DAVIS EDUCATIONAL FOUNDATION

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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

1985

Legal Domicile

Principal Officer

Yvonne B Mumme

Phone

2078469132

Tax Period

2023-01-01 to 2023-12-31

DAVIS EDUCATIONAL FOUNDATION, founded in 1985, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 9% surplus.

Mission

To strengthen the undergraduate programs of public and private, regionally accredited baccalaureate degree granting colleges and universities located in New England through grants.

Program Service Accomplishments

Program 1

Expenses: $2,568,084 Revenue: $50,526

Grants made to colleges and universities in New England from organization assets, including direct investment related costs. See Schedule I for grants approved.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,335,909

Other Revenue $260,845

TOTAL REVENUE $3,596,754

Expense Breakdown

Grants Paid $2,161,831

Salaries & Benefits $694,314

Fundraising Expenses $0

Program Expenses $2,568,084

Other Expenses $417,845

TOTAL EXPENSES $3,273,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,596,754	$2,690,787	+0.3%
Expenses	$3,273,990	$4,986,116	-0.3%
Net Income	$322,764	$-2,295,329	-1.1%

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

$188,645

Total Directors

$135,867

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leanne Greeley Bond	Director of Grants & Programs	40	Highest	$138,610	$25,223	$163,833
Yvonne B Mumme	Chief Finance & Admin. Officer	36	Officer	$129,810	$18,835	$148,645
Edward MacKay	Chair	12	Officer Director	$40,000	$0	$40,000
Sister M Therese Antone	Trustee	8	Director	$25,000	$0	$25,000
Dennis Berkey	Trustee	8	Director	$25,000	$0	$25,000
Richard Freeland	Trustee	8	Director	$25,000	$0	$25,000
A Clayton Spencer	Trustee	8	Director	$16,667	$0	$16,667
Judith B Wittenberg	Past Trustee	8	Director	$4,200	$0	$4,200
William Wheeler	Trustee	8	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
2024	No data	No data	No data	No data
2023	$3,596,754	$3,273,990	$118,326,807	$322,764
2022	$2,690,787	$4,986,116	$103,795,591	$-2,295,329
2021	$9,135,716	$5,401,598	$128,309,090	$3,734,118
2020	$4,067,678	$7,457,806	$118,032,353	$-3,390,128
2019	$-305,919	$3,579,668	$111,921,358	$-3,885,587
2018	$3,010,594	$4,117,070	$96,718,320	$-1,106,476