FARMINGTON-FARMINGTON HILLS EDUCATION FOUNDATION

EIN: 460707469 501(c)(3) Education

Farmington, MI

Total Revenue
$123,986
Total Expenses
$111,757
Total Assets
$170,026
Net Assets
$170,026
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MI
Principal Officer
Lisa Holmes
Phone
2484262897
Tax Period
2024-07-01 to 2025-06-30

FARMINGTON-FARMINGTON HILLS EDUCATION FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $124K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $112K left a modest 10% surplus.

Mission

The Farmington/Farmington Hills Education Foundation was established in July 2012 to promote and support innovative educational opportunities to benefit the students of Farmington Public Schools. We engage in fundraising, relationship building and granting money to educational projects.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $134,025
Program Service Revenue $0
Investment Income $1,924
Other Revenue $-11,963
TOTAL REVENUE $123,986

Expense Breakdown

Grants Paid $99,168
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,168
Other Expenses $12,589
TOTAL EXPENSES $111,757

Year-over-Year Comparison

2024 2023 Change
Revenue $123,986 $143,407 -0.1%
Expenses $111,757 $129,019 -0.1%
Net Income $12,229 $14,388 -0.2%
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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane Bauman Trustee 5
Director
$0 $0 $0
Kelly Coffin Superintendent of Schools 1
Director
$0 $0 $0
Vonetta Sanders Trustee 1
Director
$0 $0 $0
Santoria Shepherd Trustee 5
Director
$0 $0 $0
Mari Anne Wilcox Trustee 1
Director
$0 $0 $0
Jessica Cummings Trustee 5
Director
$0 $0 $0
Lynn Halton Trustee 5
Director
$0 $0 $0
Denise Gundle-White Trustee 5
Director
$0 $0 $0
Jim White Trustee 5
Director
$0 $0 $0
Trevor Medema Trustee 5
Director
$0 $0 $0
Kathleen Clark Trustee 5
Director
$0 $0 $0
Marzel Hightower Trustee 5
Director
$0 $0 $0
David Workman Chair 10
Officer
$0 $0 $0
Rodney Williams Vice Chair 1
Officer
$0 $0 $0
Lisa Holmes Vice Chair 10
Officer
$0 $0 $0
Verneece Boateng Secretary 5
Officer
$0 $0 $0
David Roggenkamp Treasurer 20
Officer
$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 $123,986 $111,757 $170,026 $12,229
2024 $143,407 $129,019 $150,140 $14,388
2023 $132,205 $87,348 $130,543 $44,857
2022 $140,897 $96,917 $85,686 $43,980
2021 $85,411 $90,892 $39,982 $-5,481
2020 $147,082 $209,179 $27,724 $-62,097
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