THE CONRAD FOUNDATION

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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

2008

Legal Domicile

Principal Officer

NANCY CONRAD

Phone

7143302853

Tax Period

2023-01-01 to 2023-12-31

THE CONRAD FOUNDATION, founded in 2008, is a small nonprofit in the Education sector that reported $530K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $116K, a strong 22% operating margin.

Mission

THE CONRAD FOUNDATION IS A 501C3 ORGANIZATION DEDICATED TO TRANSFORMING THE CURRENT METHODS OF TEACHING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) TO STUDENTS AGES 13-18. WE PROMOTE CONTEXTUAL LEARNING, INNOVATION AND ENTREPRENEURSHIP, AND FOSTER STUDENTS' ABILITIES TO APPLY THESE SKILLS TO BENEFIT HUMANITY AND TO CREATE A SUSTAINABLE WORLD FOR THIS AND FUTURE GENERATIONS. THE FOUNDATION IS THE ONLY ORGANIZATION OF ITS KIND TO COMBINE EDUCATION, INNOVATION AND ENTREPRENEURSHIP TO INSPIRE REAL WORLD SOLUTIONS DEVELOPED BY STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $367,265 Revenue: $172,739

THE CONRAD FOUNDATION'S CONRAD CHALLENGE BRINGS TOGETHER A DYNAMIC COMMUNITY OF INNOVATORS AND ENTREPRENEURS DRIVING A COLLABORATIVE MOVEMENT TO DEVELOP EXTRAORDINARY AND VIABLE SOLUTIONS TO BENEFIT OUR WORLD IN ONE OF FOUR AREAS: AEROSPACE & AVIATION, CYBER TECHNOLOGY & SECURITY, ENERGY & ENVIRONMENT, AND HEALTH & NUTRITION. THE ANNUAL BUSINESS AND TECHNICAL PLAN COMPETITION CHALLENGES TEAMS OF STUDENTS AGES 13-18 TO COMBINE INNOVATION AND ENTREPRENEURSHIP, ALONG WITH STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH), TO CREATE COMMERCIALLY-VIABLE PRODUCTS. THE CONRAD CHALLENGE REACHES ALL SOCIO-ECONOMIC LEVELS.

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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 $357,576

Program Service Revenue $168,719

Investment Income $4,020

Other Revenue $0

TOTAL REVENUE $530,315

Expense Breakdown

Grants Paid $37,089

Salaries & Benefits $0

Fundraising Expenses $3,750

Program Expenses $367,265

Other Expenses $373,226

TOTAL EXPENSES $414,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,315	$797,841	-0.3%
Expenses	$414,065	$899,707	-0.5%
Net Income	$116,250	$-101,866	-2.1%

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

N/A

Volunteers

400

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
NANCY CONRAD	BOARD CHAIRMAN	40.00	Officer Director	$0	$0	$0
NICOLAS COSTIDES	PRESIDENT & DIRECTOR	10.00	Officer Director	$0	$0	$0
ANDY STEINEM	TREASURER & DIRECTOR	10.00	Officer Director	$0	$0	$0
LAURA PETER	SECRETARY & DIRECTOR	5.00	Officer Director	$0	$0	$0
JACK GRIEM	DIRECTOR	10.00	Director	$0	$0	$0
CRAIG GELFOUND	DIRECTOR	2.00	Director	$0	$0	$0
RON GROSS	DIRECTOR	4.00	Director	$0	$0	$0
AKHIL JARIWALA	DIRECTOR	20.00	Director	$0	$0	$0
ANDREA LEE-ZUCKER	DIRECTOR	2.00	Director	$0	$0	$0
REGINA SCHOFIELD	DIRECTOR	2.00	Director	$0	$0	$0
SIMON GLINSKY	DIRECTOR	10.00	Director	$0	$0	$0
JOSEPH H ROTHENBERG	FORMER OFFICER & DIR	10.00		$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
2023	$530,315	$414,065	$340,054	$116,250
2022	$797,841	$899,707	$292,645	$-101,866
2021	$839,339	$808,090	$400,339	$31,249
2020	$876,114	$658,454	$365,418	$217,660
2019	$850,315	$835,408	$195,102	$14,907
2018	$352,326	$528,569	$118,040	$-176,243