BLOOMFIELD COMMUNITY SCHOOLS FOUND… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

KELLI FEHRINGER

Phone

6052542627

Tax Period

2023-01-01 to 2023-12-31

BLOOMFIELD COMMUNITY SCHOOLS FOUNDATION, founded in 1990, is a micro nonprofit in the Education sector that reported $55K in total revenue in fiscal year 2023. Expenses of $75K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE POST SECONDARY SCHOLARSHIPS TO LOCAL RESIDENTS AND HIGH SCHOOL STUDENTS AND PROMOTE BLOOMFIELD PUBLIC SCHOOL SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $73,105

PROVIDED 37 SCHOLARSHIPS TO LOCAL RESIDENTS AND HIGH SCHOOL STUDENTS WHO ARE FURTHERING THEIR POST SECONDARY EDUCATION AND PROMOTED BLOOMFIELD SCHOOLS ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $51,381

Program Service Revenue $0

Investment Income $3,795

Other Revenue $0

TOTAL REVENUE $55,176

Expense Breakdown

Grants Paid $72,588

Salaries & Benefits $0

Fundraising Expenses $136

Program Expenses $73,105

Other Expenses $2,249

TOTAL EXPENSES $74,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,176	$51,623	+0.1%
Expenses	$74,837	$62,543	+0.2%
Net Income	$-19,661	$-10,920	+0.8%

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
JOE ABBENHAUS	DIRECTOR	0.11	Director	$0	$0	$0
KELLI FEHRINGER	PRESIDENT	0.11	Officer Director	$0	$0	$0
CHERI HAVERKAMP	TREASURER	0.40	Officer Director	$0	$0	$0
CORY LOOMIS	DIRECTOR	0.11	Director	$0	$0	$0
MCGWIRE MACKEPRANG	DIRECTOR	0.11	Director	$0	$0	$0
ESTHER PEASE	DIRECTOR	0.11	Director	$0	$0	$0
CATHY STARK	SECRETARY	0.11	Officer Director	$0	$0	$0
BARB WILSON	DIRECTOR	0.11	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	$55,176	$74,837	$543,169	$-19,661
2022	$51,623	$62,543	$557,406	$-10,920
2021	$51,666	$57,786	$574,148	$-6,120
2020	$69,153	$42,316	$579,220	$26,837
2019	$48,247	$48,293	$552,383	$-46
2018	$52,496	$41,744	$552,429	$10,752

BLOOMFIELD COMMUNITY SCHOOLS FOUNDATION