FRIENDS OF BREAKTHROUGH SCHOOLS (EIN 204948838) - 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

2006

Legal Domicile

Principal Officer

DOUG MANGEN

Phone

2163737801

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF BREAKTHROUGH SCHOOLS, founded in 2006, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $65.9M represent 118 months of operating reserves.

Mission

OUR MISSION IS TO PERFORM FUNDRAISING AND ADVOCACY ACTIVITIES THAT EXCLUSIVELY SUPPORT THE OPERTIONS AND GROWTH OF THE BREAKTHROUGH PUBLIC SCHOOLS MANAGEMENT ORGANIZATION AND ALL ITS MEMBER SCHOOLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,151,782

Program Service Revenue $1,963,082

Investment Income $144,182

Other Revenue $420,995

TOTAL REVENUE $6,680,041

Expense Breakdown

Grants Paid $2,190,000

Salaries & Benefits $1,805,338

Fundraising Expenses $156,229

Program Expenses $5,329,605

Other Expenses $3,134,494

TOTAL EXPENSES $7,129,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,680,041	$17,741,329	-0.6%
Expenses	$7,129,832	$9,347,949	-0.2%
Net Income	$-449,791	$8,393,380	-1.1%

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

Volunteers

100

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

$226,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BERLIN	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW BENNETT	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY SCHLANG	TRUSTEE	1.00	Director	$0	$0	$0
COSMORONDE DANIELLY	TRUSTEE	1.00	Director	$0	$0	$0
DAVE LOOMIS	TRUSTEE	1.00	Director	$0	$0	$0
ELLE CAROLAN	TRUSTEE	1.00	Director	$0	$0	$0
JASON LOCKETT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LEMAY	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN MILLER	TRUSTEE	1.00	Director	$0	$0	$0
MEG MAYHUGH	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
RUDY BENTLAGE	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN CHIANCONE	TRUSTEE	1.00	Director	$0	$0	$0
ADEBANJO SOLARU	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW GEHRLEIN	TRUSTEE	1.00	Director	$0	$0	$0
AYSEGUL KESKIN ZEREN	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN SCHAUER	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG PANZICA	TRUSTEE	1.00	Director	$0	$0	$0
DAVID COOK	TRUSTEE	1.00	Director	$0	$0	$0
ERIC POUND	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY CRISTAL	TRUSTEE	1.00	Director	$0	$0	$0
KAREN LONG CASCIO	TRUSTEE	1.00	Director	$0	$0	$0
MARIO PENA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CRISTAL	TRUSTEE	1.00	Director	$0	$0	$0
PETER ROME	TRUSTEE	1.00	Director	$0	$0	$0
SANJAY VYAS	TRUSTEE	1.00	Director	$0	$0	$0
TOM DITTOE	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA BRADY	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW MCRAE	TRUSTEE	1.00	Director	$0	$0	$0
BILL FISHER	TRUSTEE	1.00	Director	$0	$0	$0
CELESTE KAMASA SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
DAN MASCARO	TRUSTEE	1.00	Director	$0	$0	$0
ED BELL	TRUSTEE	1.00	Director	$0	$0	$0
FREE FOUTZ	TRUSTEE	1.00	Director	$0	$0	$0
JIM HUBER	TRUSTEE	1.00	Director	$0	$0	$0
LARRY ORWIN	TRUSTEE	1.00	Director	$0	$0	$0
MATT BREWER	TRUSTEE	1.00	Director	$0	$0	$0
MIKE DE WINDT	TRUSTEE	1.00	Director	$0	$0	$0
PETER SHIPLEY	TRUSTEE	1.00	Director	$0	$0	$0
SEKU SHABAZZ	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN ERTLE	EXECUTIVE DIRECTOR	40.00	Officer	$212,980	$13,394	$226,374
BRITTANY HURD	CHIEF ALUMNI SUCCESS OFFICER	40.00	Highest	$143,970	$15,037	$159,007
TIM MANN	SENIOR ADVANCEMENT OFFICER	40.00	Highest	$125,955	$8,961	$134,916
KELLY BERG	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$127,265	$7,450	$134,715

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	$6,680,041	$7,129,832	$106,999,270	$-449,791
2024	No data	No data	No data	No data
2023	$14,907,169	$9,769,537	$121,077,217	$5,137,632
2022	$16,825,148	$8,693,782	$75,177,314	$8,131,366
2021	$14,315,646	$13,749,312	$75,617,435	$566,334
2020	$9,533,937	$7,797,584	$83,133,687	$1,736,353
2019	$11,680,811	$10,981,084	$80,818,704	$699,727
2018	$12,807,270	$8,844,513	$80,974,042	$3,962,757

FRIENDS OF BREAKTHROUGH SCHOOLS