FOUNDATION FOR EDUCATIONAL ADMINIS… - Form 990 Financial Data

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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

1984

Legal Domicile

Phone

6098601200

Tax Period

2023-07-01 to 2024-06-30

FOUNDATION FOR EDUCATIONAL ADMINISTRATION INC, founded in 1984, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $7.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

ADVANCING EDUCATION ADMINISTRATION IN THE STATE OF NEW JERSEY

Program Service Accomplishments

Program 1

Expenses: $3,817,547 Revenue: $4,460,561

PROFESSIONAL DEVELOPMENT PROGRAMS DESIGNED FOR PRINCIPALS AND SUPERVISORS OF NEW JERSEY SCHOOLS

Program 2

Expenses: $1,011,682 Revenue: $992,504

PROFESSIONAL DEVELOPMENT PROGRAM DESIGNED TO ACCREDIT NEW SUPERVISORS AND PRINCIPALS IN NEW JERSEY

Program 3

Expenses: $507,368 Revenue: $801,000

GRANTS FROM VARUOUS SOURCES TO PROVIDE DISTRICT/SCHOOL CREATIVE LEADERSHIP TEAMS WITH PROGRAMMING TO DESIGN AND IMPLEMENT ARTS INTEGRATION STRATEGIES

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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 $801,000

Program Service Revenue $5,755,316

Investment Income $0

Other Revenue $-19,571

TOTAL REVENUE $6,536,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,989,521

Fundraising Expenses $0

Program Expenses $5,575,241

Other Expenses $4,236,295

TOTAL EXPENSES $7,225,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,536,745	$7,218,535	-0.1%
Expenses	$7,225,816	$7,563,022	0.0%
Net Income	$-689,071	$-344,487	+1.0%

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

249

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen A Bingert	President	14.00		$0	$0	$220,000
DENISE HECHT	CFO	16.00		$0	$0	$209,714
David Nash	N/A	40.00		$206,623	$0	$206,623
Donna McInerney	CEO	36.00		$195,000	$0	$195,000
Mary M Reece	N/A	30.00		$167,495	$0	$167,495
ANGELA DUNBAR	Director	5.00	Director	$0	$0	$0
TERESA HERRERO-TAYLOR PH D	Treasurer	5.00	Director	$0	$0	$0
TERENCE JOHNSON	Director	5.00	Director	$0	$0	$0
DAVID KASYAN ED D	Secretary	5.00	Director	$0	$0	$0
KAREN TANNER-OLIPHANT	Director	5.00	Director	$0	$0	$0
KERRI WAIBEL	Director	5.00	Director	$0	$0	$0
CHARLES WARFIELD ED	Director	0.00	Director	$0	$0	$0
Angelinia Finnegan	N/A	37.00		$0	$0	$0
Mary Beth Currie	N/A	36.00		$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
2025	No data	No data	No data	No data
2024	$6,536,745	$7,225,816	$6,153,899	$-689,071
2023	$7,218,535	$7,563,022	$6,850,540	$-344,487
2022	$9,142,802	$6,823,299	$8,009,149	$2,319,503
2021	$6,131,360	$5,828,936	$7,511,620	$302,424
2020	$6,007,495	$6,259,897	$7,493,691	$-252,402
2019	$6,334,454	$6,382,915	$7,552,582	$-48,461
2018	$6,981,614	$6,912,172	$7,878,239	$69,442

FOUNDATION FOR EDUCATIONAL ADMINISTRATION INC