BLOOMFIELD EDUCATIONAL FOUNDATION (EIN 223621312) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

TERENCE MULLANE

Tax Period

2024-10-01 to 2025-09-30

BLOOMFIELD EDUCATIONAL FOUNDATION, founded in 1998, is a small nonprofit in the Education sector that reported $278K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $116K, a strong 42% operating margin.

Mission

PROVIDE SUPPORT FOR BLOOMFIELD, NJ PUBLIC SCHOOLS AND COLLEGE SCHOLARSHIPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $153,902

Program Service Revenue $0

Investment Income $45,995

Other Revenue $78,419

TOTAL REVENUE $278,316

Expense Breakdown

Grants Paid $76,809

Salaries & Benefits $0

Fundraising Expenses $29,719

Program Expenses $102,731

Other Expenses $85,993

TOTAL EXPENSES $162,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,316	$350,855	-0.2%
Expenses	$162,802	$174,081	-0.1%
Net Income	$115,514	$176,774	-0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$32,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN DASSING	EXECUTIVE DI	40.00	Director	$32,760	$0	$32,760
PAUL GIULIANO	TRUSTEE	N/A	Director	$0	$0	$0
ROBERT FETTERLY JR	TRUSTEE	N/A	Director	$0	$0	$0
JOSEPH KLIMINSKI	TRUSTEE	N/A	Director	$0	$0	$0
MICHAEL SCEURMAN	TRUSTEE	N/A	Director	$0	$0	$0
ROBERT STORM	TRUSTEE	N/A	Director	$0	$0	$0
STEVEN TICE	TRUSTEE	N/A	Director	$0	$0	$0
MARY TODARO	TRUSTEE	N/A	Director	$0	$0	$0
JENNIFER VIGNA	TRUSTEE	N/A	Director	$0	$0	$0
TERENCE MULLANE	CHAIRMAN	N/A	Officer	$0	$0	$0
MADELINE WOLLNER	VICE-CHAIR/A	N/A	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
2025	$278,316	$162,802	$1,061,220	$115,514
2024	$350,855	$174,081	$982,332	$176,774
2023	$159,917	$116,223	$769,769	$43,694
2022	$137,603	$103,771	$722,452	$33,832
2021	$132,167	$102,341	$808,795	$29,826
2020	$124,744	$137,677	$765,417	$-12,933
2019	$200,706	$204,428	$828,525	$-3,722

BLOOMFIELD EDUCATIONAL FOUNDATION