ALTOONA AREA SCHOOL DIST FOUNDATION (EIN 251578040) - 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

1988

Legal Domicile

Principal Officer

PAULA FOREMAN

Phone

8149468424

Tax Period

2024-07-01 to 2025-06-30

ALTOONA AREA SCHOOL DIST FOUNDATION, founded in 1988, is a small nonprofit in the Education sector that reported $801K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $609K, a strong 76% operating margin.

Mission

FINANCE & PROMOTE EDUCATIONAL PROJECTS

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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 $167,818

Program Service Revenue $0

Investment Income $74,155

Other Revenue $559,207

TOTAL REVENUE $801,180

Expense Breakdown

Grants Paid $181,125

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $181,125

Other Expenses $11,441

TOTAL EXPENSES $192,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$801,180	$1,023,930	-0.2%
Expenses	$192,566	$275,787	-0.3%
Net Income	$608,614	$748,143	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE KOOMAN-STARKEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARCUS EDWARDS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CORY TUBO	TREASURER & SECRETARY	2.00	Officer Director	$0	$0	$0
PATTY BURLINGAME	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CORSO	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK FANELLI	DIRECTOR	1.00	Director	$0	$0	$0
SAM IANUZZI	DIRECTOR	1.00	Director	$0	$0	$0
DAWN IGOE	DIRECTOR	1.00	Director	$0	$0	$0
MONICA JONES	DIRECTOR	1.00	Director	$0	$0	$0
CATHY KEEFE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LIVERMORE	DIRECTOR	1.00	Director	$0	$0	$0
BARRY WRIGHT	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	$801,180	$192,566	$5,221,040	$608,614
2024	$1,023,930	$275,787	$4,537,826	$748,143
2023	$534,130	$243,211	$3,789,683	$290,919
2022	$-194,431	$212,559	$3,498,764	$-406,990
2021	$911,271	$159,248	$3,905,754	$752,023
2020	$429,318	$185,506	$3,153,731	$243,812
2019	$911,515	$231,591	$2,909,919	$679,924

ALTOONA AREA SCHOOL DIST FOUNDATION