COMMUNITY FOUNDATION OF MIDDLESEX COUNTY INC (EIN 061477711) - 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

1997

Legal Domicile

Principal Officer

CYNTHIA CLEGG

Phone

8603470025

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION OF MIDDLESEX COUNTY INC, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $544K, a strong 17% operating margin.

Mission

TO ASSIST AND PROMOTE THE WELL BEING OF THE INHABITANTS OF MIDDLESEX COUNTY AND ITS VICINITY BY, AMONG OTHER ACTIVITIES, ENGAGING IN CHARITABLE ACTIVITIES AND EXTENDING FINANCIAL AID THROUGH GRANTS, CONTRIBUTIONS, OR OTHER AID OR ASSISTANCE. OUR BACKGROUND AND WORK: THE COMMUNITY FOUNDATION IDEA IS SIMPLE ONE: ANYONE CAN BE A PHILANTHROPIST; ANYONE MAY USE IT TO GIVE BACK TO THE COMMUNITY. THE COMMUNITY FOUNDATION OF MIDDLESEX COUNTY REPRESENTS LOCAL PEOPLE, GIVING LOCALLY TO MAKE AN IMPACT ON THE LIVES OF OTHERS - NOT JUST FOR TODAY, BUT FOREVER. THE COMMUNITY FOUNDATION OF MIDDLESEX COUNTY IS UNIQUE. IT BEGAN AS A GRASS ROOTS EFFORT WITH MULTIPLE DONATIONS FROM COUNTLESS CARING DONORS. THAT TRADITION CONTINUES TODAY AS FRIENDS, NEIGHBORS, BUSINESSES, AND ORGANIZATIONS CONTINUE TO WORK TOGETHER, POOLING THEIR GIFTS, TO MAKE A POSITIVE IMPACT IN OUR COMMUNITY THROUGH THE COMMUNITY FOUNDATION. SINCE 1997, GENEROUS INDIVIDUALS, COMPANIES, INSTITUTIONS, ORGANIZATIONS, AND BUSINESSES HAVE

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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 $2,289,597

Program Service Revenue $0

Investment Income $938,249

Other Revenue $23,003

TOTAL REVENUE $3,250,849

Expense Breakdown

Grants Paid $1,822,867

Salaries & Benefits $540,678

Fundraising Expenses $199,416

Program Expenses $2,138,050

Other Expenses $343,291

TOTAL EXPENSES $2,706,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,250,849	$3,603,305	-0.1%
Expenses	$2,706,836	$2,554,410	+0.1%
Net Income	$544,013	$1,048,895	-0.5%

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

134

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

$169,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA CLEGG	PRESIDENT &	40.00	Officer	$169,546	$0	$169,546
BRIAN ABELY	DIRECTOR	2.00	Director	$0	$0	$0
LAURA COLEBANK	DIRECTOR	3.00	Director	$0	$0	$0
CLIODHNA COLES	DIRECTOR	3.00	Director	$0	$0	$0
THOMAS GEZO	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW Y TANAKA	DIRECTOR	2.00	Director	$0	$0	$0
RUTH M ROSSI	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
ANDRE MCMILLIAN	DIRECTOR	1.00	Director	$0	$0	$0
MAURICIO SALGAR	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN SAWCHUK	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA GRIFFIN SCHEFF	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH SCHOONMAKER	DIRECTOR	3.00	Director	$0	$0	$0
MEGHAN E WHELEN	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH MOORE	DIRECTOR	2.00	Director	$0	$0	$0
KATE WOLTER	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA STEELE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MCHUGH	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN WESTBROOK	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT NARDOZZI	DIRECTOR	2.00	Director	$0	$0	$0
GARY WALLACE	VICE CHAIR	2.00	Officer	$0	$0	$0
THERESA SISTARE	VICE CHAIR	2.00	Officer	$0	$0	$0
TIMOTHY P GEELAN	SECRETARY	3.00	Officer	$0	$0	$0
CLINTON D REID	CHAIR	4.00	Officer	$0	$0	$0
MARC LEVIN	TREASURER	2.00	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	No data	No data	No data	No data
2023	$3,250,849	$2,706,836	$36,379,574	$544,013
2022	$3,603,305	$2,554,410	$32,297,532	$1,048,895
2021	$4,146,421	$1,823,932	$36,935,476	$2,322,489
2020	$2,333,970	$1,520,276	$32,345,274	$813,694
2019	$2,215,465	$1,453,058	$29,376,511	$762,407
2018	$9,731,371	$1,309,025	$24,377,572	$8,422,346

COMMUNITY FOUNDATION OF MIDDLESEX COUNTY INC