THE FOUNDATION SCHOOLS (EIN 237425256) - 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

1975

Legal Domicile

Principal Officer

GINA JAMES

Phone

3018810078

Tax Period

2024-07-01 to 2025-06-30

THE FOUNDATION SCHOOLS, founded in 1975, is a mid-sized nonprofit in the Education sector that reported $25.8M in total revenue in fiscal year 2024. Expenses of $23.5M left a modest 9% surplus.

Mission

PROVIDE SPECIALIZED EDUCATIONAL AND THERAPEUTIC PROGRAMS FOR STUDENTS WITH EMOTIONAL DISABILITIES.

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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 $470,711

Program Service Revenue $24,836,642

Investment Income $452,448

Other Revenue $-3,923

TOTAL REVENUE $25,755,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,448,413

Fundraising Expenses $189,684

Program Expenses $21,419,483

Other Expenses $6,047,454

TOTAL EXPENSES $23,495,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,755,878	$24,778,377	+0.0%
Expenses	$23,495,867	$22,277,575	+0.1%
Net Income	$2,260,011	$2,500,802	-0.1%

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

288

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

$503,848

Total Directors

Key Employees

$200,729

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRE J GINGLES ESQ	CHAIRMAN	4.00	Officer Director	$0	$0	$0
ERIC RANDOLPH	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
THOMAS M DEGONIA II ESQ	TREASURER (TO JUN '25)	2.00	Officer Director	$0	$0	$0
ANDREA R ADLER LCSW-C	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN BOYD	DIRECTOR (FROM DEC '24)	1.00	Director	$0	$0	$0
CAROLINE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES W CORNELSEN	DIRECTOR	1.00	Director	$0	$0	$0
TARA JACKSON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
NEENA MASIH	DIRECTOR	1.00	Director	$0	$0	$0
MARION PORTER	DIRECTOR	1.00	Director	$0	$0	$0
RICHEE SMITH-ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
JENIFER SMITH	DIRECTOR (FROM MAR '25)	1.00	Director	$0	$0	$0
GINA JAMES	CEO & SECRETARY	40.00	Officer	$278,460	$49,351	$327,811
LAURA FLEMMINGS	DIRECTOR OF FINANCE (TO JUL '24)	40.00	Officer	$99,682	$10,784	$110,466
VIRUN STEVE LEE	DIRECTOR OF FINANCE (FROM AUG '24)	40.00	Officer	$55,913	$9,658	$65,571
MICHELLE LIEBERMAN	DIRECTOR OF HUMAN RESOURCES (TO DEC '24)	40.00	Key Emp	$177,459	$23,270	$200,729
YVETTE COLVIN	DIRECTOR OF OPERATIONS	40.00	Highest	$162,424	$22,200	$184,624
TORI WILSON	PRINCIPAL	40.00	Highest	$160,690	$12,904	$173,594
TAMIKO LOBAUGH	PRINCIPAL	40.00	Highest	$141,757	$11,507	$153,264
KAREN CANAS	ACCOUNTING DIRECTOR	40.00	Highest	$128,938	$30,956	$159,894
WALTER M GONZALEZ ENRIQUE	DIRECTOR OF IT	40.00	Highest	$126,050	$37,127	$163,177

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	$25,755,878	$23,495,867	$26,376,574	$2,260,011
2024	$24,778,377	$22,277,575	$24,803,198	$2,500,802
2023	$22,048,465	$20,388,396	$23,025,133	$1,660,069
2022	$19,826,112	$18,959,039	$16,377,358	$867,073
2021	$20,783,631	$17,942,621	$16,766,569	$2,841,010
2020	$17,523,591	$16,532,833	$14,820,467	$990,758
2019	$15,965,584	$15,737,783	$12,640,399	$227,801

THE FOUNDATION SCHOOLS