THE FOOTE SCHOOL ASSOCIATION INCORPORATED (EIN 060646647) - Form 990 Financial Analysis & Trantor Score

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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

1916

Legal Domicile

Principal Officer

JEANNIE RUMSEY

Phone

2037773464

Tax Period

2023-07-01 to 2024-06-30

THE FOOTE SCHOOL ASSOCIATION INCORPORATED, founded in 1916, is a mid-sized nonprofit in the Education sector that reported $17.3M in total revenue in fiscal year 2023. Net assets of $45.2M represent 31 months of operating reserves.

Mission

EMPOWER CHILDREN TO LEAD WITH COURAGE, COMPASSION, AND PURPOSE.

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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 $1,292,054

Program Service Revenue $14,933,860

Investment Income $1,113,735

Other Revenue $0

TOTAL REVENUE $17,339,649

Expense Breakdown

Grants Paid $2,631,288

Salaries & Benefits $11,070,560

Fundraising Expenses $617,957

Program Expenses $14,373,665

Other Expenses $4,269,614

TOTAL EXPENSES $17,971,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,339,649	$16,066,421	+0.1%
Expenses	$17,971,462	$17,073,591	+0.1%
Net Income	$-631,813	$-1,007,170	-0.4%

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

237

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

$611,676

Total Directors

$419,387

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE JOSEPH	TRUSTEE	2.00	Director	$0	$0	$0
EMILY BRENNER	SECRETARY/TRUSTEE	5.00	Officer Director	$0	$0	$0
KAVITHA BINDRA	PRESIDENT/TRUSTEE	5.00	Officer Director	$0	$0	$0
GEERT ROUWENHORST	TREAS/TRUSTEE	5.00	Officer Director	$0	$0	$0
SHIRIN ADELMAN	TRUSTEE	2.00	Director	$0	$0	$0
DANIELLE GINNETTI	TRUSTEE	2.00	Director	$0	$0	$0
ELON BOMS	TRUSTEE	2.00	Director	$0	$0	$0
MONA GOHARA	TRUSTEE	2.00	Director	$0	$0	$0
WICK CHAMBERS	TRUSTEE	2.00	Director	$0	$0	$0
ANNETTE CHARLES	CO-VP/TRUSTEE	5.00	Officer Director	$0	$0	$0
MIKE CAPLAN	TRUSTEE	2.00	Director	$0	$0	$0
MARYANN CHOHAN	TRUSTEE	2.00	Director	$0	$0	$0
JESSIE HILL	TRUSTEE	2.00	Director	$0	$0	$0
ALEWA COOPER	HEAD OF SCHOOL	40.00	Officer Director	$369,684	$49,703	$419,387
TY SULLIVAN	TRUSTEE	2.00	Director	$0	$0	$0
ANDY RAPKIN	VP/TRUSTEE	5.00	Officer Director	$0	$0	$0
RONALD COLEMAN	TRUSTEE	2.00	Director	$0	$0	$0
BRETT WEISS	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER LUCARELLI	COMMUNITY BLDG COMM CHAIR	2.00	Director	$0	$0	$0
BRUCE SEYMOUR	COMMUNITY BLDG COMM V-CHAIR	2.00	Director	$0	$0	$0
REBECCA GOOD	TRUSTEE	2.00	Director	$0	$0	$0
MAI WU	TRUSTEE	2.00	Director	$0	$0	$0
JINYUNG RUMSEY	CFO	40.00	Officer	$164,118	$28,171	$192,289
PAMELA FORTIN	DIRECTOR OF OP & INFO TECH	40.00	Highest	$160,187	$22,359	$182,546
JODY ABZUG	DEVELOPMENT DIRECTOR	40.00	Highest	$137,956	$20,894	$158,850
BARRINGTON FULTON	HEAD OF MIDDLE SCHOOL	40.00	Highest	$145,793	$21,194	$166,987
MICHAEL MCCABE	DATA SERVICES MANAGER	40.00	Highest	$112,845	$19,023	$131,868
FRANCES MOORE	DIR OF MARKETING & COMM	40.00	Highest	$104,523	$24,644	$129,167

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	$17,339,649	$17,971,462	$50,150,667	$-631,813
2023	$16,066,421	$17,073,591	$48,816,005	$-1,007,170
2022	$17,181,198	$16,605,075	$45,302,394	$576,123
2021	$16,911,758	$15,536,632	$50,134,849	$1,375,126
2020	$24,866,319	$15,375,678	$46,550,693	$9,490,641
2019	$16,625,405	$15,366,017	$36,850,118	$1,259,388

THE FOOTE SCHOOL ASSOCIATION INCORPORATED