SCHLARMAN FOUNDATION INC

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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

1974

Legal Domicile

Principal Officer

NANCY O'KANE

Phone

2174427947

Tax Period

2023-07-01 to 2024-06-30

SCHLARMAN FOUNDATION INC, founded in 1974, is a small nonprofit that reported $170K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 15% operating margin.

Mission

SCHLARMAN FOUNDATION WAS FORMED TO PROVIDE FINANCIAL SUPPORT TO ALL FACETS OF CATHOLIC EDUCATION WITHIN THE JURISDICTION OF SCHLARMAN ACADEMY AND TO ASSIST THE SCHLARMAN ADVANCEMENT OFFICE IN PROVIDING SUPPORT IN AREAS OF LONG-RANGE FINANCIAL DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $118,629 Revenue: $85,728

FINANCIAL SUPPORT PROVIDED TO SCHLARMAN ACADEMY IN SUPPORT OF CATHOLIC EDUCATION, INCLUDING SCHOLARSHIPS PROVIDED TO SCHLARMAN STUDENTS.

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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 $16,095

Program Service Revenue $0

Investment Income $67,677

Other Revenue $85,728

TOTAL REVENUE $169,500

Expense Breakdown

Grants Paid $110,482

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,629

Other Expenses $33,467

TOTAL EXPENSES $143,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,500	$371,630	-0.5%
Expenses	$143,949	$273,387	-0.5%
Net Income	$25,551	$98,243	-0.7%

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
NANCY O'KANE	PRESIDENT	1.00	Officer Director	$0	$0	$0
RAYMOND BRODERICK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK PELLEGRINI	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL JANOSIK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN O'ROURKE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
RAJ KARINATTU	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DONAHUE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA OWENS	DIRECTOR	1.00	Director	$0	$0	$0
FRED FAULSTICH	DIRECTOR	1.00	Director	$0	$0	$0
JODY LEGETT	DIRECTOR	1.00	Director	$0	$0	$0
BECKY SCHLECHT	DIRECTOR	1.00	Director	$0	$0	$0
JUDY MYERS	DIRECTOR	1.00	Director	$0	$0	$0
FR JOHN CYR	DIRECTOR	1.00	Director	$0	$0	$0
CURT GIROUARD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN NEVILLE	DIRECTOR	1.00	Director	$0	$0	$0
PETER GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
JERRY O'NEILL	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$169,500	$143,949	$4,309,855	$25,551
2023	$371,630	$273,387	$4,191,289	$98,243
2022	$594,076	$133,482	$4,055,135	$460,594
2021	$365,638	$150,097	$3,868,563	$215,541
2020	$148,134	$94,644	$3,491,082	$53,490
2019	$401,486	$277,927	$3,429,605	$123,559