FOUNDATION FOR ED OPP AT WIC SCHOOL (EIN 383147380) - 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

1994

Legal Domicile

Principal Officer

DON BASTIANELLO

Phone

9062659218

Tax Period

2020-07-01 to 2021-06-30

FOUNDATION FOR ED OPP AT WIC SCHOOL, founded in 1994, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2020. Revenue surged 2557% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 93% operating margin.

Mission

TO RECEIVE AND DISBURSE FUNDS AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF WEST IRON COUNTY SCHOOLS, OR ANY ORGANIZATION TO SUCCEED THE BOARD OF TRUSTEES OF WEST IRON COUNTY SCHOOLS. THE FOUNDATION WAS ESTABLISHED TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS AND DISTRIBUTE FUNDS FOR EDUCATIONAL PROJECTS, MINI-GRANTS FOR TEACHERS AND SCHOLARSHIPS FOR GRADUATES OF WEST IRON COUNTY SCHOOLS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,475,750

Program Service Revenue $0

Investment Income $1,867,683

Other Revenue $500

TOTAL REVENUE $5,343,933

Expense Breakdown

Grants Paid $336,122

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $336,122

Other Expenses $15,003

TOTAL EXPENSES $351,125

Year-over-Year Comparison

	2020	2019	Change
Revenue	$5,343,933	$201,097	+25.6%
Expenses	$351,125	$332,866	+0.1%
Net Income	$4,992,808	$-131,769	-38.9%

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

N/A

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
KAREN ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
DON BASTIANELLO	TREASURER	4.00	Officer Director	$0	$0	$0
RICK KENT	TRUSTEE	1.00	Director	$0	$0	$0
TIM PERUZZI	TRUSTEE	1.00	Director	$0	$0	$0
ROY POLICH	TRUSTEE	1.00	Director	$0	$0	$0
LEE ROMETTI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRIS THOMSON	TRUSTEE	1.00	Director	$0	$0	$0
JON WAARA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY HEBERT	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY JACOBS	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
2021	$5,343,933	$351,125	$9,446,298	$4,992,808
2020	$201,097	$332,866	$4,453,490	$-131,769
2019	$334,151	$251,596	$4,585,259	$82,555
2018	$433,608	$234,912	$4,502,704	$198,696

FOUNDATION FOR ED OPP AT WIC SCHOOL