FRANKLIN LAKES BOROUGH EDUCATION FOUNDATION INC (EIN 222799772) - 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

1987

Legal Domicile

Principal Officer

JONATHAN COTE

Phone

9735309138

Tax Period

2022-07-01 to 2023-06-30

FRANKLIN LAKES BOROUGH EDUCATION FOUNDATION INC, founded in 1987, is a small nonprofit that reported $181K in total revenue in fiscal year 2022. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $205K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE BENEFITS TO PUBLIC SCHOOL CHILDREN IN FRANKLIN LAKES BOROUGH PUBLIC 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $74

Other Revenue $180,891

TOTAL REVENUE $180,965

Expense Breakdown

Grants Paid $193,315

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $193,315

Other Expenses $11,573

TOTAL EXPENSES $204,888

Year-over-Year Comparison

	2022	2021	Change
Revenue	$180,965	$131,311	+0.4%
Expenses	$204,888	$81,484	+1.5%
Net Income	$-23,923	$49,827	-1.5%

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
JONATHON COTE	TREASURER	2.50	Officer Director	$0	$0	$0
ALEXIS CANONICO	CO-PRESIDENT	2.50	Officer Director	$0	$0	$0
SANDI CELENTANO	CO-PRESIDENT	2.50	Officer Director	$0	$0	$0
DANA MURO	CO-VICE PRESIDENT	1.75	Officer Director	$0	$0	$0
GINA ABDY	SECRETARY	1.50	Officer Director	$0	$0	$0
MARINA MAJBOUR	CO-VICE PRESIDENT	1.75	Officer 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
2023	$180,965	$204,888	$215,385	$-23,923
2022	$131,311	$81,484	$245,529	$49,827
2021	$60,747	$80,303	$187,972	$-19,556
2020	$80,271	$28,636	$225,008	$51,635
2019	$136,342	$161,086	$190,794	$-24,744

FRANKLIN LAKES BOROUGH EDUCATION FOUNDATION INC