DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE NEW COMMON SCHOOL FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Net assets of $35.5M represent 59 months of operating reserves.
THE FOUNDATION'S PURPOSE IS TO EXPLORE THE PROMOTION OF EXCELLENCE IN EDUCATION, BOTH PUBLIC AND PRIVATE, WITH THE EXPANDED USE OF VOLUNTEERS AND TUTORS, THE DEVELOPMENT OF FUNDING SOURCES, THE TRANSFORMATION OF TEACHING AND LEARNING, THE FORMATION OF CHARACTER IN THE JESUIT TRADITION OF HOLINESS, AND SEEKING EFFORTS TO DEVELOP ONE OR ALL OF WHAT THE REV. DR. MARTIN LUTHER KING CALLED THE THREE DIMENSIONS OF THE COMPLETE LIFE, ALONE IN OR IN PARTNERSHIP WITH SECULAR AND RELIGIOUS ORDERS. FURTHER TO PROMOTE DIRECT GRANTS, CONTRIBUTIONS, LOANS AND/OR OTHER FUND ASSISTANCE TO LOCAL AND NATIONAL RELIGIOUS ORGANIZATIONS, NONPROFIT ORGANIZATIONS AND TO PUBLIC CHARTER SCHOOL MANAGEMENT COMPANIES TO ACCOMPLISH THE FOREGOING; AND TO RECEIVE AND ADMINISTER FUNDS FOR SUCH PURPOSES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,197,675 | $5,202,613 | +0.4% |
| Expenses | $7,296,448 | $4,212,998 | +0.7% |
| Net Income | $-98,773 | $989,615 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| W CLARK DURANT III | PRESIDENT/TREASURER | 60.00 |
Officer
Director
|
$475,000 | $37,172 | $512,172 |
| CAROL MANSFIELD | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| JEFFREY T NEILSON | CHAIRMAN | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| MARY ANN JOHNSON | DIRECTOR OF FINANCE | 40.00 |
Highest
|
$171,883 | $2,157 | $174,040 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2024 | $7,197,675 | $7,296,448 | $44,150,067 | $-98,773 |
| 2023 | $5,202,613 | $4,212,998 | $45,305,392 | $989,615 |
| 2022 | $6,997,203 | $5,257,084 | $44,389,188 | $1,740,119 |
| 2021 | $5,515,596 | $3,634,068 | $40,234,956 | $1,881,528 |
| 2020 | $3,300,718 | $3,590,047 | $33,369,993 | $-289,329 |
| 2019 | $8,595,431 | $3,054,177 | $33,376,886 | $5,541,254 |
| 2018 | $5,490,325 | $13,151,066 | $32,407,255 | $-7,660,741 |
Compare THE NEW COMMON SCHOOL FOUNDATION with other nonprofits in Michigan and across the country.