THE FOUNDATION SCHOOL INC

EIN: 060813498 501(c)(3)

ORANGE, CT

Total Revenue
$4,600,110
Total Expenses
$4,668,087
Total Assets
$17,891,006
Net Assets
$17,756,610
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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
1966
Legal Domicile
CT
Principal Officer
STEPHEN BELL
Phone
2038771426
Tax Period
2023-07-01 to 2024-06-30

THE FOUNDATION SCHOOL INC, founded in 1966, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Net assets of $17.8M represent 46 months of operating reserves.

Mission

PROVIDING EDUCATIONAL PROGRAMS FOR SPECIAL NEEDS STUDENTS IN GRADES K-12

Program Service Accomplishments

Program 1
Expenses: $3,882,113 Revenue: $4,136,420

SPECIAL EDUCATION STUDENT INSTRUCTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,278
Program Service Revenue $4,136,420
Investment Income $461,485
Other Revenue $927
TOTAL REVENUE $4,600,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,981,364
Fundraising Expenses $0
Program Expenses $3,882,113
Other Expenses $686,723
TOTAL EXPENSES $4,668,087

Year-over-Year Comparison

2023 2022 Change
Revenue $4,600,110 $4,416,154 +0.0%
Expenses $4,668,087 $4,621,525 +0.0%
Net Income $-67,977 $-205,371 -0.7%
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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Governance

Voting Members
3
Independent Members
1
Employees
40
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
3
$340,000
Total Directors
3
$340,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN BELL PRESIDENT/TREASURER 37.50
Officer Director
$170,000 $0 $170,000
ADAM BELL SECRETARY 37.50
Officer Director
$170,000 $0 $170,000
BARNEY BURNS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
A PICCERILLO UNIT DIRECTOR 37.50
Highest
$144,000 $0 $144,000
NICHOLAS HUSKES UNIT DIRECTOR 37.50
Highest
$144,000 $0 $144,000
CHERYL CERASO SPEECH THERAPIST 37.50
Highest
$112,000 $0 $112,000
AKSENA VARAPAI UNIT DIRECTOR 37.50
Highest
$144,000 $0 $144,000
C STRATTON DIRECTOR 37.50
Highest
$110,000 $0 $110,000
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 $4,600,110 $4,668,087 $17,891,006 $-67,977
2023 $4,416,154 $4,621,525 $16,480,227 $-205,371
2022 $4,758,154 $4,876,502 $15,756,046 $-118,348
2021 $4,881,535 $5,022,978 $17,652,377 $-141,443
2020 $5,119,938 $5,195,725 $15,969,663 $-75,787
2019 $5,737,572 $5,155,906 $15,851,957 $581,666
2018 $6,065,639 $5,093,211 $14,856,869 $972,428
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