Foundation for the Art and Science… - 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

2017

Legal Domicile

Principal Officer

Christine E Drew

Phone

2052764553

Tax Period

2023-01-01 to 2023-12-31

Foundation for the Art and Science of Learning, founded in 2017, is a small nonprofit in the Education sector that reported $134K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $330K exceeded revenue, resulting in a 147% operating deficit.

Mission

The Foundation for the Art and Science of Learning (FASL) is a non-profit whose mission is to research, develop, inspire and spread effective instructional practices in schools to achieve immediate and lasting change in student learning.

Program Service Accomplishments

Program 1

Expenses: $88,950 Revenue: $70,450

Teams Improving Practice (TIP)is a professional learning experience that improves teaching and learning. TIP does not focus on how to teach but instead on how students learn using Learning Principles based on neuroscience and cognitive psychology. TIP guides teachers on how to adjust teaching and learning in accordance to these Learning Principles. TIP has been shown to help students become more successful in school. Learning about learning is a new pursuit for most students, teachers and administrators. TIP improved classroom learning by a whole letter grade in classrooms representing 4600 students in one Texas study. Leadership training also uses the learning sciences to inform leaders on how to create organizational improvement.

Program 2

Expenses: $21,445 Revenue: $21,243

AASCD funds were used to create professional learning, Creating Communities of Excellence, for school leaders across the state of Alabama. This sustained professional learning is part of a three-year project to examine and apply the work of John Hattie (author of Visible Learning) Katie Milkman (author of How to Change) Jane McGonigal (author of Reality is Broken) and others in school districts in North, Central and South Alabama.

Program 3

Expenses: $53,356 Revenue: $29,187

That Could Be ME! Alabama (TCBM) empowers high school student authors and illustrators to create imaginative biographies about Alabama STEM professionals for elementary students. These are designed to inspire interest in STEM opportunities with representative role models. Students cant be what they cannot see. TCBM aspires to inspire all children to see themselves as capable of achieving a bright future for themselves in the world.

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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 $0

Program Service Revenue $131,353

Investment Income $0

Other Revenue $2,390

TOTAL REVENUE $133,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,183

Other Expenses $329,974

TOTAL EXPENSES $329,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,743	$866,586	-0.8%
Expenses	$329,974	$746,798	-0.6%
Net Income	$-196,231	$119,788	-2.6%

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
Christine Drew	President	16.00	Officer Director	$0	$0	$0
Brian Lloyd	Secretary	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$133,743	$329,974	$28,507	$-196,231
2022	$866,586	$746,798	$225,254	$119,788
2021	$381,578	$279,236	$105,318	$102,342

Foundation for the Art and Science of Learning