FRAMINGHAM STATE UNIVERSITY FOUNDA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

ERIC GUSTAFSON

Phone

5086264668

Tax Period

2023-07-01 to 2024-06-30

FRAMINGHAM STATE UNIVERSITY FOUNDATION INC, founded in 1983, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 13% surplus.

Mission

TO RECEIVE AND MAINTAIN FUNDS TO BE USED IN THE BEST INTEREST OF FRAMINGHAM STATE UNIVERSITY FOR THE DEVELOPMENT, PROMOTION AND BENEFIT OF THE UNIVERSITY AND ITS STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,495,266

PROVIDE SCHOLARSHIPS AND AWARDS TO BENEFIT FRAMINGHAM STATE UNIVERSITY AND ITS STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,637,486

Program Service Revenue $0

Investment Income $462,756

Other Revenue $0

TOTAL REVENUE $2,100,242

Expense Breakdown

Grants Paid $1,465,445

Salaries & Benefits $0

Fundraising Expenses $150,981

Program Expenses $1,495,266

Other Expenses $371,242

TOTAL EXPENSES $1,836,687

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,100,242	$2,093,585	+0.0%
Expenses	$1,836,687	$1,833,552	+0.0%
Net Income	$263,555	$260,033	+0.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$230,549

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ROBERT BONNEVIE	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE ESTEN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN FOLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN FREEMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL GATLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
HON BARBARA GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET GUARDIANI	CLERK	1.00	Officer Director	$0	$0	$0
JAMES HASTINGS	TREASURER	1.00	Officer Director	$0	$0	$0
DR HELEN HEINEMAN	DIRECTOR	1.00	Director	$0	$0	$0
PERVEZ MAZEED	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PALOWICH JR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT POWER	DIRECTOR	1.00	Director	$0	$0	$0
DR DANIEL REMILLARD	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MURTAUGH	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS ALVES	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DEVINE	DIRECTOR	1.00	Director	$0	$0	$0
DR DUC LE	DIRECTOR	1.00	Director	$0	$0	$0
JUAN RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
ERIC GUSTAFSON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$69,551	$230,549

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	No data	No data	No data	No data
2024	$2,100,242	$1,836,687	$16,801,842	$263,555
2023	$2,093,585	$1,833,552	$15,376,898	$260,033
2022	$3,151,073	$1,564,737	$14,388,936	$1,586,336
2021	$2,859,783	$1,209,605	$15,369,657	$1,650,178
2020	$1,587,487	$1,101,787	$12,117,325	$485,700
2019	$1,446,491	$1,094,220	$12,141,047	$352,271

FRAMINGHAM STATE UNIVERSITY FOUNDATION INC