MARION & JASPER WHITING 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

1965

Legal Domicile

Principal Officer

ROBERT G BANNISH

Phone

6172271782

Tax Period

2024-11-01 to 2025-10-31

MARION & JASPER WHITING FOUNDATION, founded in 1965, is a small nonprofit in the Education sector that reported $444K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 34% operating margin.

Mission

THE FOUNDATION'S PURPOSE IS TO AWARD FELLOWSHIPS PRIMARILY TO COLLEGE LEVEL EDUCATORS, TO ENABLE THEM TO STUDY ABROAD IN UNFAMILIAR ENVIRONMENTS, IN ORDER TO STIMULATE AND BROADEN THE MINDS OF TEACHERS SO AS TO ENHANCE THE QUALITY OF THEIR INSTRUCTION.

Program Service Accomplishments

Program 1

Expenses: $260,622

THE FOUNDATION IS A PERMANENT CHARITABLE TRUST FUND ESTABLISHED UNDER THE WILL OF JASPER WHITING. THE FOUNDATION BEGAN AWARDING ANNUAL FELLOWSHIPS AFTER THE DEATH OF MR. WHITING'S WIFE, MARION, IN...

THE FOUNDATION IS A PERMANENT CHARITABLE TRUST FUND ESTABLISHED UNDER THE WILL OF JASPER WHITING. THE FOUNDATION BEGAN AWARDING ANNUAL FELLOWSHIPS AFTER THE DEATH OF MR. WHITING'S WIFE, MARION, IN 1965. FOR THE FOUNDATION'S F/Y/E 10/31/2025, THE TRUSTEES RECEIVED 136 APPLICATIONS AND MADE 43 AWARDS TOTALING $260,622. ACCORDING TO THE WILL, THE BENEFITS UNDER THE FOUNDATION ARE TO BE CONFERRED AT THE SOLE DISCRETION OF THE TRUSTEES BUT SHALL NOT AT ANY TIME BE DENIED FOR REASONS OF RACE, COLOR, NATIONALITY, RELIGION, OR GENDER. ALL APPLICANTS MUST SUBMIT THEIR PROPOSAL FOR THEIR PROJECT OF STUDY TO THE TRUSTEES WITHIN CERTAIN TIME DEADLINES EACH YEAR. IN AN AGREEMENT WITH THE IRS, THE TRUSTEES HAVE AGREED TO MAKE THE AWARDS DIRECTLY TO THE COLLEGE OR UNIVERSITY WITH WHICH THE APPLICANT IS AFFILIATED.

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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 $0

Program Service Revenue $0

Investment Income $417,864

Other Revenue $25,714

TOTAL REVENUE $443,578

Expense Breakdown

Grants Paid $260,622

Salaries & Benefits $13,802

Fundraising Expenses $0

Program Expenses $260,622

Other Expenses $19,916

TOTAL EXPENSES $294,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,578	$344,692	+0.3%
Expenses	$294,340	$329,633	-0.1%
Net Income	$149,238	$15,059	+8.9%

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

N/A

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

$13,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT G BANNISH SEE NOTE	PART-TIME TRUSTEE	1.00	Director	$0	$9,201	$9,201
BONNY S KELLERMAN	PART-TIME TRUSTEE	0.20	Director	$2,301	$0	$2,301
DEBORAH KAUFMAN	PART-TIME TRUSTEE	0.20	Director	$2,300	$0	$2,300

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	$443,578	$294,340	$4,564,204	$149,238
2024	$344,692	$329,633	$4,414,966	$15,059
2023	$363,621	$290,595	$4,405,615	$73,026
2022	$415,513	$287,759	$4,347,923	$127,754
2021	$577,510	$193,943	$4,236,082	$383,567
2020	$240,009	$255,694	$3,859,658	$-15,685