FUTURES IN EDUCATION (EIN 205496382) - 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

JOHN NOTARO

Phone

7189657308

Tax Period

2023-09-01 to 2024-08-31

FUTURES IN EDUCATION, founded in 2006, is a community nonprofit in the Education sector that reported $7.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $7.4M left a modest 4% surplus.

Mission

THE MISSION OF FUTURES IN EDUCATION IS TO ENSURE THAT THE GIFT OF AN EXCELLENT CATHOLIC EDUCATION CONTINUES TO BE A VIABLE OPTION FOR CURRENT AND FUTURE GENERATIONS OF DESERVING STUDENTS IN BROOKLYN AND QUEENS. AS A SCHOLARSHIP GRANTING ORGANIZATION, IT PROVIDES TUITION ASSISTANCE TO THE NEEDIEST OF THOSE STUDENTS, REGARDLESS OF THEIR RELIGIOUS DENOMINATION, THROUGH ENDOWMENT FUNDS AND FUNDRAISING 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 $7,521,733

Program Service Revenue $0

Investment Income $413,900

Other Revenue $-219,971

TOTAL REVENUE $7,715,662

Expense Breakdown

Grants Paid $5,763,678

Salaries & Benefits $0

Fundraising Expenses $470,667

Program Expenses $6,378,962

Other Expenses $1,622,787

TOTAL EXPENSES $7,388,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,715,662	$9,429,112	-0.2%
Expenses	$7,388,377	$7,408,139	0.0%
Net Income	$327,285	$2,020,973	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS VERONICA TSANG	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MR MARTIN COTTINGHAM VICE	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MR ROBERT F GARTLAND	VICE CHAIR THRU APR 2024	2.00	Officer Director	$0	$0	$0
REVEREND KEVIN P ABELS	TRUSTEE	2.00	Director	$0	$0	$0
BISHOP ROBERT J BRENNAN	TRUSTEE	2.00	Director	$0	$0	$0
MR ROBERT B CATELL	TRUSTEE	2.00	Director	$0	$0	$0
REV MSGR DAVID L CASSATO	TRUSTEE	2.00	Director	$0	$0	$0
MRS REGINA DEDICK	TRUSTEE	2.00	Director	$0	$0	$0
MR JOHN G DUANE	TRUSTEE	2.00	Director	$0	$0	$0
MR THOMAS FLOOD	TRUSTEE	2.00	Director	$0	$0	$0
MR CHRISTIAN GARCIA	TRUSTEE	2.00	Director	$0	$0	$0
REV MSGR JAMIE J	GIGANTIELLO TRUSTEE THRU NOV 2023	2.00	Director	$0	$0	$0
MR LOUIS GRASSI	TRUSTEE THRU APR 2024	2.00	Director	$0	$0	$0
MR WILLIAM J HOGAN	TRUSTEE	2.00	Director	$0	$0	$0
MR WILLAIM MAIER	TRUSTEE	2.00	Director	$0	$0	$0
MR JOSEPH MATTONE SR ESQ	TRUSTEE THRU MAR 2024	2.00	Director	$0	$0	$0
DEACON KEVIN MCCORMACK	TRUSTEE	2.00	Director	$0	$0	$0
MRS DONNA MURPHY	TRUSTEE	2.00	Director	$0	$0	$0
MRS ANA OLIVEIRA	TRUSTEE	2.00	Director	$0	$0	$0
MR LESTER J OWENS	TRUSTEE	2.00	Director	$0	$0	$0
MRS ROSEANN PARADISO FODERA	ESQ. TRUSTEE	2.00	Director	$0	$0	$0
HON A GAIL PRUDENTI	TRUSTEE THRU JUN 2024	2.00	Director	$0	$0	$0
MR CARMINE RUBINO	TRUSTEE	2.00	Director	$0	$0	$0
MR JOSEPH SCIAME	TRUSTEE	2.00	Director	$0	$0	$0
MR CARLO A SCISSURA ESQ	TRUSTEE	2.00	Director	$0	$0	$0
MR STEVEN STELLA	TRUSTEE	2.00	Director	$0	$0	$0
MR JOHN NOTARO	EXECUTIVE DIRECTOR	14.00	Officer	$0	$0	$0
MRS AIDA TORRES	SECRETARY	0.80	Officer	$0	$0	$0
MRS NICOLE STEINWEISS	TREASURER	2.00	Officer	$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	$7,715,662	$7,388,377	$11,991,220	$327,285
2023	$9,429,112	$7,408,139	$12,150,556	$2,020,973
2022	$8,418,003	$7,410,168	$11,513,350	$1,007,835
2021	$8,970,011	$7,343,412	$11,663,497	$1,626,599
2020	$8,686,843	$8,493,467	$9,663,115	$193,376
2018	$7,439,660	$7,147,188	$12,190,504	$292,472

FUTURES IN EDUCATION