THOMAS B FORDHAM 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

1959

Legal Domicile

Phone

2022235452

Tax Period

2023-01-01 to 2023-12-31

THOMAS B FORDHAM FOUNDATION, founded in 1959, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Net assets of $75.1M represent 365 months of operating reserves.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $733,975 Revenue: $0

SUPPORTING NATIONAL EDUCATION POLICY REFORM: SUPPORTS THE THOMAS B. FORDHAM INSTITUTES EFFORTS TO PRODUCE RESEARCH STUDIES AND COMMENTARY ON NATIONAL EDUCATION POLICY ISSUES. OUR NATIONAL POLICY WORK IN 2023 FOCUSED ON PROMOTING EVIDENCE-BASED PRACTICES IN THE WAKE OF THE COVID PANDEMIC; PROMOTING HIGH QUALITY CAREER AND TECHNICAL EDUCATION; AND EXPANDING HIGH QUALITY CHARTER SCHOOLS AND OTHER SCHOOLS OF CHOICE.

Program 2

Expenses: $21,000 Revenue: $0

SUPPORTING EDUCATION POLICY REFORM IN OHIO: SUPPORTS THE THOMAS B. FORDHAM INSTITUTES EFFORTS TO PRODUCE AND DISSEMINATE REPORTS, COMMENTARY, AND POLICY BRIEFS IDENTIFYING EVIDENCE-BASED SOLUTIONS...

SUPPORTING EDUCATION POLICY REFORM IN OHIO: SUPPORTS THE THOMAS B. FORDHAM INSTITUTES EFFORTS TO PRODUCE AND DISSEMINATE REPORTS, COMMENTARY, AND POLICY BRIEFS IDENTIFYING EVIDENCE-BASED SOLUTIONS AND BEST-PRACTICE RECOMMENDATIONS FOR THE CURRENT CHALLENGES FACED BY THE LEADERS OF OHIOS SCHOOL SYSTEMS. THE FOUNDATION HELPS THE INSTITUTE ADVANCE POLICIES SUCH AS THOSE WHICH PROVIDE PARENTS ADDITIONAL CHOICES AND HOLD SCHOOLS ACCOUNTABLE IN HOPES OF NARROWING OHIOS ACHIEVEMENT GAP.

Program 3

Expenses: $987,007 Revenue: $1,027,459

CHARTER SCHOOL AUTHORIZING: THE THOMAS B. FORDHAM FOUNDATION SERVES AS THE AUTHORIZER FOR THIRTEEN OHIO-BASED CHARTER SCHOOLS SERVING MORE THAN 6,400 STUDENTS.OUR NATIONALLY RECOGNIZED...

CHARTER SCHOOL AUTHORIZING: THE THOMAS B. FORDHAM FOUNDATION SERVES AS THE AUTHORIZER FOR THIRTEEN OHIO-BASED CHARTER SCHOOLS SERVING MORE THAN 6,400 STUDENTS.OUR NATIONALLY RECOGNIZED CHARTER-AUTHORIZATION STAFF EVALUATES PROPOSALS FOR NEW CHARTER SCHOOLS, MONITORS THE COMPLIANCE AND PERFORMANCE OF OUR PORTFOLIO OF SCHOOLS, AND LENDS THEM FISCAL AND TECHNICAL ASSISTANCE.

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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 $0

Program Service Revenue $1,027,459

Investment Income $1,436,464

Other Revenue $1,123

TOTAL REVENUE $2,465,046

Expense Breakdown

Grants Paid $133,500

Salaries & Benefits $1,372,845

Fundraising Expenses $0

Program Expenses $1,741,982

Other Expenses $1,127,843

TOTAL EXPENSES $2,634,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,465,046	$2,482,473	0.0%
Expenses	$2,634,188	$3,225,258	-0.2%
Net Income	$-169,142	$-742,785	-0.8%

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

$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	$6,000	$0	$6,000
ROD PAIGE	TRUSTEE	0.50	Director	$3,000	$0	$3,000
CAPRICE YOUNG	TRUSTEE	0.50	Director	$6,000	$0	$6,000
IAN ROWE	TRUSTEE	0.50	Director	$5,000	$0	$5,000
DAVID DRISCOLL	CHAIRMAN/TRUSTEE	0.50	Officer Director	$6,000	$0	$6,000
THOMAS A HOLTON	SECRETARY AND TRUSTEE	0.50	Officer Director	$6,000	$0	$6,000
MICHAEL W KELLY	TREASURER AND TRUSTEE	0.50	Officer Director	$6,000	$0	$6,000
CHESTER E FINN JR	PRESIDENT EMERITUS AND TRUSTEE	3.50	Officer Director	$250,000	$30,420	$280,420
MICHAEL PETRILLI	PRESIDENT AND TRUSTEE	10.00	Officer Director	$367,843	$59,511	$427,354
GARY LABELLE	VP FOR FINANCE AND OPERATIONS	25.00	Officer	$213,500	$38,621	$252,121
AMBER NORTHERN	SENIOR VP FOR RESEARCH	2.00	Highest	$273,000	$44,190	$317,190
CHAD ALDIS	VP FOR OHIO POLICY AND ADVOCACY	0.50	Highest	$169,072	$22,754	$191,826
KATHRYN MULLEN-UPTON	VP FOR SPONSORSHIP AND DAYTON	50.00	Highest	$189,500	$40,735	$230,235
VICTORIA MCDOUGALD	CHIEF OF STAFF	10.00	Highest	$133,500	$28,423	$161,923
THEDA L SAMPSON	DIRECTOR FOR APPLICATIONS AND CONTRACTS	50.00	Highest	$109,150	$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	$2,465,046	$2,634,188	$75,889,511	$-169,142
2022	$2,482,473	$3,225,258	$68,013,361	$-742,785
2021	$2,582,974	$2,656,001	$79,254,597	$-73,027
2020	$1,715,313	$2,527,016	$69,510,863	$-811,703
2019	$1,398,390	$2,337,819	$58,559,254	$-939,429