HUTCHINSON RIVER EDUCATION FOUNDATION INC

EIN: 472426473 501(c)(3) Education

PELHAM, NY

Total Revenue
$2,355,186
Total Expenses
$1,768,833
Total Assets
$22,330,436
Net Assets
$21,428,572
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
CHRISTOPHER F GALLAGHER
Phone
7184300100
Tax Period
2023-09-01 to 2024-08-31

HUTCHINSON RIVER EDUCATION FOUNDATION INC, founded in 2014, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $586K, a strong 25% operating margin.

Mission

TO SUPPORT MONSIGNOR SCANLAN HIGH SCHOOL AND PROVIDE FINANCIAL SUPPORT FOR THE MAINTENANCE AND IMPROVEMENT OF THE SCHOOL CAMPUS ON WHICH OTHER NOT-FOR-PROFIT ENTITIES ARE LOCATED.

Program Service Accomplishments

Program 1
Expenses: $1,644,760 Revenue: $0

THE FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE MAINTENANCE AND IMPROVEMENT OF THE SCHOOL CAMPUS INCLUDING RENOVATIONS, REPAIRS, LANDSCAPING AND UPKEEP, FOR THE BENEFIT OF MONSIGNOR SCANLAN HIGH...

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THE FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE MAINTENANCE AND IMPROVEMENT OF THE SCHOOL CAMPUS INCLUDING RENOVATIONS, REPAIRS, LANDSCAPING AND UPKEEP, FOR THE BENEFIT OF MONSIGNOR SCANLAN HIGH SCHOOL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,000
Program Service Revenue $0
Investment Income $0
Other Revenue $2,255,186
TOTAL REVENUE $2,355,186

Expense Breakdown

Grants Paid $1,459,528
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,644,760
Other Expenses $309,305
TOTAL EXPENSES $1,768,833

Year-over-Year Comparison

2023 2022 Change
Revenue $2,355,186 $1,910,102 +0.2%
Expenses $1,768,833 $1,791,781 0.0%
Net Income $586,353 $118,321 +4.0%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER F GALLAGHER CHAIRMAN 5.00
Officer Director
$0 $0 $0
JOSEPH S SOLIMINE TREASURER 10.00
Officer Director
$0 $0 $0
RAMON VELEZ JR DIRECTOR 0.50
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 $2,355,186 $1,768,833 $22,330,436 $586,353
2023 $1,910,102 $1,791,781 $24,131,393 $118,321
2022 $1,590,540 $1,313,014 $26,347,198 $277,526
2021 $1,531,478 $892,051 $27,885,941 $639,427
2020 $1,546,126 $911,370 $28,593,160 $634,756
2019 $1,275,101 $1,513,229 $21,850,181 $-238,128
2019 $1,414,163 $1,513,229 $29,537,243 $-99,066
2018 $872,700 $754,440 $23,359,197 $118,260
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