NOVI EDUCATIONAL 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

1986

Legal Domicile

Principal Officer

ALISON DOLIN

Phone

2484491203

Tax Period

2022-07-01 to 2023-06-30

NOVI EDUCATIONAL FOUNDATION, founded in 1986, is a small nonprofit that reported $102K in total revenue in fiscal year 2022. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $148K exceeded revenue, resulting in a 45% operating deficit.

Mission

ENRICH THE EDUCATIONAL EXPERIENCE OF EACH STUDENT AND OUR COMMUNITY BY SUPPORTING LEARNING OPPORTUNITIES THAT REQUIRE FINANCIAL RESOURCES BEYOND THE DISTRICT

Program Service Accomplishments

Program 1

Expenses: $114,066

EDUCATIONAL ENRICHMENT THROUGH THE FUNDING OF GRANTS, SCHOLARSHIPS AND PROGRAMS OF THE NOVI COMMUNITY SCHOOL DISTRICT

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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 (2022)

Revenue Breakdown

Contributions & Grants $46,872

Program Service Revenue $0

Investment Income $-9,445

Other Revenue $64,726

TOTAL REVENUE $102,153

Expense Breakdown

Grants Paid $104,590

Salaries & Benefits $24,425

Fundraising Expenses $9,452

Program Expenses $114,066

Other Expenses $19,437

TOTAL EXPENSES $148,452

Year-over-Year Comparison

	2022	2021	Change
Revenue	$102,153	$413,315	-0.8%
Expenses	$148,452	$366,981	-0.6%
Net Income	$-46,299	$46,334	-2.0%

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
PUNITA DANI-THURMAN	SECRETARY	N/A	Officer	$0	$0	$0
ALISON DOLIN	PRESIDENT	N/A	Officer	$0	$0	$0
SANYA WESTON	TRUSTEE	N/A	Director	$0	$0	$0
KAREN KATINAS	TRUSTEE	N/A	Director	$0	$0	$0
JILL VIET	TREASURER	N/A	Officer	$0	$0	$0
SUE COLLINS-SCHROEDER	EXECUTIVE DI	N/A	Director	$0	$0	$0
MELISSA MORSE	TRUSTEE	N/A	Director	$0	$0	$0
ADAM STEVENSON	TRUSTEE	N/A	Director	$0	$0	$0
CHRISTINE LONG	TRUSTEE	N/A	Director	$0	$0	$0
DEJUAN WOODS	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$102,153	$148,452	$1,147,952	$-46,299
2022	$413,315	$366,981	$1,207,873	$46,334
2021	$188,982	$113,537	$984,605	$75,445
2020	$344,287	$189,671	$986,157	$154,616
2019	$185,645	$135,329	$768,095	$50,316