NORWALK EDUCATION FOUNDATION INC

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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

Principal Officer

MARGARET COSTA

Phone

2038544068

Tax Period

2020-07-01 to 2021-06-30

NORWALK EDUCATION FOUNDATION INC is a micro nonprofit in the Education sector that reported $23K in total revenue in fiscal year 2020. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 56% operating deficit.

Mission

THE NORWALK EDUCATION FOUNDATION'S MISSION IS TO PROVIDE SUPPORT FOR WHOLE STUDENT LEARNING EXPERIENCES AND ENRICH TEACHING PRACTICES. THIS IS ACCOMPLISHED BY COLLABORATING WITH COMMUNITY PARTNERS TO FUND PROGRAMS THAT ENHANCE STUDENT LEARNING, PROMOTE STUDENT WELL-BEING, AND EXPAND TEACHER RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $6,739

CLASSROOM GRANTS FOR EXCELLENCE - EACH YEAR, NEF AWARDS GRANTS FOR PROPOSALS IN ALL SUBJECT AREAS THAT FOSTER, AMONG OTHER CRITERIA, OVERALL VALUE AND CREATIVITY, COLLABORATING AMONG GRADES, CLASSES AND CULTURES, PARTNERSHIPS WITH PARENTS AND THE COMMUNITY, MEETING CURRICULUM OBJECTIVES, IMPROVING OPPORTUNITY AND ACHIVEMENT, A CLEARLY DEFINED EVALUATION PROCESS, LONG TERM SUSTAINABILITY, AND REPLICATION POTENTIAL FOR OTHER SCHOOLS.

Program 2

Expenses: $2,114

EXCELLENCE IN EDUCATION AWARDS - THE EXCELLENCE IN EDUCATION AWARDS WERE LAUNCHED DURING FISCAL YEAR 2017. THE PROGRAM RECOGNIZES TEACHERS FROM NORWALK PUBLIC SCHOOLS FOR THEIR EXCELLENCE THROUGHOUT...

Program 3

Expenses: $9,668

STUDENT LEARNING & WELL BEING - STUDENT LEARNING & WELL-BEING FOCUSES ON THE OVERALL WELLNESS OF THE STUDENTS BY PROVIDING ACTIVITIES FOCUSED ON THE MENTAL HEALTH AND FITNESS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $21,237

Program Service Revenue $0

Investment Income $103

Other Revenue $2,126

TOTAL REVENUE $23,466

Expense Breakdown

Grants Paid $50

Salaries & Benefits $0

Fundraising Expenses $2,142

Program Expenses $19,992

Other Expenses $36,636

TOTAL EXPENSES $36,686

Year-over-Year Comparison

	2020	2019	Change
Revenue	$23,466	$58,730	-0.6%
Expenses	$36,686	$37,316	0.0%
Net Income	$-13,220	$21,414	-1.6%

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

N/A

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

$7,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET COSTA	INT. EXEC. D	10.00	Officer	$7,800	$0	$7,800
SANDY BRIA	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA CAFERO	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN DEKEMPA	DIRECTOR	1.00	Director	$0	$0	$0
LINDA DUNSMORE	CO-TREASURER	1.00	Officer Director	$0	$0	$0
KELLEY HEFFERAN	CO-TREASURER	1.00	Officer Director	$0	$0	$0
DMITRIY KRIGER	DIRECTOR	1.00	Director	$0	$0	$0
ROZ MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH REID	CHAIR	2.00	Officer Director	$0	$0	$0
RALPH VALENZISI	NPS REPRESEN	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
2021	$23,466	$36,686	$168,072	$-13,220
2020	$58,730	$37,316	$180,277	$21,414
2019	$71,877	$73,647	$188,911	$-1,770
2018	$77,470	$64,155	$190,633	$13,315