HEALEY EDUCATION FOUNDATION INC (EIN 223589468) - 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

1997

Legal Domicile

Principal Officer

CHRISTINE HEALEY

Phone

8564882504

Tax Period

2023-01-01 to 2023-12-31

HEALEY EDUCATION FOUNDATION INC, founded in 1997, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum.

Mission

THE HEALEY EDUCATION FOUNDATION INVESTS IN PK-12 CATHOLIC SCHOOLS. WORKING IN PARTNERSHIP WITH SCHOOLS, ARCHDIOCESES AND DIOCESES, AND FELLOW PHILANTHROPISTS, THE FOUNDATION IS A CATALYST FOR CHANGE TO ENSURE THE FUTURE OF CATHOLIC 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 (2023)

Revenue Breakdown

Contributions & Grants $3,820,663

Program Service Revenue $2,000

Investment Income $1,504

Other Revenue $0

TOTAL REVENUE $3,824,167

Expense Breakdown

Grants Paid $3,089,486

Salaries & Benefits $609,802

Fundraising Expenses $60,980

Program Expenses $3,720,845

Other Expenses $204,497

TOTAL EXPENSES $3,903,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,824,167	$1,776,469	+1.2%
Expenses	$3,903,785	$1,814,416	+1.2%
Net Income	$-79,618	$-37,947	+1.1%

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

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

$238,307

Total Directors

$238,307

Key Employees

$112,343

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT T HEALEY JR	TRUSTEE	2.00	Director	$0	$0	$0
HARRY BELL	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE HEALEY	PRESIDENT	40.00	Officer Director	$218,698	$19,609	$238,307
JERRY KELLY	TREASURER	2.00	Officer	$0	$0	$0
MEGAN M FAMULAR	ADMINISTRATION	40.00	Key Emp	$101,650	$10,693	$112,343

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	$3,824,167	$3,903,785	$2,645,023	$-79,618
2022	$1,776,469	$1,814,416	$621,773	$-37,947
2021	$1,877,064	$1,811,695	$664,872	$65,369
2020	$1,724,863	$1,939,940	$814,886	$-215,077
2019	$3,040,826	$2,671,470	$961,453	$369,356
2018	$2,381,703	$2,507,884	$400,003	$-126,181

HEALEY EDUCATION FOUNDATION INC