ASHLAND SCHOOLS FOUNDATION (EIN 931011227) - 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

CATHERINE LUTES

Phone

5414828197

Tax Period

2024-07-01 to 2025-06-30

ASHLAND SCHOOLS FOUNDATION, founded in 1989, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 391% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT QUALITY EDUCATION IN THE ASHLAND PUBLIC SCHOOLS THROUGH FUNDRAISING IN THE COMMUNITY.

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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 $1,141,845

Program Service Revenue $0

Investment Income $18,544

Other Revenue $47,875

TOTAL REVENUE $1,208,264

Expense Breakdown

Grants Paid $1,051,036

Salaries & Benefits $121,408

Fundraising Expenses $0

Program Expenses $1,121,390

Other Expenses $45,480

TOTAL EXPENSES $1,217,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,208,264	$246,090	+3.9%
Expenses	$1,217,924	$280,993	+3.3%
Net Income	$-9,660	$-34,903	-0.7%

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

$86,844

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICA THOMPSON	EXECUTIVE DIRECTOR	40.00	Director	$86,844	$0	$86,844
JAMES HETLAND	PRESIDENT	3.00	Officer Director	$0	$0	$0
PAM SHAY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
CHEYENNE NICHOLS	TREASURER	3.00	Officer Director	$0	$0	$0
TRACEY HOWELL	SECRETARY	2.00	Officer Director	$0	$0	$0
DON EWALT	DIRECTOR	2.00	Director	$0	$0	$0
ELAINE HAMLIN	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA JAQUES	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE LUTES	DIRECTOR	2.00	Director	$0	$0	$0
MIRA PETERSON ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
JULIE ODA GRANTHAM	DIRECTOR	2.00	Director	$0	$0	$0
AMY STEWART	DIRECTOR	2.00	Director	$0	$0	$0
DUSTIN WAY	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM BECKETT	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE GREEN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL GULLO	DIRECTOR	2.00	Director	$0	$0	$0
SESSCEAL REYNOLDS	DIRECTOR	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
2025	$1,208,264	$1,217,924	$1,583,279	$-9,660
2024	No data	No data	No data	No data
2024	$246,090	$280,993	$1,473,757	$-34,903
2023	$288,608	$334,880	$1,410,864	$-46,272
2022	$477,231	$380,048	$1,394,480	$97,183
2021	$367,433	$279,592	$1,365,036	$87,841
2020	$289,273	$341,829	$1,044,749	$-52,556
2019	$464,173	$309,281	$1,100,663	$154,892
2018	$648,650	$674,631	$910,811	$-25,981

ASHLAND SCHOOLS FOUNDATION