MADISON PUBLIC SCHOOLS FOUNDATION INC (EIN 392043104) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

MELINDA HEINRITZ

Phone

6082106900

Tax Period

2024-01-01 to 2024-12-31

MADISON PUBLIC SCHOOLS FOUNDATION INC, founded in 2001, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $13.5M represent 80 months of operating reserves.

Mission

TO PROVIDE FUNDING EXCLUSIVELY TO THE SCHOOLS OF THE MADISON METROPOLITAN SCHOOL DISTRICT IN SUPPORT OF CREATIVE INITIATIVES, CONSISTENT WITH SUSTAINING EXCELLENCE IN EDUCATION, WHICH PREVIOUSLY HAVE NOT BEEN FUNDED AND WHICH CANNOT BE FUNDED THROUGH THE CORE SCHOOL BUDGET.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,841,996

Program Service Revenue $0

Investment Income $176,255

Other Revenue $0

TOTAL REVENUE $2,018,251

Expense Breakdown

Grants Paid $910,716

Salaries & Benefits $742,142

Fundraising Expenses $217,687

Program Expenses $1,337,598

Other Expenses $357,876

TOTAL EXPENSES $2,010,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,018,251	$1,660,947	+0.2%
Expenses	$2,010,734	$2,800,576	-0.3%
Net Income	$7,517	$-1,139,629	-1.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$159,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ROMOLINO	CHAIR (BEG AUG)	1.00	Officer Director	$0	$0	$0
GARY JORDAN	CHAIR (THRU JULY)/DIRECTOR (BEG AUG)	1.00	Director	$0	$0	$0
JILL JOKELA	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
MICHELLE SLAWNY	VICE CHAIR/SECRETARY (BEGAN NOV)	1.00	Officer Director	$0	$0	$0
GLORIA REYES	VICE CHAIR/SECRETARY (THRU NOV)	1.00	Officer Director	$0	$0	$0
ALYSSA DOCKENDORFF	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
KERRY MOTOVILOFF	DIRECTOR	1.00	Director	$0	$0	$0
BETH GOEDDEL	DIRECTOR	1.00	Director	$0	$0	$0
ANDY LYONS	DIRECTOR	1.00	Director	$0	$0	$0
TED JUN	DIRECTOR	1.00	Director	$0	$0	$0
DAN KENNELLY	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MARIE MALECHA	DIRECTOR	1.00	Director	$0	$0	$0
MANDY MARCUM	DIRECTOR	1.00	Director	$0	$0	$0
MARTY MALLOY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KRAEMER	DIRECTOR	1.00	Director	$0	$0	$0
BADRI LANKELLA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MCGREGORY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA RIPLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOE LUEDKE	DIRECTOR	1.00	Director	$0	$0	$0
GINA MALAGOLD	DIRECTOR	1.00	Director	$0	$0	$0
PETER SZOTKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON REIMANN	DIRECTOR (THRU JULY)	1.00	Director	$0	$0	$0
BENJAMIN DICKEY	DIRECTOR (THRU JULY)	1.00	Director	$0	$0	$0
GISELE SUTHERLAND	DIRECTOR (THRU JULY)	1.00	Director	$0	$0	$0
SAMANTHA BARUAH	DIRECTOR (THRU JULY)	1.00	Director	$0	$0	$0
LISA KVISTAD	DIRECTOR (THRU JULY)	1.00	Director	$0	$0	$0
MELINDA HEINRITZ	PRESIDENT	35.00	Officer	$141,194	$17,888	$159,082

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
2024	$2,018,251	$2,010,734	$13,912,809	$7,517
2023	$1,660,947	$2,800,576	$13,262,523	$-1,139,629
2022	$1,716,885	$2,075,053	$13,553,610	$-358,168
2021	$3,995,199	$1,704,214	$14,577,695	$2,290,985
2020	$2,648,163	$1,348,586	$10,791,540	$1,299,577
2019	$1,676,637	$1,179,464	$9,011,063	$497,173
2018	$1,801,593	$1,074,339	$7,763,127	$727,254

MADISON PUBLIC SCHOOLS FOUNDATION INC