FITCHBURG, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FSU FOUNDATION SUPPORTING ORGANIZATION INC, founded in 1999, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $421K, a strong 38% operating margin.
To support the educational endeavors of Fitchburg State University and Fitchburg State University Foundation Inc. by acquiring holding and operating and leasing real estate and related improvements.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,110,388 | $1,614,911 | -0.3% |
| Expenses | $689,034 | $1,606,035 | -0.6% |
| Net Income | $421,354 | $8,876 | +46.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Mahan | President | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| Richard Healey | Director | 0.10 |
Director
|
$0 | $0 | $0 |
| David Celuzza | Treasurer Clerk | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| Michael E Montuori | Director | 0.10 |
Director
|
$0 | $0 | $0 |
| Atty Carol Vittorioso | Director | 0.10 |
Director
|
$0 | $0 | $0 |
| Richard Lapidus | President FSU | 3.00 |
Director
Key Emp
|
$0 | $24,148 | $297,403 |
| Jay D Bry | V P of Finance Administration | 5.00 |
Director
Key Emp
|
$0 | $15,125 | $216,496 |
| Jeffrey Wolfman | V P Development | 0.00 |
Officer
Key Emp
|
$0 | $34,312 | $202,799 |
| Patricia Marshall | VP Academic Affairs Provost | 0.00 |
Key Emp
|
$0 | $24,148 | $221,745 |
| Laura Bayless | VP Student Affairs | 0.00 |
Key Emp
Highest
|
$0 | $34,312 | $197,700 |
| Nadimpalli Mahadev | Professor | 0.00 |
Highest
|
$0 | $34,312 | $232,969 |
| Paul Weizer | Professor | 0.00 |
Highest
|
$0 | $29,596 | $199,733 |
| Jessica Murdoch | VP of HR Payroll | 0.00 |
Key Emp
Highest
|
$0 | $24,148 | $182,225 |
| Natalia Kourtonina | Professor | 0.00 |
Highest
|
$0 | $15,479 | $206,128 |
| Xuzhou Chen | Professor | 0.00 |
Highest
|
$0 | $0 | $205,981 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,110,388 | $689,034 | $6,807,380 | $421,354 |
| 2023 | $1,614,911 | $1,606,035 | $7,835,400 | $8,876 |
| 2022 | $746,945 | $810,903 | $6,841,585 | $-63,958 |
| 2021 | $1,349,632 | $1,622,161 | $7,125,562 | $-272,529 |
Compare FSU FOUNDATION SUPPORTING ORGANIZATION INC with other nonprofits in Massachusetts and across the country.