NORTH THURSTON EDUCATION FOUNDATION (EIN 911433235) - 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

1989

Legal Domicile

Principal Officer

JERRY LONG

Phone

3606283281

Tax Period

2023-08-01 to 2024-07-31

NORTH THURSTON EDUCATION FOUNDATION, founded in 1989, is a small nonprofit that reported $698K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Net assets of $2.4M represent 41 months of operating reserves.

Mission

TO ENHANCE EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL EXCELLENCE FOR STUDENTS OF THE NORTH THURSTON PUBLIC SCHOOLS (NTPS).

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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 $539,689

Program Service Revenue $0

Investment Income $92,414

Other Revenue $65,525

TOTAL REVENUE $697,628

Expense Breakdown

Grants Paid $556,327

Salaries & Benefits $135,595

Fundraising Expenses $40,678

Program Expenses $650,185

Other Expenses $53,179

TOTAL EXPENSES $745,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$697,628	$473,361	+0.5%
Expenses	$745,101	$767,795	0.0%
Net Income	$-47,473	$-294,434	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAKE KNOBLAUCH	PRESIDENT	5.00	Officer Director	$0	$0	$0
BETH UTTO-GALARNEAU	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JERRY LONG	TREASURER	5.00	Officer Director	$0	$0	$0
BECKY CARVER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT ALMADA	TRUSTEE	2.00	Director	$0	$0	$0
DAVID CRANE	TRUSTEE	2.00	Director	$0	$0	$0
CASEY CRAWFORD	TRUSTEE	2.00	Director	$0	$0	$0
BRENDA MCAFERTY	TRUSTEE	2.00	Director	$0	$0	$0
DAVID NEWKIRK	TRUSTEE	2.00	Director	$0	$0	$0
VERONICA SHRIVER	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE FORREY	TRUSTEE	2.00	Director	$0	$0	$0
DR JENNIFER THOMAS	TREASURER	2.00	Director	$0	$0	$0
ERIC ZABALA	TRUSTEE	2.00	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
2024	$697,628	$745,101	$2,388,887	$-47,473
2023	$473,361	$767,795	$2,330,570	$-294,434
2022	$475,845	$817,877	$2,688,716	$-342,032
2021	$600,568	$519,745	$3,407,409	$80,823
2020	$360,439	$536,702	$3,059,079	$-176,263

NORTH THURSTON EDUCATION FOUNDATION