FRANKLIN LAKES BOROUGH EDUCATION F… - 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

1987

Legal Domicile

Principal Officer

JONATHAN COTE

Phone

2019372276

Tax Period

2024-07-01 to 2025-06-30

FRANKLIN LAKES BOROUGH EDUCATION FOUNDATION INC, founded in 1987, is a small nonprofit that reported $235K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $214K left a modest 9% surplus.

Mission

PROVIDE BENEFITS TO PUBLIC SCHOOL CHILDREN IN FRANKLIN LAKES BOROUGH PUBLIC SCHOOLS

Program Service Accomplishments

Program 1

Expenses: $206,222 Revenue: $234,896

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $327

Other Revenue $234,896

TOTAL REVENUE $235,223

Expense Breakdown

Grants Paid $124,931

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,222

Other Expenses $89,144

TOTAL EXPENSES $214,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,223	$212,906	+0.1%
Expenses	$214,075	$224,869	0.0%
Net Income	$21,148	$-11,963	-2.8%

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
SANDI	CELENTANO	3.00	Officer Director	$0	$0	$0
DEBRA	PARIOT	3.00	Officer Director	$0	$0	$0
JACKLYN	RUKAJ	3.00	Officer Director	$0	$0	$0
JENN	SANTAMARIA	3.00	Officer Director	$0	$0	$0
JONATHAN	COTE	3.00	Officer Director	$0	$0	$0
AKANKSHA	RASWANT	3.00	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
2025	$235,223	$214,075	$223,061	$21,148
2024	$212,906	$224,869	$201,913	$-11,963
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