PACE SCHOOL ENDOWMENT FUND

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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

1982

Legal Domicile

Principal Officer

AMIRA MCLEMORE WOLFSON

Phone

4122441900

Tax Period

2023-07-01 to 2024-06-30

PACE SCHOOL ENDOWMENT FUND, founded in 1982, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 88% operating margin.

Mission

TO INVEST AND MANAGE CONTRIBUTIONS FOR THE BENEFIT OF PACE SCHOOL, AN ORGANIZATION EXEMPT FROM INCOME TAX.

Program Service Accomplishments

Program 1

Expenses: $402,214 Revenue: $1,881,953

TRUST ESTABLISHED TO INVEST AND MANAGE CONTRIBUTIONS EXCLUSIVELY FOR THE BENEFIT OF PACE SCHOOL, AN ORGANIZATION EXEMPT FROM INCOME TAX, INCLUDING, WITHOUT LIMITATIONS TO SAME, SUCH EXPENDITURES AS: CAPITAL IMPROVEMENTS; SABBATICAL LEAVE FOR ELIGIBLE STAFF; SCHOLARSHIPS FOR STUDENTS; STAFF DEVELOPMENT; NEW EDUCATIONAL PROGRAMS AND SUSTAINING OR EXPANDING CURRENT PROGRAMS; IMPROVEMENTS TO EMPLOYEE BENEFIT PROGRAMS; REDUCTION OF THE PRINCIPAL AMOUNT OF MORTGAGE AND OTHER DEBTS.

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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 $1,501,049

Program Service Revenue $0

Investment Income $1,881,953

Other Revenue $0

TOTAL REVENUE $3,383,002

Expense Breakdown

Grants Paid $300,737

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $402,214

Other Expenses $102,277

TOTAL EXPENSES $403,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,383,002	$2,124,494	+0.6%
Expenses	$403,014	$309,926	+0.3%
Net Income	$2,979,988	$1,814,568	+0.6%

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

$251,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT FULESDAY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES ISLER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
LYNDA PETRICHEVICH	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER SENG	TRUSTEE	1.00	Director	$0	$0	$0
MATT HELFRICH	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN SHEPHERD	CEO (THRU JUNE 2024)	1.00	Officer	$0	$31,933	$251,617
AMIRA MCLEMORE WOLFSON	CEO EFFECTIVE APRIL 2024	0.00	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	No data	No data	No data	No data
2024	$3,383,002	$403,014	$23,260,395	$2,979,988
2023	$2,124,494	$309,926	$19,372,443	$1,814,568
2022	$2,007,146	$291,892	$17,358,504	$1,715,254
2021	$1,337,309	$318,210	$19,915,220	$1,019,099
2020	$1,483,389	$272,007	$15,798,471	$1,211,382
2019	$2,179,108	$202,638	$14,504,641	$1,976,470