Foundations Cognitive Schools Inc (EIN 844788749) - 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

2020

Legal Domicile

Principal Officer

Charles Krugh

Phone

9494820383

Tax Period

2023-01-01 to 2023-12-31

Foundations Cognitive Schools Inc, founded in 2020, is a small nonprofit in the Education sector that reported $933K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

Our Mission is to help every child grow to the full potential of who God has created them to be - cognitively, academically, socially, and emotionally. We are a school that works with children with learning challenges or disabilities.

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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 $99,855

Program Service Revenue $832,661

Investment Income $0

Other Revenue $0

TOTAL REVENUE $932,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,884

Fundraising Expenses $0

Program Expenses $706,799

Other Expenses $255,821

TOTAL EXPENSES $925,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$932,516	$771,975	+0.2%
Expenses	$925,705	$836,695	+0.1%
Net Income	$6,811	$-64,720	-1.1%

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

N/A

Employees

Volunteers

N/A

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

$136,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jimelle Carlson	CFO	40.00	Officer	$136,250	$0	$136,250
Charles Krugh	CEO	0.00	Officer	$0	$0	$0
Michelle Krugh	Secretary	0.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$932,516	$925,705	$231,471	$6,811
2022	$771,975	$836,695	$227,770	$-64,720
2022	$831,280	$832,501	$321,735	$-1,221
2021	$720,891	$750,440	$284,934	$-29,549
2020	$658,760	$346,167	$312,593	$312,593

Foundations Cognitive Schools Inc