THE PARMENTER FOUNDATION INC (EIN 042176769) - 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

1949

Legal Domicile

Principal Officer

ANGELA CROCKER

Phone

5083583001

Tax Period

2024-01-01 to 2024-12-31

THE PARMENTER FOUNDATION INC, founded in 1949, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $965K left a modest 11% surplus.

Mission

THE PARMENTER FOUNDATION PROVIDES HOPE AND GUIDANCE FOR METROWEST COMMUNITY MEMBERS OF ALL AGES IN NEED OF COMPASSIONATE END-OF-LIFE CARE OR BEREAVEMENT SUPPORT. WE AWARD GRANT FUNDING TO NONPROFIT ORGANIZATIONS THAT DELIVER HIGH-QUALITY PROGRAMS WITHIN OUR FOCUS AREAS, AND WE DEVELOP AND OFFER INSPIRATIONAL AND EDUCATIONAL RESOURCES TO HELP OUR NEIGHBORS NAVIGATE THROUGH THE CHALLENGING GRIEF PROCESS. THE PARMENTER FOUNDATION IS COMMITTED TO HELPING FAMILIES COPE, HEAL AND BUILD RESILIENCE.

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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 $443,056

Program Service Revenue $0

Investment Income $630,248

Other Revenue $14,417

TOTAL REVENUE $1,087,721

Expense Breakdown

Grants Paid $450,887

Salaries & Benefits $372,052

Fundraising Expenses $145,969

Program Expenses $715,415

Other Expenses $142,358

TOTAL EXPENSES $965,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,087,721	$811,951	+0.3%
Expenses	$965,297	$862,585	+0.1%
Net Income	$122,424	$-50,634	-3.4%

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

$118,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH DOYLE BEAN	TRUSTEE	1.00	Director	$0	$0	$0
JASJIT MAGGU	TRUSTEE	1.00	Director	$0	$0	$0
SHARON BOTWINIK	TRUSTEE	1.00	Director	$0	$0	$0
NIKI PUGACH	TRUSTEE	1.00	Director	$0	$0	$0
GLORIA YEE	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN GROSSMAN ESQ	TRUSTEE	1.00	Director	$0	$0	$0
CANDACE HETZNER	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE JAEGER	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA REMLEY	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN SHAW	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA CROCKER	EXECUTIVE DIRECTOR	32.00	Officer	$118,019	$0	$118,019
MARTHA RAGONES	PAST PRESIDENT	1.00	Officer	$0	$0	$0
PAMELA MACKILL	PRESIDENT	1.00	Officer	$0	$0	$0
LAURENCE I MARIASIS	TREASURER	1.00	Officer	$0	$0	$0
CHRISTOPHER LAFARGE	CLERK	1.00	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
2024	$1,087,721	$965,297	$10,854,153	$122,424
2023	$811,951	$862,585	$10,277,135	$-50,634
2022	$936,223	$1,105,436	$9,415,928	$-169,213
2021	$770,272	$838,167	$11,320,063	$-67,895
2020	$873,327	$729,969	$10,486,833	$143,358
2019	$712,161	$756,242	$9,709,287	$-44,081
2018	$1,437,174	$675,990	$8,361,644	$761,184

THE PARMENTER FOUNDATION INC