THE BOSTON GLOBE FOUNDATION INC

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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

1981

Legal Domicile

Principal Officer

WALTER SILVA

Phone

6179292092

Tax Period

2023-01-01 to 2023-12-31

THE BOSTON GLOBE FOUNDATION INC, founded in 1981, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 47% operating margin.

Mission

TO CONDUCT VARIOUS COMMUNITY AND PUBLIC SERVICE PROGRAMS, INCLUDING DISTRIBUTING HOLIDAY GIFTS TO NEEDY CHILDREN AND PROVIDING EDUCATIONAL SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $1,323,306

GLOBE SANTA PROGRAM:THE MONEY RAISED FROM SOLICITED CONTRIBUTIONS IS USED TO PURCHASE HOLIDAY GIFTS FOR NEEDY CHILDREN. GIFTS ARE GIVEN TO INDIVIDUALS WHO REQUEST ASSISTANCE IN WRITING. THE POTENTIAL RECIPIENTS OF SUCH GIFTS ARE RECOMMENDED BY APPROPRIATE CHURCHES AND SOCIAL AGENCIES, SUBJECT TO VERIFICATION PRIOR TO GIFTS BEING MADE. IN 2023, GLOBE SANTA SERVED APPROXIMATELY 28,500 CHILDREN / 17,000 FAMILIES.

Program 2

Expenses: $89,000

WINSHIP SCHOLARSHIP PROGRAM AND MAJORIE L. ADAMS SCHOLARSHIP PROGRAM:PROVIDES SCHOLARSHIP AID TO CHILDREN OF FULL-TIME EMPLOYEES OF THE BOSTON GLOBE.

Program 3

Expenses: $65,850

NEWS IN EDUCATION:SUPPORTS A WIDE RANGE OF EDUCATION-RELATED PROJECTS INCLUDING AWARDING SCHOLARSHIPS AND WRITING AWARDS TO STUDENTS; AND PROVIDING EDUCATORS AND STUDENTS WITH BOSTON GLOBE CONTENT...

NEWS IN EDUCATION:SUPPORTS A WIDE RANGE OF EDUCATION-RELATED PROJECTS INCLUDING AWARDING SCHOLARSHIPS AND WRITING AWARDS TO STUDENTS; AND PROVIDING EDUCATORS AND STUDENTS WITH BOSTON GLOBE CONTENT AND CLASSROOM LESSONS.

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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 $2,796,068

Program Service Revenue $0

Investment Income $56,833

Other Revenue $0

TOTAL REVENUE $2,852,901

Expense Breakdown

Grants Paid $1,082,729

Salaries & Benefits $88,342

Fundraising Expenses $0

Program Expenses $1,478,156

Other Expenses $353,558

TOTAL EXPENSES $1,524,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,852,901	$1,783,029	+0.6%
Expenses	$1,524,629	$1,426,136	+0.1%
Net Income	$1,328,272	$356,893	+2.7%

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

175

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
LINDA PIZZUTI HENRY	CHAIRWOMAN/DIRECTOR	8.00	Officer Director	$0	$0	$0
WALTER SILVA	TREASURER	0.10	Officer Director	$0	$0	$0
CHARLOTTE VENA	CLERK	0.10	Officer Director	$0	$0	$0
HEIDI FLOOD	BOARD MEMBER/DIRECTOR	0.10	Director	$0	$0	$0
ERIN MAGHRAN	BOARD MEMBER/DIRECTOR	0.10	Director	$0	$0	$0
ERIKA HALE	BOARD MEMBER/DIRECTOR	0.10	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
2024	No data	No data	No data	No data
2023	$2,852,901	$1,524,629	$4,859,580	$1,328,272
2022	$1,783,029	$1,426,136	$3,475,027	$356,893
2021	$1,969,338	$1,572,992	$3,270,015	$396,346
2020	$1,988,263	$1,791,802	$2,683,366	$196,461
2019	$1,404,849	$1,635,372	$2,457,217	$-230,523
2018	$1,269,347	$1,664,134	$2,717,524	$-394,787