FAIRMONT STATE FOUNDATION INC (EIN 556023559) - 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

1960

Legal Domicile

Principal Officer

LINDA RUDY

Phone

3045348786

Tax Period

2023-07-01 to 2024-06-30

FAIRMONT STATE FOUNDATION INC, founded in 1960, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $724K, a strong 21% operating margin.

Mission

SCHOLARSHIPS AND OTHER FINANCIAL SUPPORT TO FAIRMONT STATE UNIVERSITY STUDENTS AND FACULTY.

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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 $2,263,794

Program Service Revenue $29,974

Investment Income $1,200,983

Other Revenue $5,186

TOTAL REVENUE $3,499,937

Expense Breakdown

Grants Paid $1,161,787

Salaries & Benefits $618,799

Fundraising Expenses $328,761

Program Expenses $2,131,937

Other Expenses $995,143

TOTAL EXPENSES $2,775,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,499,937	$2,055,165	+0.7%
Expenses	$2,775,729	$3,133,054	-0.1%
Net Income	$724,208	$-1,077,889	-1.7%

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

$214,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY K PELILLO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KEVIN D WILFONG	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
KATHY MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
K ALEX MILLER	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS OXLEY	DIRECTOR	2.00	Director	$0	$0	$0
CHAD RILEY	DIRECTOR	2.00	Director	$0	$0	$0
JAMES W DEVAUL	DIRECTOR	2.00	Director	$0	$0	$0
MILLER L HALL	DIRECTOR	2.00	Director	$0	$0	$0
JOHN WILSON	DIRECTOR	2.00	Director	$0	$0	$0
SANTINO CAVA	DIRECTOR	2.00	Director	$0	$0	$0
BRADY CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
DR MIKE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN GUIDO	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINE MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR DOWNS	DIRECTOR	2.00	Director	$0	$0	$0
ADAM ROHALY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA LAVORATA	DIRECTOR	2.00	Director	$0	$0	$0
ALETHEA MOODY WISE	DIRECTOR	2.00	Director	$0	$0	$0
DIXIE YANN	CHAIR	2.00	Officer Director	$0	$0	$0
LINDA RUDY	DIRECTOR	2.00	Director	$0	$0	$0
RENEE ALLISON	COO	40.00	Officer	$88,431	$16,479	$104,910
JESSE ISNER	CFO	40.00	Officer	$78,002	$12,810	$90,812
ANNE BOLYARD	PRESIDENT	40.00	Officer	$19,231	$0	$19,231

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	$3,499,937	$2,775,729	$43,114,573	$724,208
2023	$2,055,165	$3,133,054	$39,258,710	$-1,077,889
2022	$3,252,544	$3,094,959	$38,139,381	$157,585
2021	$8,983,252	$2,893,325	$43,637,951	$6,089,927
2020	$4,067,493	$2,633,390	$35,036,874	$1,434,103
2019	$5,265,955	$2,701,443	$33,477,946	$2,564,512

FAIRMONT STATE FOUNDATION INC