Caldwell Foundation for Educationa… - 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

1992

Legal Domicile

Principal Officer

William F Gigray

Phone

2089895934

Tax Period

2024-07-01 to 2025-06-30

Caldwell Foundation for Educational Opportunity, founded in 1992, is a small nonprofit that reported $555K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $384K, a strong 69% operating margin.

Mission

The Foundation was created for the purpose of the promotion, assistance, improvement and extension of public education for the students, graduating students, teachers, administrators and pre-school children residents of Caldwell School District No. 132.

Program Service Accomplishments

Program 1

Expenses: $109,379

Provided 65 scholarships to 38 Caldwell School District graduating seniors to be used for post-secondary education at colleges, universities and vocational schools.

Program 2

Expenses: $13,000

Promoted math, science and engineering by providing a grant to the high school robotics program as well as a grant to assist with travel to the Robotics World Championships. Approximately 20 students...

Program 3

Expenses: $10,446

Paid expenses for literacy projects by providing funding for Scholastic News subscriptions for kindergarten through second grades benefitting approximately 1,353 students in 45 classes at 6 schools. Paid expenses of materials for the UFLI Literacy Program for 100 students at one elementary school.

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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 (2024)

Revenue Breakdown

Contributions & Grants $368,184

Program Service Revenue $0

Investment Income $183,479

Other Revenue $3,320

TOTAL REVENUE $554,983

Expense Breakdown

Grants Paid $118,461

Salaries & Benefits $4,358

Fundraising Expenses $6,127

Program Expenses $138,625

Other Expenses $48,498

TOTAL EXPENSES $171,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$554,983	$286,038	+0.9%
Expenses	$171,317	$126,660	+0.4%
Net Income	$383,666	$159,378	+1.4%

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

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

$4,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erin Sullivan Smith	Secretary	5.60	Officer	$4,011	$0	$4,011
Karl P Baughman	Director	1.00	Director	$0	$0	$0
Brian Baughman	Director	1.00	Director	$0	$0	$0
Dr Ted Colwell	Director	1.00	Director	$0	$0	$0
Chuck Stout	Director	1.00	Director	$0	$0	$0
Anita Wilson	Director	1.00	Director	$0	$0	$0
Dr Shalene French	Ex Officio Director	0.30	Director	$0	$0	$0
Marisela Pesina	Ex Officio Director	0.30	Director	$0	$0	$0
Dr Rich Augustus	Director	1.00	Director	$0	$0	$0
Dr Kyle Collins	Director	1.00	Director	$0	$0	$0
Jerid Hammer	Director	1.00	Director	$0	$0	$0
Dr Matt McDaniel	Director	1.00	Director	$0	$0	$0
David Nelms	Director	1.00	Director	$0	$0	$0
William F Gigray	President	2.30	Officer	$0	$0	$0
John Dean	Treasurer	9.63	Officer	$0	$0	$0
Josh Engler	Vice President	3.00	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	$554,983	$171,317	$3,095,173	$383,666
2024	$286,038	$126,660	$2,711,557	$159,378
2023	$372,816	$109,813	$2,552,104	$263,003
2022	$336,614	$99,427	$2,289,101	$237,187
2021	$445,374	$90,362	$2,051,914	$355,012
2020	$239,637	$77,827	$1,696,902	$161,810
2019	$266,182	$85,245	$1,535,092	$180,937

Caldwell Foundation for Educational Opportunity