NEW HAVEN 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

2003

Legal Domicile

Principal Officer

HELEN KENNEDY

Phone

5109099263

Tax Period

2024-07-01 to 2025-06-30

NEW HAVEN SCHOOLS FOUNDATION, founded in 2003, is a small nonprofit that reported $612K in total revenue in fiscal year 2024. Expenses of $587K left a modest 4% surplus.

Mission

THE FOUNDATION WAS ORGANIZED TO PROVIDE FINANCIAL ASSISTANCE TO THE VARIOUS EXTRA CURRICULAR ACTIVITIES AT THE NEW HAVEN UNIFIED SCHOOL DISTRICT AND TO AWARD SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $479,657 Revenue: $485,712

PROVIDED SCHOLARSHIPS TO VARIOUS STUDENTS AND ORGANIZATIONS OF NEW HAVEN SCHOOLS

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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 $592,185

Program Service Revenue $0

Investment Income $24,117

Other Revenue $-3,828

TOTAL REVENUE $612,474

Expense Breakdown

Grants Paid $468,055

Salaries & Benefits $0

Fundraising Expenses $4,476

Program Expenses $479,657

Other Expenses $119,111

TOTAL EXPENSES $587,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$612,474	N/A	N/A
Expenses	$587,166	N/A	N/A
Net Income	$25,308	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
SUBRU BHAT	BOARD MEMBER	2.00	Director	$0	$0	$0
TINA BOBADILLA-MASTEL	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
DON DEL PILAR	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
JOSEMARI GALANG	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
RHONDA NEAGLE	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
SHAMSA RAFAY KHAWAJA	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
JILL STAVOSKY	EXECUTIVE COMMITTEE AT LARGE	4.00	Director	$0	$0	$0
VIPAN BAJWA	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE HUDSON	DIRECTOR	2.00	Director	$0	$0	$0
PAT GACOSCOS	DIRECTOR	2.00	Director	$0	$0	$0
CHUCK KENNEDY	EXECUTIVE COMMITTEE AT LARGE	4.00	Director	$0	$0	$0
SHRUTI KUMAR	DIRECTOR	2.00	Director	$0	$0	$0
TOMMIE LINDSEY	DIRECTOR	2.00	Director	$0	$0	$0
MIKEY MCKELVEY	DIRECTOR	2.00	Director	$0	$0	$0
GLENN NATE	DIRECTOR	2.00	Director	$0	$0	$0
OMY RONQUILLO	DIRECTOR	2.00	Director	$0	$0	$0
GENEVIEVE RANDOLPH	DIRECTOR	2.00	Director	$0	$0	$0
JEANNE SERPA	DIRECTOR	2.00	Director	$0	$0	$0
HIRAL SHAH	DIRECTOR	2.00	Director	$0	$0	$0
FATIMA SILVA	DIRECTOR	2.00	Director	$0	$0	$0
TEAERRA WEBB	DIRECTOR	2.00	Director	$0	$0	$0
JULIE ZHU	DIRECTOR	2.00	Director	$0	$0	$0
MIREYA CASAREZ	BOARD MEMBER	2.00	Director	$0	$0	$0
CHERIS CROCKER-ROOT	BOARD MEMBER	2.00	Director	$0	$0	$0
KALANI CALDERON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN SHOCKLEY	PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHAEL RITCHIE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
LANCE NISHIHIRA	SECRETARY	2.00	Officer Director	$0	$0	$0
LYDIA IDEM	TREASURER	2.00	Officer Director	$0	$0	$0
HELEN KENNEDY	EXECUTIVE DIRECTOR	0.00	Officer Key Emp	$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	$612,474	$587,166	$736,484	$25,308
2024	$460,735	$460,700	$694,383	$35
2023	$442,721	$374,861	$680,788	$67,860
2022	$436,677	$398,446	$615,821	$38,231
2021	$303,799	$273,672	$615,028	$30,127
2020	$240,724	$244,489	$556,479	$-3,765
2019	$263,591	$255,872	$569,115	$7,719
2018	$242,273	$208,666	$552,259	$33,607