BOSTON SCHOOLS FUND

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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

2015

Legal Domicile

Principal Officer

WILLIAM AUSTIN

Phone

6174197100

Tax Period

2023-07-01 to 2024-06-30

BOSTON SCHOOLS FUND, founded in 2015, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.0M exceeded revenue, resulting in a 42% operating deficit.

Mission

BOSTON SCHOOLS FUND (BSF) IS A NON-PROFIT ORGANIZATION THAT ADVANCES EDUCATIONAL EQUITY THROUGH OPPORTUNITY AND ACCESS TO HIGH-QUALITY SCHOOLS. THE BSF TEAM WAKES UP EVERY DAY WITH ONE GOAL: INCREASE THE NUMBER OF CHILDREN IN BOSTON ATTENDING A HIGH-QUALITY SCHOOL. WE ACCOMPLISH THIS BY PROVIDING CAPACITY AND RESOURCES FOR HIGH-QUALITY SCHOOLS TO EXPAND AND IMPROVE; SHARING DATA AND INFORMATION; COLLABORATING WITH FAMILIES AND PARTNERS; INFLUENCING POLICY; AND COMMITTING TO VALUES OF DIVERSITY, EQUITY, INCLUSION, AND ANTI-RACISM IN OUR WORK. WE HAVE WORKED CLOSELY WITH CITY AND STATE LEADERS TO ENSURE THAT BOSTON ADVANCES POLICIES WHICH EXPAND ACCESS TO HIGH-QUALITY SCHOOLS FOR HISTORICALLY MARGINALIZED STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $2,079,148

SCHOOL INVESTMENT - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIALSUPPORT OF HIGH-QUALITY, BOSTON-BASED SCHOOLS, THAT SERVE A HIGHPROPORTION OF ECONOMICALLY DISADVANTAGED STUDENTS, BLACK AND/OR...

SCHOOL INVESTMENT - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIALSUPPORT OF HIGH-QUALITY, BOSTON-BASED SCHOOLS, THAT SERVE A HIGHPROPORTION OF ECONOMICALLY DISADVANTAGED STUDENTS, BLACK AND/OR LATINOSTUDENTS, STUDENTS WITH DISABILITIES, OR ENGLISH LEARNERS, AS THEY PLANFOR GROWTH AND EXECUTE EXPANSION OR REDESIGN PLANS.

Program 2

Expenses: $402,868

DATA AND RESEARCH - INTENDED TO PERFORM RESEARCH, BUILD ORGANIZATIONAL DATA CAPACITY, AND MAINTAIN BOSTON SCHOOL FINDER WEB TOOL TO ASSIST FAMILIES IN LEARNING ABOUT SCHOOLS AND FINDING THE SCHOOL...

DATA AND RESEARCH - INTENDED TO PERFORM RESEARCH, BUILD ORGANIZATIONAL DATA CAPACITY, AND MAINTAIN BOSTON SCHOOL FINDER WEB TOOL TO ASSIST FAMILIES IN LEARNING ABOUT SCHOOLS AND FINDING THE SCHOOL THAT BEST MEETS THEIR NEEDS.

Program 3

Expenses: $209,576

POLICY AND ADVOCACY - INCLUDES ALL OF BSF'S FINANCIAL AND NON-FINANCIALSUPPORT TO COMMUNITY-BASED ORGANIZATIONS TO ADVANCE EDUCATION AS APRIMARY ISSUE FOR BOSTON RESIDENTS AND SUPPORT POLICIES THAT WILL DRIVEGREATER ACCESS FOR BOSTON'S FAMILIES TO HIGH-QUALITY SCHOOLS,ESPECIALLY THOSE WHO HAVE THE LEAST ACCESS TODAY.

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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 $2,125,500

Program Service Revenue $0

Investment Income $3,651

Other Revenue $3,200

TOTAL REVENUE $2,132,351

Expense Breakdown

Grants Paid $868,642

Salaries & Benefits $1,851,123

Fundraising Expenses $115,263

Program Expenses $2,691,592

Other Expenses $313,900

TOTAL EXPENSES $3,033,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,132,351	$1,912,340	+0.1%
Expenses	$3,033,665	$2,679,516	+0.1%
Net Income	$-901,314	$-767,176	+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

Governance

Voting Members

Independent Members

Employees

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

$701,940

Total Directors

$240,804

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM AUSTIN	FOUNDER & CEO	40.00	Officer Director	$195,095	$45,709	$240,804
LISA JACKSON	CHAIR	5.00	Officer Director	$0	$0	$0
ANDREA WOLFE	SECRETARY	2.00	Officer Director	$0	$0	$0
TAMMY TAI	DIRECTOR	2.00	Director	$0	$0	$0
HENRY BOYE	DIRECTOR	2.00	Director	$0	$0	$0
CLAIRE NEWTON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN NELSON	DIRECTOR	2.00	Director	$0	$0	$0
RANA KANNAN	CHIEF OPERATING OFFICER	40.00	Officer	$192,179	$45,709	$237,888
KERRY DONAHUE	CHIEF STRATEGY OFFICER	40.00	Officer	$192,179	$31,069	$223,248
MEGHAN O'KEEFE	MANAGING DIRECTOR OF INVESTMENT	40.00	Highest	$164,645	$34,969	$199,614
IRENE DENNISON	DIRECTOR OF SCHOOL SUPPORT	40.00	Highest	$110,500	$8,569	$119,069

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	$2,132,351	$3,033,665	$1,111,249	$-901,314
2023	$1,912,340	$2,679,516	$1,954,877	$-767,176
2022	$2,444,206	$2,652,430	$2,706,473	$-208,224
2021	$2,679,171	$2,839,015	$3,248,336	$-159,844
2020	$2,130,387	$3,467,562	$3,409,938	$-1,337,175
2019	$3,765,124	$3,137,250	$4,572,898	$627,874