MCLEAN FUND

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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

1968

Legal Domicile

Principal Officer

LISA CLARK

Phone

8606583700

Tax Period

2023-10-01 to 2024-09-30

MCLEAN FUND, founded in 1968, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MCLEAN FUND CARRIES OUT THE PUBLIC AND CHARITABLE PURPOSES SET FORTH IN THE WILL OF SENATOR GEORGE P. MCLEAN. THE PURPOSES OF THE FUND ARE THE SUPPORT OF THE MCLEAN GAME REFUGE, A 501(C)(3) NATURE PRESERVE OF OVER 4,400 ACRES THAT IS OPEN TO THE PUBLIC, AND SUPPORT OF MCLEAN AFFILIATES, A 501(C)(3) ORGANIZATION WHICH PROVIDES CARE, MAINTENANCE, WELFARE, SUPPORT, NURSING AND MEDICAL ASSISTANCE TO ITS RESIDENTS AND COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $500,000

THIS FUNDING IS TO SUPPORT MCLEAN AFFILIATES, INC. (EIN #26-1960246) IN PROVIDING CARE, MAINTENANCE, WELFARE, SUPPORT, NURSING AND MEDICAL ASSISTANCE TO ITS RESIDENTS AND THE COMMUNITY AT LARGE...

THIS FUNDING IS TO SUPPORT MCLEAN AFFILIATES, INC. (EIN #26-1960246) IN PROVIDING CARE, MAINTENANCE, WELFARE, SUPPORT, NURSING AND MEDICAL ASSISTANCE TO ITS RESIDENTS AND THE COMMUNITY AT LARGE. MCLEAN AFFILIATES PROGRAM METRICS: A) LONG TERM CARE - 19,125 INPATIENT DAYS; B) POST ACUTE REHABILITATION 4,915 INPATIENT DAYS; C) ASSISTED LIVING 16,447 DAYS OF CARE; D) HOSPICE 7,346 VISITS; E) HOME CARE 8,600 CLIENT VISITS; F) HOME DELIVERED MEALS 9,854; G) AND OUTPATIENT REHABILITATION SERVICES 6,668 VISITS.

Program 2

Expenses: $301,000

THIS FUNDING IS TO SUPPORT THE MCLEAN GAME REFUGE, INC. (EIN #26-1960261) WHICH IS A NATURAL PRESERVE TOTALING OVER 4,400 ACRES IN THE TOWNS OF GRANBY, SIMSBURY, AND CANTON, CONNECTICUT. THE GAME...

THIS FUNDING IS TO SUPPORT THE MCLEAN GAME REFUGE, INC. (EIN #26-1960261) WHICH IS A NATURAL PRESERVE TOTALING OVER 4,400 ACRES IN THE TOWNS OF GRANBY, SIMSBURY, AND CANTON, CONNECTICUT. THE GAME REFUGE IS OPEN TO THE PUBLIC FOR NATURE STUDY AND RECREATION WITHOUT CHARGE ON A YEAR ROUND BASIS. IT IS RECOGNIZED BY THE NATIONAL PARK SERVICE AS A NATIONAL NATURAL AREA.

Program 3

Expenses: $1,617,766

MCLEAN FUND ENGAGED EXPERTS IN THE FIELDS OF MARKETING, HEALTH CARE REIMBURSEMENT, ATTORNEYS, AND SENIOR LIVING CONSULTANTS TO DEVELOP STRATEGIES THAT MAKE GOOD USE OF THE FUND'S ASSETS IN EVOLVING...

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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 $622,828

Program Service Revenue $0

Investment Income $1,244,003

Other Revenue $125,397

TOTAL REVENUE $1,992,228

Expense Breakdown

Grants Paid $801,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,418,766

Other Expenses $1,743,330

TOTAL EXPENSES $2,544,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,992,228	$3,962,492	-0.5%
Expenses	$2,544,330	$1,399,009	+0.8%
Net Income	$-552,102	$2,563,483	-1.2%

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

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

$645,903

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PAINE	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
KATHLEEN ALSGAARD	TRUSTEE	2.00	Director	$0	$0	$0
JAMES COX-CHAPMAN	TRUSTEE	1.50	Director	$0	$0	$0
JARED GRISE	TRUSTEE	2.50	Director	$0	$0	$0
DENIS HORRIGAN	TRUSTEE	2.00	Director	$0	$0	$0
LINDA SCHOFIELD	TRUSTEE	2.50	Director	$0	$0	$0
PHILIP SCHULZ	TRUSTEE	2.00	Director	$0	$0	$0
MARK WETZEL	TRUSTEE	2.00	Director	$0	$0	$0
LISA CLARK	PRESIDENT	1.00	Officer	$0	$49,166	$373,256
CAROL BARNO	VP OF FINANCE AND CFO	2.00	Officer	$0	$28,710	$272,647

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	$1,992,228	$2,544,330	$63,439,265	$-552,102
2023	$3,962,492	$1,399,009	$53,863,908	$2,563,483
2022	$2,515,058	$869,231	$47,369,964	$1,645,827
2021	$2,907,507	$687,144	$60,952,853	$2,220,363
2020	$1,457,906	$647,127	$51,003,719	$810,779
2019	$1,354,629	$852,037	$46,031,203	$502,592
2018	$2,238,547	$883,127	$44,769,564	$1,355,420