FOUNDATIONS INC

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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

1992

Legal Domicile

Principal Officer

MICHAEL PIAZZA-SUGARMAN

Phone

8565331600

Tax Period

2023-09-01 to 2024-08-31

FOUNDATIONS INC, founded in 1992, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2023. Expenses of $9.8M left a modest 4% surplus.

Mission

FOUNDATIONS IS DEDICATED TO IMPROVING THE QUALITY OF EDUCATION FOR OUR NATION'S MOST VULNERABLE CHILDREN BY STRENGTHENING THE SKILLS OF EDUCATORS THROUGH PROFESSIONAL LEARNING. FOUNDATIONS, INC. IS A NOT-FOR-PROFIT EDUCATIONAL SERVICE ORGANIZATION COMMITTED TO BUILDING THE QUALITY OF EDUCATIONAL OPPORTUNITIES FOR CHILDREN, YOUTH, AND FAMILIES IN UNDERSERVED COMMUNITIES THROUGH WORK WITH PUBLIC CHARTER SCHOOLS, SCHOOL DISTRICTS, EDUCATION AND COMMUNITY-BASED ORGANIZATIONS, AND AFTERSCHOOL PROGRAM PROVIDERS. THE ORGANIZATION FOCUSES ON CAPACITY-BUILDING THROUGH PROFESSIONAL LEARNING, TECHNICAL ASSISTANCE, PROGRAM DEVELOPMENT, SUPPORTING TOOLS, AND SERVICES. THE ORGANIZATION RECEIVES ITS SUPPORT FROM VARIOUS SOURCES INCLUDING FOUNDATION GRANT PROGRAMS, GOVERNMENT GRANTS, PERFORMANCE CONTRACTS, PRODUCT SALES, CONTRIBUTIONS FROM FOUNDATIONS, AND CONFERENCE FEES.

Program Service Accomplishments

Program 1

Expenses: $2,544,118 Revenue: $3,137,136

THE CENTER FOR AFTERSCHOOL AND EXPANDED LEARNING PROVIDED ONLINE WEBINAR TRAININGS TO AN ESTIMATED 1,700 PARTICIPANTS FROM ALL 50 STATES ACROSS THE NATION, THE DISTRICT OF COLUMBIA, PUERTO RICO, AND PARTS OF THE WORLD. THIS YEAR, THE CENTER HAS DISTRIBUTED 200 RESOURCES TO AFTERSCHOOL PRACTITIONERS NATIONWIDE. ADDITIONALLY, THE CENTER OPERATED 8 AFTERSCHOOL PROGRAMS INVOLVING 1,400 ELEMENTARY THROUGH 12TH GRADE STUDENTS IN PHILADELPHIA SCHOOLS.

Program 2

Expenses: $2,447,820 Revenue: $2,596,022

THE OFFICE OF EDUCATION AND INNOVATION PROVIDED PROFESSIONAL LEARNING, LEADERSHIP AND INSTRUCTIONAL COACHING, CURRICULUM REVIEW AND REDESIGN, INTERIM LEADERSHIP SUPPORT AND SPECIAL EDUCATION SUPPORT TO 29 CHARTER AND DISTRICT SCHOOLS SERVING OVER 22,000 STUDENTS. IN 2024, WE PROVIDED VIRTUAL AS WELL AS IN-PERSON PROFESSIONAL LEARNING SESSIONS TO EDUCATORS ACROSS THE NATION, SERVING THOUSANDS OF TEACHERS, SCHOOL LEADERS, AND AFTERSCHOOL EDUCATORS. WE ALSO DEVELOPED AND IMPLEMENTED HIGHLY EFFECTIVE PROFESSIONAL LEARNING SERIES TO ADDRESS THE NEEDS OF PARAEDUCATORS AND EXPANDED THE RANGE OF SPECIAL EDUCATION AND CHARTER RENEWAL SUPPORT SERVICES. OUR TEAM DESIGNED AND IMPLEMENTED HIGHLY SUCCESSFUL, EVIDENCE-BASED LEARNING RECOVERY PROGRAMS THAT SERVED HUNDREDS OF STUDENTS IN CHARTER AND DISTRICT SCHOOLS IN THE GREATER PHILADELPHIA AREA. AS A RESULT OF OUR HIGH DOSAGE TUTORING PROGRAMS, HUNDREDS OF STUDENTS IN SCHOOLS THAT WE SERVED DEMONSTRATED NOTABLE GAINS IN MATH AND READING SKILLS. OUR OFFICE SUPPORTED THE DESIGN AND DEVELOPMENT OF INSTRUCTIONAL PROGRAMS FOR NUMEROUS GRANT PROPOSALS AND CO-DESIGNED THE "ACADEMY AT PENN", A COLLEGE AND CAREER READINESS MODEL SERVING FIRST GENERATION COLLEGE-BOUND HIGH SCHOOL STUDENTS IN PHILADELPHIA.

