FOUNDATION FOR SCIENCE AND MATHEMATICS EDUCATION INC (EIN 205197170) - 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

HERMIONE MALONE

Phone

5043247045

Tax Period

2022-07-01 to 2023-06-30

FOUNDATION FOR SCIENCE AND MATHEMATICS EDUCATION INC, founded in 2006, is a small nonprofit in the Education sector that reported $284K in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $481K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO PREPARE UNDER-SERVED NEW ORLEANS STUDENTS FOR COLLEGE AND CAREER SUCCESS THROUGH A RIGOROUS SCHOOL CULTURE THAT EMPHASIZES ACADEMIC SUCCESS AND SCIENCE AND MATHEMATICS EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $317,249

Program Service Revenue $0

Investment Income $249

Other Revenue $-33,288

TOTAL REVENUE $284,210

Expense Breakdown

Grants Paid $204,000

Salaries & Benefits $134,426

Fundraising Expenses $92,652

Program Expenses $286,811

Other Expenses $142,628

TOTAL EXPENSES $481,054

Year-over-Year Comparison

	2022	2021	Change
Revenue	$284,210	$434,617	-0.3%
Expenses	$481,054	$481,789	0.0%
Net Income	$-196,844	$-47,172	+3.2%

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

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

$85,385

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE CAVERLY	DIRECTOR	0.20	Director	$0	$0	$0
FLORENCE ANDRE	DIRECTOR	0.10	Director	$0	$0	$0
MARY MUNGER	DIRECTOR	0.20	Director	$0	$0	$0
TREVA BROWN PHD	DIRECTOR	0.10	Director	$0	$0	$0
AUSTIN RICHARDS	ADVOCATES REPRESENTATIVE	0.10	Director	$0	$0	$0
HARRISON GOLDEN	TREASURER	1.00	Officer Director	$0	$0	$0
KATIE HAND	DIRECTOR	0.10	Director	$0	$0	$0
DARRYL HOLLIDAY PHD	DIRECTOR	0.20	Director	$0	$0	$0
CARLA L MAJOR PHR SHRM-CP	DIRECTOR	0.10	Director	$0	$0	$0
HERMIONE MALONE	DIRECTOR	0.10	Director	$0	$0	$0
NORMA JEAN MATTEI PHD	DIRECTOR	0.10	Director	$0	$0	$0
VALERIE J MCGINLEY	1ST VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MADALYN SCHENK	EX-OFFICIO	2.00	Director	$0	$0	$0
CURTIS PELLERIN	PRESIDENT	2.50	Officer Director	$0	$0	$0
KATHERINE KLEINPETER RAYMOND PHD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE JANE SAWYER	SECRETARY	0.10	Officer Director	$0	$0	$0
DEDRICK SIMS PHD	2ND VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
MONICA SYLVAIN PHD	1ST VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
MORGAN VALERIE	DIRECTOR	0.40	Director	$0	$0	$0
RON WOODS	DIRECTOR	0.10	Director	$0	$0	$0
ANDREA WILLIAMS	EXECUTIVE DIRECTOR	40.00	Officer	$51,875	$0	$51,875
ERICA DUROUSSEAU	EXECUTIVE DIRECTOR	40.00	Officer	$33,510	$0	$33,510

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	No data	No data	No data	No data
2023	$284,210	$481,054	$1,207,238	$-196,844
2022	$434,617	$481,789	$1,237,608	$-47,172
2021	$398,848	$624,717	$1,439,338	$-225,869
2020	$786,534	$496,081	$1,571,243	$290,453
2019	$1,467,109	$513,979	$1,341,061	$953,130
2018	$432,850	$490,019	$430,987	$-57,169

FOUNDATION FOR SCIENCE AND MATHEMATICS EDUCATION INC