LORRAINE D FOSTER DAY SCHOOL INC

EIN: 060766714 501(c)(3) Education

ESSEX, CT

Total Revenue
$11,164
Total Expenses
$708,492
Total Assets
N/A
Net Assets
N/A
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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
1975
Legal Domicile
CT
Phone
2032304877
Tax Period
2022-07-01 to 2023-06-30

LORRAINE D FOSTER DAY SCHOOL INC, founded in 1975, is a micro nonprofit in the Education sector that reported $11K in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $708K exceeded revenue, resulting in a 6246% operating deficit.

Mission

EDUCATION

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,197
Other Revenue $8,967
TOTAL REVENUE $11,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $667,784
Fundraising Expenses $0
Program Expenses $708,492
Other Expenses $40,708
TOTAL EXPENSES $708,492

Year-over-Year Comparison

2022 2021 Change
Revenue $11,164 $1,128,292 -1.0%
Expenses $708,492 $1,101,927 -0.4%
Net Income $-697,328 $26,365 -27.4%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
7
Volunteers
3

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
2
$0
Total Directors
3
$311,524
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HERBERT MARSH TREASURER 1.00
Officer
$0 $0 $0
HENRY PAPER SECRETARY 1.00
Officer
$0 $0 $0
CHRISTINE KIRSCHENBAUM MEMBER 40.00
Director
$118,249 $0 $118,249
DOMINIQUE FONTAINE EX DIRECTOR 40.00
Director
$193,275 $0 $193,275
JOHN MCGAVACK JR PRESIDENT 1.00
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
2023 $11,164 $708,492 No data $-697,328
2022 $1,128,292 $1,101,927 $748,687 $26,365
2021 $989,982 $979,331 $896,187 $10,651
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