288,560	$8,251,320	$587,054

The Island School Foundation Inc