FARMINGTON, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FARMINGTON STUDENT LOAN FOUNDATION INC C/O BUDWITZ & MEYERJACK PC, founded in 1964, is a micro nonprofit in the Education sector that reported $46K in total revenue in fiscal year 2023. Revenue surged 7820% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 86% operating margin.
THE FARMINGTON FOUNDATION IS A LOW-INTEREST STUDENT LOAN FUND. ALL STUDENTS GOING TO COLLEGE AS AN UNDERGRADUATE MAY APPLY FOR A LOAN. LOANS ARE GRANTED BY THE LOAN COMMITTEE IF THE STUDENT DEMONSTRATES FINANCIAL NEED.
THE STUDENT LOAN PROGRAM IS A LOW-INTEREST STUDENT LOAN FUND THAT IS OPEN TO ALL STUDENTS GOING TO COLLEGE AS AN UNDERGRADUATE TO APPLY. LOANS ARE APPROVED BY THE LOAN COMMITTEE IF THE STUDENT...
THE STUDENT LOAN PROGRAM IS A LOW-INTEREST STUDENT LOAN FUND THAT IS OPEN TO ALL STUDENTS GOING TO COLLEGE AS AN UNDERGRADUATE TO APPLY. LOANS ARE APPROVED BY THE LOAN COMMITTEE IF THE STUDENT DEMONSTRATES FINANCIAL NEED.
THE SCHOLARSHIP PROGRAM AWARDS SCHOLARSHIPS TO DESERVING LOCAL HIGH SCHOOL STUDENTS. A COMMITTEE CONSISTING OF THE BOARD OF DIRECTORS RECOMMENDS A SET NUMBER OF SCHOLARSHIPS TO BE AWARDED IN THE...
THE SCHOLARSHIP PROGRAM AWARDS SCHOLARSHIPS TO DESERVING LOCAL HIGH SCHOOL STUDENTS. A COMMITTEE CONSISTING OF THE BOARD OF DIRECTORS RECOMMENDS A SET NUMBER OF SCHOLARSHIPS TO BE AWARDED IN THE AMOUNT OF 1,000 EACH. STUDENTS ARE SELECTED BY THE SUPERINTENDENT OF THE PUBLIC SCHOOLS FOR THE TOWN OF FARMINGTON, CONNECTICUT.
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 | $45,938 | $580 | +78.2% |
| Expenses | $6,274 | $21,263 | -0.7% |
| Net Income | $39,664 | $-20,683 | -2.9% |
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 |
|---|---|---|---|---|---|---|
| THOMAS CIESIELSKI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL A ZIEBKA CPA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL GURSKI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN H HANGEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID HAWORTH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN HAWORTH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD G CRUESS JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WALTER NICKSA JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JANICE RIMILLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER POGSON | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| KEVIN S RAY | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $45,938 | $6,274 | $458,134 | $39,664 |
| 2023 | $580 | $21,264 | $463,469 | $-20,684 |
| 2022 | $249 | $21,385 | $469,153 | $-21,136 |
| 2021 | $4,058 | $46,224 | $475,289 | $-42,166 |
| 2020 | $670 | $20,987 | $520,755 | $-20,317 |
| 2019 | $26,535 | $18,268 | $542,432 | $8,267 |
| 2018 | $8,158 | $12,146 | $519,165 | $-3,988 |
Compare FARMINGTON STUDENT LOAN FOUNDATION INC C/O BUDWITZ & MEYERJACK PC with other nonprofits in Connecticut and across the country.