MONTROSE FOUNDATION INC

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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

1978

Legal Domicile

Principal Officer

TOM CORRA

Phone

5083592423

Tax Period

2024-07-01 to 2025-06-30

MONTROSE FOUNDATION INC, founded in 1978, is a mid-sized nonprofit in the Education sector that reported $16.7M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 28% operating margin.

Mission

TO EDUCATE YOUNG WOMEN TO PURSUE THE TRUTH IN ALL THEY DO. BUILT ON THE FOUNDATION OF A RICH LIBERAL ARTS CURRICULUM, PERSONAL CHARACTER FORMATION, AND COLLABORATION WITH PARENTS, EACH STUDENT IS CHALLENGED TO CULTIVATE INTELLECT, CHARACTER, LEADERSHIP, SERVICE, FAITH AND REASON.

Program Service Accomplishments

Program 1

Expenses: $9,652,555 Revenue: $10,414,755

THE EDUCATION AND DEVELOPMENT OF LOCAL, NATIONAL, AND INTERNATIONAL YOUNG WOMEN FROM GRADES 612.

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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 $5,910,333

Program Service Revenue $10,414,755

Investment Income $389,220

Other Revenue $-22,857

TOTAL REVENUE $16,691,451

Expense Breakdown

Grants Paid $2,525,243

Salaries & Benefits $6,579,662

Fundraising Expenses $633,872

Program Expenses $9,652,555

Other Expenses $2,917,353

TOTAL EXPENSES $12,089,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,691,451	$13,853,391	+0.2%
Expenses	$12,089,078	$10,769,513	+0.1%
Net Income	$4,602,373	$3,083,878	+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

120

Volunteers

250

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

$250,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN ELROD	HEAD OF SCHOOL	50.00	Officer	$239,000	$11,475	$250,475
DONNA STROUSE	CFOO AND ASSIST HEAD OF SCHOOL	50.00		$211,320	$25,480	$236,800
KELLY MELLEY	DIR. OF ENROLLMENT	40.00		$104,400	$36,603	$141,003
REBECCA ROBERTS	ASSIST HEAD OF SCH	40.00		$130,200	$6,616	$136,816
BARBARA WHITLOCK	DIR. OF CURRICULUM	40.00		$120,200	$6,591	$126,791
JESSICA HALTON	DIR OF ADVANCEMENT	40.00		$123,496	$0	$123,496
WILLIAM NOONAN	Chairman	5.00	Officer Director	$0	$0	$0
TOM CORRA	Treasurer	5.00	Officer Director	$0	$0	$0
JANE DRIVER	CLERK/SECRETARY	2.00	Officer Director	$0	$0	$0
ERIKA BACHIOCHI	Trustee	2.00	Director	$0	$0	$0
WILLIAM BOWMAN	Trustee	2.00	Director	$0	$0	$0
TODD CASSLER	Trustee	2.00	Director	$0	$0	$0
ELIZABETH DAHER FASSE	Trustee	2.00	Director	$0	$0	$0
MELANIE FRANCIS	Trustee	2.00	Director	$0	$0	$0
NEIL JACOB	vice chair	2.00	Officer Director	$0	$0	$0
MIKE ROBERTO	Trustee	2.00	Director	$0	$0	$0
KESTAS SEREIVA	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
2025	$16,691,451	$12,089,078	$26,831,781	$4,602,373
2024	$13,853,391	$10,769,513	$21,821,037	$3,083,878
2023	$9,184,798	$9,212,452	$17,957,384	$-27,654
2022	$7,647,629	$8,304,924	$17,933,464	$-657,295
2021	$8,753,750	$8,219,007	$18,590,536	$534,743
2020	$7,342,546	$7,173,157	$19,504,463	$169,389
2019	$6,216,709	$6,829,970	$18,479,525	$-613,261
2018	$5,946,109	$6,053,489	$19,317,706	$-107,380