FAIRFIELD INDUSTRIAL ALUMNI ASSOCI… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

LUCY NASH

Phone

2055151240

Tax Period

2025-01-01 to 2025-12-31

FAIRFIELD INDUSTRIAL ALUMNI ASSOCIATION, founded in 1989, is a micro nonprofit that reported $85K in total revenue in fiscal year 2025. Revenue surged 171% from the prior year, signaling strong growth momentum. Expenses of $106K exceeded revenue, resulting in a 24% operating deficit.

Mission

HIGH SCHOOL ALUMNI ASSOCIATION ESTABLSHED TO SUPPORT THE FAIRFIELD SCHOOL SYSTEM, PROVIDE COLLEGE SCHOLARSHIPS, AND PERSERVE THE HISTORICAL SIGNIFICANT OF EARLY AFRO- AMERICAN EDUCATORS, INSTITUTIONS, AND LEGACIES.

Program Service Accomplishments

Program 1

Expenses: $47,000

CONTRIBUTED $1O,000 DURING HOMECOMING TO FAIRFIELD PREPARAATORY HIH SCHOOL. AND A TOTAL OF $37,000 TO THE FAIRFIELD BOARD OF EDUCATION TO DISBURSED TO ALL SCHOOLS.

Program 2

Expenses: $5,070

PROVIDED $5,070 WORTH OF TOYS AND GIFT CARDS DURING CHRISMAS TO ALL THREE ELEMENARY SCHOOLS (ROBINSON, CJ DONALD, AND GLEN OAKS)

Program 3

Expenses: $5,000

PROVIDE $5,000 TO DESERVING SENIORS FROM THE DEMETRIUS C NEWTON COLLEGE SCHOLARSHIP FUND.

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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 (2025)

Revenue Breakdown

Contributions & Grants $36,966

Program Service Revenue $47,392

Investment Income $1

Other Revenue $986

TOTAL REVENUE $85,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,070

Other Expenses $105,941

TOTAL EXPENSES $105,941

Year-over-Year Comparison

	2025	2024	Change
Revenue	$85,345	$31,468	+1.7%
Expenses	$105,941	$54,359	+0.9%
Net Income	$-20,596	$-22,891	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE GREY	TREASURER	8.00	Officer	$0	$0	$0
LUCY NASH	PRESIDENT	8.00	Officer	$0	$0	$0
THELMA J COLEMAN	RECORDING SECRETARY	4.00	Officer	$0	$0	$0
ELISE MCLIN	FINANCIAL SECRETARY	8.00	Officer	$0	$0	$0
MICHAEL KNIGHT	VICE PRESIDENT	4.00	Officer	$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	$85,345	$105,941	$275,426	$-20,596
2024	No data	No data	No data	No data
2023	$74,459	$78,398	$321,429	$-3,939
2022	$72,413	$65,892	$331,983	$6,521
2021	$138,500	$43,625	$327,017	$94,875

FAIRFIELD INDUSTRIAL ALUMNI ASSOCIATION