The McGhee Foundation (EIN 113642818) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Denis Cotter

Tax Period

2023-10-01 to 2024-09-30

The McGhee Foundation, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $143K in total revenue in fiscal year 2017. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $195K exceeded revenue, resulting in a 37% operating deficit.

Mission

The mission of The McGhee Foundation is to continue the educational and humanitarian legacy of US Ambassador George McGhee (1912-2005) by supporting projects and programs that provide inspirational learning opportunities and enrich the lives of residents in the VA Piedmont area.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $15,265

Other Revenue $10,247

TOTAL REVENUE $25,512

Expense Breakdown

Grants Paid $87,795

Salaries & Benefits $87,207

Fundraising Expenses $0

Program Expenses $157,840

Other Expenses $4,320

TOTAL EXPENSES $179,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,512	$49,742	-0.5%
Expenses	$179,322	$168,098	+0.1%
Net Income	$-153,810	$-118,356	+0.3%

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

$81,000

Total Directors

$81,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Connie Marr	SecyTreas	40.00	Officer Director	$81,000	$0	$81,000
Cynthia McGlumphy	Vice President	1.00	Director	$0	$0	$0
Denis Cotter	President Board Chair	2.00	Officer 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	$25,512	$179,322	$1,635,006	$-153,810
2023	$49,742	$168,098	$1,515,418	$-118,356
2022	$137,419	$186,952	$1,504,686	$-49,533
2021	$73,054	$196,706	$1,914,829	$-123,652
2020	$113,655	$202,645	$1,721,446	$-88,990
2019	$135,387	$209,721	$1,859,041	$-74,334
2018	$142,895	$195,231	$2,012,274	$-52,336

The McGhee Foundation