Foundations in Education Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

HOLLY DOHERTY-LEMOINE

Phone

2034161642

Tax Period

2024-07-01 to 2025-06-30

Foundations in Education Inc, founded in 2015, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $17.4M in total revenue in fiscal year 2024. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.7M, a strong 62% operating margin.

Mission

TO STRENGTHEN AND TRANSFORM THE MISSION OF CATHOLIC EDUCATION IN THE DIOCESE OF BRIDGEPORT BY PROVIDING TUITION ASSISTANCE TO FAMILIES IN NEED, SUPPORTING INNOVATION IN ACADEMIC PROGRAMS, AND FOSTERING OPPORTUNITIES FOR THE PROFESSIONAL DEVELOPMENT OF SCHOOL LEADERS.

Program Service Accomplishments

Program 1

Expenses: $6,079,307

AWARDED NEARLY 1,200 STUDENTS TUITION ASSISTANCE AND 21 TEACHERS INNOVATION AND LEADERSHIP GRANTS. SUPPORTED TRANSFORMATIVE PROJECTS AT A HIGH SCHOOL AND SOME ELEMENTARY SCHOOLS ACROSS THE DIOCESE OF...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,271,322

Program Service Revenue $0

Investment Income $2,966,658

Other Revenue $113,346

TOTAL REVENUE $17,351,326

Expense Breakdown

Grants Paid $5,942,478

Salaries & Benefits $485,524

Fundraising Expenses $233,411

Program Expenses $6,079,307

Other Expenses $177,144

TOTAL EXPENSES $6,605,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,351,326	$6,777,905	+1.6%
Expenses	$6,605,146	$6,054,931	+0.1%
Net Income	$10,746,180	$722,974	+13.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$471,809

Total Directors

$526,719

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Hanlon	Treasurer - Term. 12/1/24	1.0	Officer Director	$0	$12,802	$268,850
Anne O McCrory	TRUSTEE	1.0	Director	$0	$12,279	$257,869
Holly Doherty-Lemoine	Executive Director	50.0	Officer	$190,916	$12,043	$202,959
Thomas E McInerney	TRUSTEE	1.0	Director	$0	$0	$0
Dr Julia McNamara	Trustee	1.0	Director	$0	$0	$0
Bernard Reidy	Trustee	1.0	Director	$0	$0	$0
David Cappiello	Trustee	1.0	Director	$0	$0	$0
Joseph Purcell	CHAIRMAN	1.0	Officer Director	$0	$0	$0
George Coleman	Trustee	1.0	Director	$0	$0	$0
Andrea Maldon	Trustee	1.0	Director	$0	$0	$0
Sister Mary Grace Walsh	Trustee	1.0	Director	$0	$0	$0
Leslie Lopez	Trustee	1.0	Director	$0	$0	$0
Michele Mitola	SECRETARY	1.0	Officer Director	$0	$0	$0
Tim Fitzpatrick	Trustee	1.0	Director	$0	$0	$0
Jennifer St Victor - de Pinho	Trustee	1.0	Director	$0	$0	$0
Tom McDevitt	Trustee	1.0	Director	$0	$0	$0
GEOFFREY Raker	Trustee	1.0	Director	$0	$0	$0
Barbara Ripp	Trustee	1.0	Director	$0	$0	$0
Henry Rondon	Trustee	1.0	Director	$0	$0	$0
Lisa Ferraro Martino	Trustee	1.0	Director	$0	$0	$0
PAULA SUMMA	Treasurer	1.0	Officer Director	$0	$0	$0
Joseph Rahtelli III	Trustee	1.0	Director	$0	$0	$0
Allison Reiling	Trustee	1.0	Director	$0	$0	$0
Tom Cassidy	Trustee - Starting 12/1/24	1.0	Director	$0	$0	$0
John Corraro	Trustee - Starting 12/1/24	1.0	Director	$0	$0	$0
Kara Klein	Trustee - Starting 12/1/24	1.0	Director	$0	$0	$0
Joseph Matthews	Trustee - Starting 12/1/24	1.0	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	$17,351,326	$6,605,146	$59,771,846	$10,746,180
2024	$6,777,905	$6,054,931	$43,643,954	$722,974
2023	$7,032,652	$6,118,695	$40,425,890	$913,957
2022	$11,526,982	$5,853,047	$36,181,181	$5,673,935
2021	$7,774,687	$7,638,169	$35,937,020	$136,518
2020	$5,817,272	$5,023,515	$30,835,511	$793,757
2019	$12,146,064	$4,690,676	$17,853,034	$7,455,388
2018	$9,460,447	$3,129,478	$10,481,744	$6,330,969