THE PICKERING FOUNDATION (EIN 046046372) - 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

1950

Legal Domicile

Principal Officer

CAROL PICKERING

Phone

9787444777

Tax Period

2024-01-01 to 2024-12-31

THE PICKERING FOUNDATION, founded in 1950, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $52K, a strong 29% operating margin.

Mission

SHOWING OF HISTORIC HOME, MAINTAIN A SOURCE OF ORIGINAL DOCUMENTS CONNECTED TO THE REVOLUTIONARY WAR, COLONIAL PERIOD AND 20TH CENTURY. PROVIDE EDUCATIONAL SCHOLARSHIPS.

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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 $112,584

Program Service Revenue $4,584

Investment Income $43,349

Other Revenue $19,816

TOTAL REVENUE $180,333

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $47,734

Fundraising Expenses $0

Program Expenses $76,785

Other Expenses $78,674

TOTAL EXPENSES $128,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,333	$491,076	-0.6%
Expenses	$128,408	$98,289	+0.3%
Net Income	$51,925	$392,787	-0.9%

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

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

$13,720

Total Directors

$13,720

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIJAY JOYCE	EXECUTIVE DIRECTOR	15.00	Officer Director	$0	$0	$13,720
NINA PICKERING COOK	TRUSTEE	0.25	Director	$0	$0	$0
EDITH ARMSTRONG	TRUSTEE	0.25	Director	$0	$0	$0
KATHERINE PICKERING	TRUSTEE	0.25	Director	$0	$0	$0
RACKET SHREVE	TRUSTEE	0.25	Director	$0	$0	$0
MILICENT ARMSTRONG	TRUSTEE	0.25	Director	$0	$0	$0
CHARLES NEWHALL	TRUSTEE	0.25	Director	$0	$0	$0
RICHARD PICKERING JR	TRUSTEE	0.25	Director	$0	$0	$0
JEFFERY SWARTZ	TRUSTEE	0.25	Director	$0	$0	$0
OTIS EDWARDS	TRUSTEE	0.25	Director	$0	$0	$0
PHOEBE LEHY	TRUSTEE	0.25	Director	$0	$0	$0
TIMOTHY JENKINS	TRUSTEE	0.25	Director	$0	$0	$0
TIMOTHY PICKERING JR	PRESIDENT	0.25	Officer	$0	$0	$0
CAROL PICKERING	VICE PRESIDENT	0.25	Officer	$0	$0	$0
DEBORAH JACKSON	TREASURER	1.00	Officer	$0	$0	$0
JOHN PICKERTING II	COMPTROLLER	2.00	Officer	$0	$0	$0
EMILY BENSON PICKERING	SECRETARY	0.25	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	$180,333	$128,408	$1,165,014	$51,925
2023	$491,076	$98,289	$1,032,988	$392,787
2022	$194,683	$86,464	$631,330	$108,219
2021	$122,654	$93,609	$526,112	$29,045
2020	$111,105	$72,182	$497,067	$38,923

THE PICKERING FOUNDATION