Trenton, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Friends of Foundation Academy Inc, founded in 2010, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 13% surplus.
THE FRIENDS OF FOUNDATION ACADEMIES SUPPORTS, ENHANCES, AND PROMOTES THE WORK OF FOUNDATION ACADEMIES BY RAISING FUNDS AND DELIVERING SERVICES, PROGRAMS, AND PARTNERSHIPS THAT EQUITABLY SERVE THE BEST INTERESTS OF OUR SCHOOL COMMUNITY.
Under NJ law, charter schools may not build facilities with public funds. To expand and improve our high school facilities, the Friends of Foundation Academies purchased the neighboring vacant Holy...
Under NJ law, charter schools may not build facilities with public funds. To expand and improve our high school facilities, the Friends of Foundation Academies purchased the neighboring vacant Holy Cross rectory site and spent the better part of the 2018-19 school year constructing a new 10,217 square foot addition in the city's south ward. The existing school building received a complete HVAC, electrical, and interior upgrade. The Friends of FA proudly owns and maintains the high school campus and leases it back to the school.
Throughout college, there are several crucial moments that can put a student at risk of leaving school. The purpose of the Friends of Foundation Academy Knight Fund is to assist FAC alumni, currently...
Throughout college, there are several crucial moments that can put a student at risk of leaving school. The purpose of the Friends of Foundation Academy Knight Fund is to assist FAC alumni, currently enrolled in college or post-secondary institutions, in managing financial hardships that can hinder students from entering or persisting through their post-secondary schooling and careers. Through donations to the Friends of Foundation Academy, Inc, the Knight Fund provides awards, persistence grants and scholarships to deserving alumni.
Funds raised by the Friends of FA help to fill the stark public funding gap between FA and our district counterparts. Support from donations to the Friends provides high-quality enrichment...
Funds raised by the Friends of FA help to fill the stark public funding gap between FA and our district counterparts. Support from donations to the Friends provides high-quality enrichment opportunities for students and drives the training, development, and celebration of our remarkable faculty.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,710,400 | $1,308,775 | +1.1% |
| Expenses | $2,345,668 | $1,249,937 | +0.9% |
| Net Income | $364,732 | $58,838 | +5.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Donald Hofmann | Chair | 4.0 |
Officer
Director
|
$0 | $0 | $0 |
| Anthony Klockenbrink | Vice-Chair | 4.0 |
Officer
Director
|
$0 | $0 | $0 |
| Betsy Rendall | Secretary | 4.0 |
Officer
Director
|
$0 | $0 | $0 |
| Jacqueline Griffith | Treasurer | 4.0 |
Officer
Director
|
$0 | $0 | $0 |
| Dr Fitzroy Dawkins | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Jorgen Bundgaard Hansen | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Tamara Franklin | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,710,400 | $2,345,668 | $81,942,860 | $364,732 |
| 2024 | No data | No data | No data | No data |
| 2023 | $1,454,319 | $1,073,764 | $16,794,017 | $380,555 |
| 2022 | $1,229,160 | $1,170,350 | $16,563,364 | $58,810 |
| 2021 | $1,226,320 | $1,092,771 | $16,617,434 | $133,549 |
| 2020 | $1,270,911 | $269,292 | $16,305,696 | $1,001,619 |
| 2018 | $753,320 | $24,095 | $15,044,712 | $729,225 |
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