THE FOUNDATION FOR ANDOVER 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

1997

Legal Domicile

Principal Officer

ALISSA THURMAN

Phone

3162184643

Tax Period

2022-07-01 to 2023-06-30

THE FOUNDATION FOR ANDOVER SCHOOLS, founded in 1997, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE FOUNDATION PROVIDES RESOURCES TO ASSURE EXCELLENCE IN THE EDUCATIONAL EXPERIENCE OF ALL STUDENTS THROUGH A PARTNERSHIP OF OUR COMMUNITY AND THE ANDOVER PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $54,056

GRANTS ARE AWARDED TO TEACHERS AND STAFF TO FUND INNOVATIVE EDUCATIONAL OPPORTUNITIES. THESE GRANTS ARE USED FOR CURRICULUM ENHANCEMENTS AND PRESENTATIONS, RESOURCE MATERIALS, BOOKS, SOFTWARE...

GRANTS ARE AWARDED TO TEACHERS AND STAFF TO FUND INNOVATIVE EDUCATIONAL OPPORTUNITIES. THESE GRANTS ARE USED FOR CURRICULUM ENHANCEMENTS AND PRESENTATIONS, RESOURCE MATERIALS, BOOKS, SOFTWARE, TECHNOLOGY AND OTHER EDUCATIONAL EQUIPMENT. APPROXIMATELY 5,565 STUDENTS BENEFITED.

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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 $76,980

Program Service Revenue $0

Investment Income $30,550

Other Revenue $-23,273

TOTAL REVENUE $84,257

Expense Breakdown

Grants Paid $49,484

Salaries & Benefits $0

Fundraising Expenses $4,572

Program Expenses $54,056

Other Expenses $44,831

TOTAL EXPENSES $94,315

Year-over-Year Comparison

	2022	2021	Change
Revenue	$84,257	$180,703	-0.5%
Expenses	$94,315	$89,439	+0.1%
Net Income	$-10,058	$91,264	-1.1%

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
TRAVIS SEARS	PRESIDENT	4.00	Officer Director	$0	$0	$0
ALISSA THURMAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MERCEDES HAYES	SECRETARY	2.00	Officer Director	$0	$0	$0
KARI SEARS	TREASURER	2.00	Officer Director	$0	$0	$0
WHITNEY WARD	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
MEGAN KICE	DIRECTOR - A	2.00	Officer Director	$0	$0	$0
SHANIE RUCKER	DIRECTOR	2.00	Director	$0	$0	$0
SHEILAGH GERBER	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE NEUGENT	DIRECTOR	2.00	Director	$0	$0	$0
AMELIA BARDWELL	DIRECTOR	2.00	Director	$0	$0	$0
DIDI VINCENT	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN ALBRIGHT	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$84,257	$94,315	$1,079,978	$-10,058
2022	$180,703	$89,439	$1,049,187	$91,264
2021	$75,543	$52,411	$1,130,182	$23,132
2020	$162,498	$147,445	$929,831	$15,053
2019	$69,431	$106,205	$933,499	$-36,774