BOSTON SCHOOLS FUND (EIN 473093274) - Form 990 Financial Analysis & Trantor Score

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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

BSF PROVIDES GRANTS AND TECHNICAL ASSISTANCE TO BOSTON SCHOOLS AND NON-PROFIT ORGANIZATIONS, ANALYZES AND SHARES BOSTON SCHOOL DATA AND INFORMATION OF THE PUBLIC, AND SUPPORTS PUBLIC POLICIES IN SUPPORT OF THIS MISSION AND VISION.

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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

BOSTON SCHOOLS FUND