FOUNDATION FOR SALINE AREA SCHOOLS

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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

1987

Legal Domicile

Principal Officer

CAROLYN MCFARLANE

Phone

7344014085

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR SALINE AREA SCHOOLS, founded in 1987, is a small nonprofit that reported $244K in total revenue in fiscal year 2024. Expenses of $217K left a modest 11% surplus.

Mission

ENRICHMENT PROGRAMS AND OTHER PROJECTS AIMED AT ENHANCING THE QUALITY OF EDUCATION AND EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $142,932

AWARDING SALINE AREA SCHOOLS TEACHING AND BUILDING/DISTRICT GRANTS USED TO IMPROVE THE QUALITY OF EDUCATION FOR STUDENTS IN AND ACROSS CLASSROOMS AND BUILDINGS THROUGHOUT THE 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 (2024)

Revenue Breakdown

Contributions & Grants $171,362

Program Service Revenue $0

Investment Income $50,141

Other Revenue $22,558

TOTAL REVENUE $244,061

Expense Breakdown

Grants Paid $120,859

Salaries & Benefits $54,744

Fundraising Expenses $40,686

Program Expenses $142,932

Other Expenses $41,152

TOTAL EXPENSES $216,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,061	$243,803	+0.0%
Expenses	$216,755	$239,393	-0.1%
Net Income	$27,306	$4,410	+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

$54,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY RUMPSA	EXEC. DIRECT	30.00	Officer	$54,745	$0	$54,745
LISA CHENEVEY	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA EVANS	TRUSTEE	1.00	Director	$0	$0	$0
ADRIANNE FUHS	TRUSTEE	1.00	Director	$0	$0	$0
AMY GOOD	TRUSTEE	1.00	Director	$0	$0	$0
SARAH KLEINOW	TRUSTEE	1.00	Director	$0	$0	$0
ASTRAEA LILLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIC MCCLELLAND	TREASURER	2.00	Director	$0	$0	$0
CAROLYN MCFARLANE	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS MYERS	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
KATIE NADIG	TRUSTEE	1.00	Officer Director	$0	$0	$0
AMY SANKARAN	TRUSTEE	1.00	Director	$0	$0	$0
LINDSAY SCHULTZ	TRUSTEE	1.00	Director	$0	$0	$0
JULIE SIMON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ANNE WHITE	TRUSTEE	1.00	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	$244,061	$216,755	$1,387,730	$27,306
2024	$243,803	$239,393	$1,278,556	$4,410
2023	$219,849	$218,950	$1,214,707	$899
2022	$336,001	$208,944	$1,139,285	$127,057
2021	$242,815	$174,328	$1,181,821	$68,487
2020	$323,270	$147,985	$945,923	$175,285
2019	$219,937	$141,730	$815,460	$78,207
2018	$258,646	$213,101	$713,781	$45,545