THE NEEDHAM EDUCATION FOUNDATION I… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

STEPHANIE WALLACE

Phone

6173348015

Tax Period

2024-09-01 to 2025-08-31

THE NEEDHAM EDUCATION FOUNDATION INC, founded in 1990, is a small nonprofit in the Education sector that reported $130K in total revenue in fiscal year 2024. The organization ran a surplus of $34K, a strong 26% operating margin.

Mission

THE NEEDHAM EDUCATION FOUNDATION IS AN INDEPENDENT COMMUNITY-BASED ORGANIZATION THAT RAISES FUNDS FOR THE ENRICHMENT OF PUBLIC SCHOOL CHILDREN IN NEEDHAM, MASSACHUSETTS. WE FUND GRANTS THAT PROMOTE INNOVATION AND EXCELLENCE FROM PRE-KINDERGARTEN THROUGH HIGH SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $86,005 Revenue: $18,727

GRANTS ARE AWARDED TO SUPPLEMENT ELEMENTARY, MIDDLE, AND HIGH SCHOOL PROGRAMS AND STUDENTS.

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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 $52,723

Program Service Revenue $2,733

Investment Income $60,054

Other Revenue $14,008

TOTAL REVENUE $129,518

Expense Breakdown

Grants Paid $65,896

Salaries & Benefits $12,532

Fundraising Expenses $4,940

Program Expenses $86,005

Other Expenses $17,321

TOTAL EXPENSES $95,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,518	$134,176	0.0%
Expenses	$95,749	$290,192	-0.7%
Net Income	$33,769	$-156,016	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE WALLACE	TREASURER	1.00	Officer Director	$0	$0	$0
AMY CHAN	DIRECTOR	0.00	Director	$0	$0	$0
DAVID LINDE	DIRECTOR	0.00	Director	$0	$0	$0
MARGARET SHAPIRO	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTINE DESROSIERS	DIRECTOR	0.00	Director	$0	$0	$0
JESSICA CLAYSON	DIRECTOR	0.00	Director	$0	$0	$0
KATHLEEN ALWART	DIRECTOR	0.00	Director	$0	$0	$0
SHEA DUCA	DIRECTOR	0.00	Director	$0	$0	$0
NICOLE HAGLER	DIRECTOR	0.00	Director	$0	$0	$0
JENNY ADU	DIRECTOR	0.00	Director	$0	$0	$0
DAN LEVINE	DIRECTOR	0.00	Director	$0	$0	$0
DAYNA DICICCO	DIRECTOR	0.00	Director	$0	$0	$0
KIM FORNESS	DIRECTOR	0.00	Director	$0	$0	$0
MEAGHAN MARTIN	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTINA MATHEWS	DIRECTOR	0.00	Director	$0	$0	$0
GABI OLIVEIRA	DIRECTOR	0.00	Director	$0	$0	$0
MEGAN MCQUIVEY	DIRECTOR	0.00	Director	$0	$0	$0
CINZIA SOLARI	DIRECTOR	0.00	Director	$0	$0	$0
MARISSA TRAEGER	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
MAUREEN TROWBRIDGE	DIRECTOR	0.00	Director	$0	$0	$0
MELISSA BAUCOM	DIRECTOR	0.00	Director	$0	$0	$0
ANDREA CUNNINGHAM	CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTI DALY	DIRECTOR	0.00	Director	$0	$0	$0
EMILY DILL	DIRECTOR	0.00	Director	$0	$0	$0
MEREDITH FRIEND	DIRECTOR	0.00	Director	$0	$0	$0
JEN MURRAY	DIRECTOR	0.00	Director	$0	$0	$0
KYUNG PARK	DIRECTOR	0.00	Director	$0	$0	$0
DYANNA COTTER	DIRECTOR	0.00	Director	$0	$0	$0
ERIN GOODWIN	DIRECTOR	0.00	Director	$0	$0	$0
JACKIE PERSUIT	DIRECTOR	0.00	Director	$0	$0	$0
JESS POLIQUIN	DIRECTOR	0.00	Director	$0	$0	$0
KATIE DITTMER	DIRECTOR	0.00	Director	$0	$0	$0
KATIE FEINS	DIRECTOR	0.00	Director	$0	$0	$0
DEREK STAMM	DIRECTOR	0.00	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	$129,518	$95,749	$1,713,868	$33,769
2024	$134,176	$290,192	$1,571,940	$-156,016
2023	$169,520	$146,527	$1,534,281	$22,993
2022	$156,587	$94,046	$1,500,901	$62,541
2021	$313,155	$448,310	$1,774,391	$-135,155
2020	$164,817	$127,130	$1,839,312	$37,687
2019	$200,860	$127,726	$1,647,821	$73,134
2018	$194,544	$121,505	$1,647,287	$73,039

THE NEEDHAM EDUCATION FOUNDATION INC