SCHOFIELD FOUNDATION (EIN 161190702) - 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

1983

Legal Domicile

Principal Officer

Christopher Koenig

Phone

7168741566

Tax Period

2023-01-01 to 2023-12-31

SCHOFIELD FOUNDATION, founded in 1983, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $195K exceeded revenue, resulting in a 257% operating deficit.

Mission

Schofield Foundation supported events and activities at Schofield Residence and affiliate to enhance the quality of life for residents at the 120 bed facility, ADHCP, and home care programs.

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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 $47,585

Program Service Revenue $0

Investment Income $6,845

Other Revenue $0

TOTAL REVENUE $54,430

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $94,576

TOTAL EXPENSES $194,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,430	$151,201	-0.6%
Expenses	$194,576	$82,829	+1.3%
Net Income	$-140,146	$68,372	-3.0%

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

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

$306,252

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Koenig	President	0.5	Officer	$0	$0	$182,270
Steve Chizuk	CFO	0.5	Officer	$0	$0	$123,982
Lawrence DiGiulio	Chairman	1	Officer Director	$0	$0	$0
Christopher Kempton	Treasurer	1	Officer Director	$0	$0	$0
Sharon McGuan	Secretary	1	Officer Director	$0	$0	$0
Rebecca Korosi	Director	1	Director	$0	$0	$0
Saralin Tiedeman	Director	1	Director	$0	$0	$0
Michael Geraci	Director	1	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
2024	No data	No data	No data	No data
2023	$54,430	$194,576	$625,803	$-140,146
2022	$151,201	$82,829	$631,654	$68,372
2021	$75,901	$66,862	$567,036	$9,039
2020	$271,814	$163,506	$432,318	$108,308

SCHOFIELD FOUNDATION