THE FOUNDATION ACADEMY STUDIO SCHOOL INC (EIN 823895024) - 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

2018

Legal Domicile

Principal Officer

MADALINE HILL

Phone

9044937300

Tax Period

2024-07-01 to 2025-06-30

THE FOUNDATION ACADEMY STUDIO SCHOOL INC, founded in 2018, is a small nonprofit in the Education sector that reported $437K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $637K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE LIFE-SKILLS AND CAREER READINESS EDUCATION LEADING TO CERTIFICATIONS, PAID INTERNSHIPS AND COLLEGE ENROLLMENT AND TO DELIVER EDUCATIONAL AND VOCATIONAL PROSPECTS DEVELOPED IN COLLABORATION WITH EMPLOYERS.

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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 $469,633

Program Service Revenue $17,564

Investment Income $-49,900

Other Revenue $0

TOTAL REVENUE $437,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,369

Fundraising Expenses $0

Program Expenses $548,704

Other Expenses $230,434

TOTAL EXPENSES $636,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$437,297	$335,349	+0.3%
Expenses	$636,803	$487,192	+0.3%
Net Income	$-199,506	$-151,843	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH AMARO	BOARD MEMBER	1.00	Director	$0	$0	$0
MADALINE HILL	SECRETARY	1.00	Officer Director	$0	$0	$0
NADIA HIONDIES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOS HIONIDES	PRESIDENT	1.00	Director	$0	$0	$0
TIA UNTHANK	OFFICER	1.00	Officer Director	$0	$0	$0
MARK VANDERLOO	VICE PRESIDE	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
2025	$437,297	$636,803	$29,078	$-199,506
2024	$335,349	$487,192	$183,912	$-151,843
2023	$459,785	$300,451	$222,163	$159,334
2022	$227,655	$254,189	$20,208	$-26,534

THE FOUNDATION ACADEMY STUDIO SCHOOL INC