MONTROSE FOUNDATION INC

EIN: 042668765 501(c)(3) Education

MEDFIELD, MA

Total Revenue
$16,691,451
Total Expenses
$12,089,078
Total Assets
$26,831,781
Net Assets
$20,734,516
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MA
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.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
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
5
$250,475
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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