FOUNDATION FOR FREE ENTERPRISE EDUCATION (EIN 251394365) - 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

1979

Legal Domicile

Principal Officer

KAREN M MUSANTE

Phone

8148339576

Tax Period

2023-10-01 to 2024-09-30

FOUNDATION FOR FREE ENTERPRISE EDUCATION, founded in 1979, is a community nonprofit in the Youth Development sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $569K, a strong 27% operating margin.

Mission

TO HEIGHTEN THE AWARENESS OF PENNSYLVANIA'S YOUTH ABOUT THEIR FUTURE ROLE IN THE AMERICAN FREE ENTERPRISE SYSTEM BY DELIVERING HIGH-QUALITY AND PRACTICAL HANDS-ON EDUCATIONAL EXPERIENCES. THE FOUNDATION ALSO BECAME THE EXCLUSIVE PENNSYLVANIA COORDINATOR FOR THE STOCK MARKET GAME (SMG). SMG IS AN INTERNATIONALLY ACCLAIMED INTERACTIVE IN-SCHOOL PROGRAM THAT TEACHES STUDENTS IN GRADES 4-12 ABOUT GLOBAL CAPITAL MARKETS, INVESTING AND PERSONAL FINANCE.

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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 $1,275,185

Program Service Revenue $546,671

Investment Income $285,341

Other Revenue $0

TOTAL REVENUE $2,107,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $837,196

Fundraising Expenses $221,460

Program Expenses $871,415

Other Expenses $701,367

TOTAL EXPENSES $1,538,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,107,197	$1,879,469	+0.1%
Expenses	$1,538,563	$1,420,756	+0.1%
Net Income	$568,634	$458,713	+0.2%

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

181

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

$187,502

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD M AMOND	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE J ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID A CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID N TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
GARY M GOSS	DIRECTOR	1.00	Director	$0	$0	$0
GENE BARR	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE M BOOK JR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KILGALLON	DIRECTOR	1.00	Director	$0	$0	$0
JASON C FINK	DIRECTOR	1.00	Director	$0	$0	$0
JON G WHITEMAN	VICE CHAIRMAN/ASSISTANT TR	1.00	Officer Director	$0	$0	$0
JOSEPH D HURD	DIRECTOR	1.00	Director	$0	$0	$0
KATIE E CLARKE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEVIN SHIVERS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVIN W DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
KYLE P WHERRITY	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE E RYBACKI	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY GRIFFIN-BOYLAN	DIRECTOR	1.00	Director	$0	$0	$0
LOWMAN S HENRY	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK A KARENCHAK	DIRECTOR	1.00	Director	$0	$0	$0
MARK J PIETRUSINSKI	DIRECTOR	1.00	Director	$0	$0	$0
NICK N SCOTT JR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA A BAUN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL J WARD ESQ	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT J WETZEL ESQ	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
RUDOLPH D FRANK	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL P BROOKS	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
RYAN L NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT R WYMAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PALISIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVIE J GILMOUR	DIRECTOR	1.00	Director	$0	$0	$0
CARL A MARRARA	DIRECTOR	1.00	Director	$0	$0	$0
TARA MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN M MUSANTE	PRESIDENT & CEO	40.00	Officer	$167,094	$20,408	$187,502

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
2024	$2,107,197	$1,538,563	$7,935,592	$568,634
2023	$1,879,469	$1,420,756	$6,450,985	$458,713
2022	$1,865,641	$1,353,168	$5,614,586	$512,473
2021	$2,346,941	$1,111,032	$6,022,331	$1,235,909
2020	$1,183,218	$910,284	$4,636,316	$272,934
2019	$1,944,159	$1,448,523	$4,385,573	$495,636
2018	$1,768,229	$1,541,835	$3,968,482	$226,394

FOUNDATION FOR FREE ENTERPRISE EDUCATION