Program 3

Expenses: $1,778,164 Revenue: $1,813,231

FOUNDATIONS IS THE FISCAL SPONSOR TO THE CAMPAIGN FOR GRADE LEVEL READING (CGLR). THE MISSION OF CGLR IS TO DISRUPT THE GENERATIONAL CYCLE OF POVERTY BY IMPROVING THE PROSPECTS FOR EARLY SCHOOL...

FOUNDATIONS IS THE FISCAL SPONSOR TO THE CAMPAIGN FOR GRADE LEVEL READING (CGLR). THE MISSION OF CGLR IS TO DISRUPT THE GENERATIONAL CYCLE OF POVERTY BY IMPROVING THE PROSPECTS FOR EARLY SCHOOL SUCCESS FOR CHILDREN GROWING UP IN ECONOMICALLY CHALLENGED, FRAGILE AND OTHERWISE MARGINALIZED FAMILIES.CGLR ADVANCES THIS MISSION BY FOCUSING ON TWO CRITICAL INFLECTION POINTS: GRADE-LEVEL READING BY THE END OF THIRD GRADE AND, MORE RECENTLY, ON-TRACK DEVELOPMENT BY THE END OF KINDERGARTEN. RESEARCH, PRACTICE AND COMMON SENSE CONFIRM BOTH AS CRITICAL TO THE EARLY SCHOOL SUCCESS THAT PREDICTS LATER SCHOOL ACHIEVEMENT AND HIGH SCHOOL GRADUATION, THE FIRST RUNG OF THE "SUCCESS SEQUENCE" LEADING TO EMPLOYMENT AND EARNINGS.

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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 $3,265,677

Program Service Revenue $6,865,758

Investment Income $31,467

Other Revenue $30,506

TOTAL REVENUE $10,193,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,911,991

Fundraising Expenses $0

Program Expenses $9,045,787

Other Expenses $2,893,520

TOTAL EXPENSES $9,805,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,193,408	$10,390,477	0.0%
Expenses	$9,805,511	$10,401,420	-0.1%
Net Income	$387,897	$-10,943	-36.4%

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

381

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

$799,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA ROMANO	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT S SCHWARTZ	CHAIR EMERITUS	1.00	Director	$0	$0	$0
KC BURTON	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
CHARLES ENGLISH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FLEISHER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GADSBY	DIRECTOR	1.00	Director	$0	$0	$0
JOSE GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
JANET SAMUELS	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA H LAUER	PRESIDENT AND CEO	40.00	Officer	$275,111	$14,801	$289,912
MICHAEL PIAZZA-SUGARMAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$187,258	$4,748	$192,006
SYLVIA LYLES	CHIEF STRATEGIC PARTNERSHIPS & GRANTS OFFICER	40.00	Officer	$149,873	$0	$149,873
MARYELLEN GORODETZER	CHIEF PROGRAM AND INNOVATION OFFICER	40.00	Officer	$144,944	$22,271	$167,215
RONALD GOLDSTEIN	CHIEF OF OPERATIONS	40.00	Highest	$118,377	$29,746	$148,123
DAVID MCCONNELL	EXEC. DIR., PROFESSIONAL LEARNING	40.00	Highest	$114,049	$9,433	$123,482
JASON WAUGH	DIRECTOR, SPECIALIZED SERVICES	40.00	Highest	$103,610	$38,618	$142,228
SHEILA WALLIN	PROJECT SPECIALIST	40.00	Highest	$101,278	$0	$101,278

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	$10,193,408	$9,805,511	$6,074,197	$387,897
2023	$10,390,477	$10,401,420	$6,134,784	$-10,943
2022	$9,086,807	$9,188,986	$5,648,195	$-102,179
2021	$8,202,165	$6,995,431	$5,587,294	$1,206,734
2020	$8,039,187	$7,159,461	$4,740,249	$879,726
2019	$7,886,671	$7,673,100	$3,413,913	$213,571
2018	$7,093,765	$6,758,242	$3,200,881	$335,523