THOMAS B FORDHAM INSTITUTE (EIN 311816446) - 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

2001

Legal Domicile

Phone

2022235452

Tax Period

2023-01-01 to 2023-12-31

THOMAS B FORDHAM INSTITUTE, founded in 2001, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $3.9M exceeded revenue, resulting in a 84% operating deficit.

Mission

THE THOMAS B. FORDHAM INSTITUTE IS THE NATIONS LEADER IN ADVANCING EDUCATIONAL EXCELLENCE THROUGH QUALITY RESEARCH, ANALYSIS, AND COMMENTARY, AS WELL AS ON-THE-GROUND ACTION AND ADVOCACY IN OHIO.

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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 $1,986,481

Program Service Revenue $0

Investment Income $113,083

Other Revenue $4,638

TOTAL REVENUE $2,104,202

Expense Breakdown

Grants Paid $23,891

Salaries & Benefits $2,590,718

Fundraising Expenses $242,356

Program Expenses $3,447,508

Other Expenses $1,247,844

TOTAL EXPENSES $3,862,453

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,104,202	$1,050,355	+1.0%
Expenses	$3,862,453	$3,139,829	+0.2%
Net Income	$-1,758,251	$-2,089,474	-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

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

$977,895

Total Directors

$745,774

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUNO V MANNO	DIRECTOR	0.50	Director	$0	$0	$0
STEFANIE SANFORD	TRUSTEE	0.50	Director	$0	$0	$6,000
ROD PAIGE	TRUSTEE	0.50	Director	$0	$0	$3,000
CAPRICE YOUNG	TRUSTEE	0.50	Director	$0	$0	$6,000
IAN ROWE	TRUSTEE	0.50	Director	$0	$0	$5,000
DAVID DRISCOLL	CHAIRMAN/TRUSTEE	0.50	Officer Director	$0	$0	$6,000
THOMAS A HOLTON	SECRETARY AND TRUSTEE	0.50	Officer Director	$0	$0	$6,000
MICHAEL W KELLY	TREASURER AND TRUSTEE	0.50	Officer Director	$0	$0	$6,000
CHESTER E FINN JR	PRESIDENT EMERITUS AND TRUSTEE	46.50	Officer Director	$0	$30,420	$280,420
MICHAEL PETRILLI	PRESIDENT AND TRUSTEE	40.00	Officer Director	$0	$59,511	$427,354
GARY LABELLE	VP FOR FINANCE AND OPERATIONS	25.00	Officer	$0	$38,621	$252,121
AMBER NORTHERN	SENIOR VP FOR RESEARCH	48.00	Highest	$0	$44,190	$317,190
CHAD ALDIS	VP FOR OHIO POLICY AND ADVOCACY	49.50	Highest	$0	$22,754	$191,826
KATHRYN MULLEN-UPTON	VP FOR SPONSORSHP AND DAYTON	0.00	Highest	$0	$40,735	$230,235
VICTORIA MCDOUGALD	CHIEF OF STAFF	40.00	Highest	$0	$28,423	$161,923
THEDA L SAMPSON	DIRECTOR FOR APPLICATIONS AND CONTRACTS	0.00	Highest	$0	$45,904	$155,054

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	$2,104,202	$3,862,453	$6,448,968	$-1,758,251
2022	$1,050,355	$3,139,829	$7,314,951	$-2,089,474
2021	$4,932,903	$3,434,518	$10,011,588	$1,498,385
2020	$2,266,040	$3,620,616	$6,996,430	$-1,354,576
2019	$2,169,138	$3,739,542	$8,441,148	$-1,570,404

THOMAS B FORDHAM INSTITUTE