The Friends of Foundation Academy Inc (EIN 272091277) - 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

2010

Legal Domicile

Principal Officer

Donald Hofmann

Phone

6099209200

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

To support, enhance and promote the work of Foundation Academies by raising funds and delivering services, programs, and partnerships that equitably serve the best interests of our school community.

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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 $843,769

Program Service Revenue $779,793

Investment Income $1,082,132

Other Revenue $4,706

TOTAL REVENUE $2,710,400

Expense Breakdown

Grants Paid $62,474

Salaries & Benefits $0

Fundraising Expenses $115,736

Program Expenses $1,959,998

Other Expenses $2,283,194

TOTAL EXPENSES $2,345,668

Year-over-Year Comparison

	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%

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

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

The Friends of Foundation Academy Inc