SCHOOLS FOR SALONE

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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

2007

Legal Domicile

Principal Officer

CINDY NOFZIGER

Phone

2064980688

Tax Period

2023-01-01 to 2023-12-31

SCHOOLS FOR SALONE, founded in 2007, is a small nonprofit in the Education sector that reported $669K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

ADVANCING QUALITY EDUCATION IN SIERRA LEONE THROUGH LOCAL PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $126,417

CONSTRUCTION & MAINTENANCE: ONE NEW VOCATIONAL SCHOOL FOR GIRLS BUILT AND OPENED, 16 CLASSROOMS AND ONE LIBRARY REFURBISHED. TWO PRIMARY SCHOOLS WERE UNDER CONSTRUCTION.

Program 2

Expenses: $81,253

TEACHER SUPPORT (ADVANCING EDUCATION QUALITY): PARTNERED WITH THE LEARNING FOUNDATION TO CONDUCT LITERACY TRAINING WORKSHOPS FOR 135 TEACHERS AND LEAD REMEDIAL READING CLUBS FOR 429 STUDENTS WITH 19 TEACHERS. TWO DIGITAL READING CLUBS STARTED AS A PILOT PROJECT. PARTNERED WITH THE SIERRA LEONE BOOK TRUST TO OFFER THE INSPIRING READERS PROGRAM TO 620 CHILDREN IN THREE SCHOOLS. SPONSORED 89 TEACHERS FOR DISTANCE LEARNING TO EARN THEIR TEACHING CERTIFICATES. PARTNERED WITH PROGRAMME FOR CHILDREN FOR TEACHER SUPPORT AND TRAINING.

Program 3

Expenses: $49,622

GIRLS PROGRAM (PROMOTING EDUCATION EQUITY): PARTNERED WITH UMAN TOK AND PROGRAMME FOR CHILDREN TO PROVIDE SEXUAL REPRODUCTIVE HEALTH EDUCATION TO 4,748 CHILDREN. WE PROVIDED 1,464 MENSTRUATION KITS TO FEMALE STUDENTS AND 1,956 DIGNITY HEALTH KITS DISTRIBUTED TO ADOLESCENT BOYS. 74% OF SPONSORSHIPS ARE GIVEN TO GIRLS IN OUR SCHOOLS.

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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 $657,352

Program Service Revenue $0

Investment Income $16,163

Other Revenue $-4,202

TOTAL REVENUE $669,313

Expense Breakdown

Grants Paid $394,212

Salaries & Benefits $165,549

Fundraising Expenses $96,590

Program Expenses $503,455

Other Expenses $108,854

TOTAL EXPENSES $668,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$669,313	$596,125	+0.1%
Expenses	$668,615	$617,428	+0.1%
Net Income	$698	$-21,303	-1.0%

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

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

$97,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON BAYLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES MANNAH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA HERZ	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL GIBBONS	DIRECTOR	1.00	Director	$0	$0	$0
VICKIE REMOE	DIRECTOR	1.00	Director	$0	$0	$0
BIDEMI CARROL	DIRECTOR	1.00	Director	$0	$0	$0
CINDY NOFZIGER	EXECUTIVE DIRECTOR	40.00	Officer	$97,800	$0	$97,800

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	No data	No data	No data	No data
2023	$669,313	$668,615	$517,355	$698
2022	$596,125	$617,428	$514,410	$-21,303
2021	$752,238	$572,878	$535,061	$179,360
2020	$716,228	$667,643	$388,197	$48,585
2019	$508,570	$498,670	$307,541	$9,900
2018	$571,055	$530,634	$296,788	$40,421