Farmington Central Academic Foundation (EIN 371259667) - 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

1989

Legal Domicile

Principal Officer

Kathleen Kowal

Phone

3092454696

Tax Period

2023-07-01 to 2024-06-30

Farmington Central Academic Foundation, founded in 1989, is a small nonprofit in the Education sector that reported $384K in total revenue in fiscal year 2017. Revenue surged 305% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 85% operating margin.

Mission

Promote and award scholarships for higher learning for the benefit of Farmington High School students and graduates.

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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 $232,392

Program Service Revenue $0

Investment Income $96,937

Other Revenue $0

TOTAL REVENUE $329,329

Expense Breakdown

Grants Paid $204,500

Salaries & Benefits $0

Fundraising Expenses $286

Program Expenses $205,113

Other Expenses $2,244

TOTAL EXPENSES $206,744

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,329	$240,227	+0.4%
Expenses	$206,744	$271,627	-0.2%
Net Income	$122,585	$-31,400	-4.9%

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
Kathleen Kowal	President	0.50	Officer Director	$0	$0	$0
David Giagnoni	Vice President	0.25	Officer Director	$0	$0	$0
Elvessa Severt	Recording Secretary	0.50	Officer Director	$0	$0	$0
Kathy Welch	Corresponding Secretary	0.50	Officer Director	$0	$0	$0
Anne Stufflebeam	Co-Treasurer	0.50	Officer Director	$0	$0	$0
Michael Meyers	Co-Treasurer	0.25	Officer Director	$0	$0	$0
Sarah Keefer	Director	0.25	Director	$0	$0	$0
Marty Copple	Director	0.25	Director	$0	$0	$0
Ron Depperman	Director	0.25	Director	$0	$0	$0
Tamra Fulton	Director	0.25	Director	$0	$0	$0
Diane McCormick	Director	0.25	Director	$0	$0	$0
Verda Roberts	Director	0.25	Director	$0	$0	$0
Emily Webel	Director	0.25	Director	$0	$0	$0
Marci Fletcher	Director	0.25	Director	$0	$0	$0
Kent Ulm	Director	0.25	Director	$0	$0	$0
Kristin Shelby	Director	0.25	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	No data	No data	No data	No data
2024	$329,329	$206,744	$1,428,496	$122,585
2023	$240,227	$271,627	$1,313,189	$-31,400
2022	$293,653	$134,197	$1,369,873	$159,456
2021	$238,106	$112,678	$1,257,122	$125,428
2020	$105,953	$76,380	$1,036,597	$29,573
2019	$123,537	$82,439	$1,017,712	$41,098
2018	$383,908	$58,721	$987,358	$325,187

Farmington Central Academic Foundation