SCHOOL FOR FIELD STUDIES INC

EIN: 042711596 501(c)(3)

PITTSFIELD, MA

Total Revenue
$14,110,313
Total Expenses
$14,231,185
Total Assets
$11,197,484
Net Assets
$3,331,285
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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
1980
Legal Domicile
MA
Principal Officer
KATLYN OSGOOD ARMSTRONG
Phone
9787413544
Tax Period
2023-09-01 to 2024-08-31

SCHOOL FOR FIELD STUDIES INC, founded in 1980, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2023.

Mission

SFS CREATES TRANSFORMATIVE STUDY ABROAD EXPERIENCES THROUGH FIELD-BASED LEARNING AND RESEARCH. OUR EDUCATIONAL PROGRAMS EXPLORE THE HUMAN AND ECOLOGICAL DIMENSIONS OF THE COMPLEX ENVIRONMENTAL PROBLEMS FACED BY OUR LOCAL PARTNERS, CONTRIBUTING TO SUSTAINABLE SOLUTIONS IN THE PLACES WHERE WE LIVE AND WORK. THE SFS COMMUNITY IS PART OF A GROWING NETWORK OF INDIVIDUALS AND INSTITUTIONS COMMITTED TO ENVIRONMENTAL STEWARDSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $795,924
Program Service Revenue $13,231,571
Investment Income $82,818
Other Revenue $0
TOTAL REVENUE $14,110,313

Expense Breakdown

Grants Paid $425,274
Salaries & Benefits $6,630,940
Fundraising Expenses $171,029
Program Expenses $12,377,694
Other Expenses $7,174,971
TOTAL EXPENSES $14,231,185

Year-over-Year Comparison

2023 2022 Change
Revenue $14,110,313 $13,456,830 +0.0%
Expenses $14,231,185 $12,771,318 +0.1%
Net Income $-120,872 $685,512 -1.2%
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

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Governance

Voting Members
15
Independent Members
15
Employees
52
Volunteers
17

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
$379,251
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY ANDREAS CHAIR 2.00
Officer Director
$0 $0 $0
JOHN WAGGETT VICE CHAIR 2.00
Officer Director
$0 $0 $0
JAMES JACKSON TREASURER 2.00
Officer Director
$0 $0 $0
DARREN ARONOFSKY TRUSTEE 2.00
Director
$0 $0 $0
JENNIE DEAN TRUSTEE 2.00
Director
$0 $0 $0
ANGELA FOSTER-RICE TRUSTEE 2.00
Director
$0 $0 $0
VICTOR IMBIMBO TRUSTEE 2.00
Director
$0 $0 $0
CARRIE JENKS TRUSTEE 2.00
Director
$0 $0 $0
SHAUN MARTIN TRUSTEE 2.00
Director
$0 $0 $0
ERIC OLSON TRUSTEE 2.00
Director
$0 $0 $0
CLIFF ROBERTS TRUSTEE 2.00
Director
$0 $0 $0
AJA SZUMYLO TRUSTEE 2.00
Director
$0 $0 $0
JAMES TOZER TRUSTEE 2.00
Director
$0 $0 $0
CHRISTY UCHIDA TRUSTEE 2.00
Director
$0 $0 $0
COURTENAY CABOT VENTON TRUSTEE 2.00
Director
$0 $0 $0
SONAL DALAL TRUSTEE UNTIL 10/2023 2.00
Director
$0 $0 $0
TOMOKO HABER TRUSTEE UNTIL 10/2023 2.00
Director
$0 $0 $0
KATLYN OSGOOD-ARMSTRONG CHIEF OPERATING OFFICER 40.00
Officer
$116,367 $42,666 $159,033
JAMES CRAMER PRESIDENT & SECRETARY 40.00
Officer
$195,406 $24,812 $220,218
YIZETTE BONIFACIO VP OF FINANCE 40.00
Highest
$109,899 $39,771 $149,670
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 $14,110,313 $14,231,185 $11,197,484 $-120,872
2023 $13,456,830 $12,771,318 $9,791,139 $685,512
2022 $8,382,638 $8,597,324 $6,829,658 $-214,686
2021 $3,036,035 $3,856,325 $5,278,394 $-820,290
2020 $13,040,888 $10,201,249 $5,272,541 $2,839,639
2019 $10,850,878 $11,658,454 $5,065,183 $-807,576
2018 $10,161,138 $10,020,649 $5,497,956 $140,489
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