ALBANY PUBLIC SCHOOLS FOUNDATION

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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

1984

Legal Domicile

Principal Officer

ERIK FEDLER

Phone

5419792773

Tax Period

2022-07-01 to 2023-06-30

ALBANY PUBLIC SCHOOLS FOUNDATION, founded in 1984, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. The organization ran a surplus of $329K, a strong 30% operating margin.

Mission

THE MISSION OF THE FOUNDATION IS TO GENERATE AND DISTRIBUTE RESOURCES THAT ENRICH AND ENHANCE EDUCATION OPPORTUNITIES FOR ALL STUDENTS, ENCOURAGE TEACHERS TO IMPLEMENT INNOVATIVE EDUCATIONAL PROGRAMS, AND AWARD SCHOLARSHIPS TO GREATER ALBANY PUBLIC SCHOOL DISTRICT STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $182,096

SCHOLARSHIPS TO HIGH SCHOOL STUDENTS: AFTER INDIVIDUAL APPLICATIONS ARE APPROVED BY THE BOARD, SCHOLARSHIPS ARE AWARDED TO GRADUATING STUDENTS WHO WILL BE ATTENDING HIGHER EDUCATION INSTITUTIONS. A TOTAL OF 140 TRADITIONAL SCHOLARSHIPS WERE AWARDED TO GRADUATING STUDENTS ATTENDING COLLEGE AND/OR TRADE SCHOOL.

Program 2

Expenses: $103,939

STUDENT ASSISTANCE PROGRAM -- K-12 & POST-SECONDARY: K-12 ASSISTANCE PROVIDES BASIC NEEDS FOR LOW-INCOME STUDENTS. POST- SECONDARY ASSISTANCE PROVIDES SUPPORT FOR STUDENTS CHOSEN BY EACH OF THE THREE ALBANY HIGH SCHOOLS. SUPPORT INCLUDES MENTORS, SCHOOL SUPPLIES, AND FINANCIAL ASSISTANCE.

Program 3

Expenses: $179,797

CLASSROOM & ENRICHMENT GRANT PROGRAMS FOR PRE-K THROUGH HIGH SCHOOL: THE CLASSROOM GRANT AND ENRICHMENT PROGRAMS PROVIDE FUNDS TO OUR SCHOOLS TO SUPPLEMENT THEIR ARTS, PE/HEALTH/WELLNESS, AND STEM...

CLASSROOM & ENRICHMENT GRANT PROGRAMS FOR PRE-K THROUGH HIGH SCHOOL: THE CLASSROOM GRANT AND ENRICHMENT PROGRAMS PROVIDE FUNDS TO OUR SCHOOLS TO SUPPLEMENT THEIR ARTS, PE/HEALTH/WELLNESS, AND STEM ACTIVITIES. GRANT PROGRAMS INCLUDE THE BIG IMPACT GRANT, CLASSROOM GRANTS, ENRICHMENT GRANTS, SPECIAL CIRCUMSTANCE GRANTS, DONOR DESIGNATED GRANTS, OTHER GRANTS, STEM GRANTS, AND SUICIDE PREVENTION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $940,118

Program Service Revenue $43,665

Investment Income $151,690

Other Revenue $-31,185

TOTAL REVENUE $1,104,288

Expense Breakdown

Grants Paid $386,978

Salaries & Benefits $249,905

Fundraising Expenses $55,325

Program Expenses $471,847

Other Expenses $138,333

TOTAL EXPENSES $775,216

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,104,288	$1,056,212	+0.0%
Expenses	$775,216	$661,350	+0.2%
Net Income	$329,072	$394,862	-0.2%

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
JOANNE ALFORD	PAST PRESIDE	15.00	Officer Director	$0	$0	$0
MONICA BANKS-FIGUEROA	SECRETARY	3.00	Officer Director	$0	$0	$0
STEPHANIE BLACK	BOARD MEMBER	15.00	Director	$0	$0	$0
KIMBERLY CHRISTENSEN	BOARD MEMBER	3.00	Director	$0	$0	$0
CINDY DRAPER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT EASTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK FEDLER	PRESIDENT	8.00	Officer Director	$0	$0	$0
STEPHANIE HAGERTY	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH HATEFI	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN HUBERT	BOARD MEMBER	4.00	Director	$0	$0	$0
JOHN JACKSON	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
GREG KNIEBUEHLER	TREASURER	5.00	Officer Director	$0	$0	$0
JERRIE MATUSZAK	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE PAUTSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY BURRIS	EXECUTIVE DI	40.00	Director	$0	$0	$0
JERRY SHIPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KILEE SOWA	BOARD MEMBER	2.00	Director	$0	$0	$0
WILL SUMMERS	BOARD MEMBER	2.00	Director	$0	$0	$0
JERRED TAYLOR	BOARD MEMBER	2.00	Director	$0	$0	$0
ELAINE M WELLS	MEMBER	5.00	Director	$0	$0	$0
ILYNN WINN	BOARD MEMBER	3.00	Director	$0	$0	$0
TODD ZIMMERMANN	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,104,288	$775,216	$4,691,603	$329,072
2022	$1,056,212	$661,350	$4,232,197	$394,862
2021	$2,339,613	$609,858	$4,566,045	$1,729,755
2020	$560,763	$593,230	$2,235,919	$-32,467
2019	$659,405	$421,232	$2,228,930	$238,173
2018	$440,737	$282,093	$1,934,147	$158,644