THE WARTBURG 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

1991

Legal Domicile

Principal Officer

DAVID GENTNER

Phone

9145135308

Tax Period

2023-01-01 to 2023-12-31

THE WARTBURG FOUNDATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $3.9M exceeded revenue, resulting in a 277% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO STEWARD THE WARTBURG ENDOWMENT FUNDS; GENERATE INCOME THROUGH TESTAMENTARY GIFTS, ANNUAL FUND SOLICITATIONS, AND GRANT REQUESTS; AND AWARD FUNDS TO WARTBURG ADULT CARE COMMUNITY PROGRAMS, OTHER LUTHERAN MINISTRIES, OR TO ANY OTHER DESERVING CHARITY THAT STRIVES TO HELP OLDER ADULTS LIVE WITH DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $2,861,360

GRANTS AND ACTIVITIES TO SUPPORT TAX EXEMPT ORGANIZATIONS FOR CHARITABLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC AND/OR LITERARY PURPOSES.

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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 $79,345

Program Service Revenue $0

Investment Income $958,176

Other Revenue $0

TOTAL REVENUE $1,037,521

Expense Breakdown

Grants Paid $2,861,360

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,861,360

Other Expenses $1,048,638

TOTAL EXPENSES $3,909,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,037,521	$970,481	+0.1%
Expenses	$3,909,998	$2,180,035	+0.8%
Net Income	$-2,872,477	$-1,209,554	+1.4%

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

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

$697,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE BELLO BURKE	DIRECTOR	1.00	Director	$0	$0	$0
DR NICHOLAS CICCHETTI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ULRICH J ROSA	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN D DEL BENE	DIRECTOR	1.00	Director	$0	$0	$0
REV DR DARREN M MORTON	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN H STERN III	DIRECTOR	1.00	Director	$0	$0	$0
DIANE CARLETTI-ROMER	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA DONATO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GENTNER	PRESIDENT AND CEO	2.00	Officer	$440,843	$0	$440,843
JOSEPH SESSA	CFO	2.00	Officer	$256,337	$0	$256,337

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	$1,037,521	$3,909,998	$21,419,413	$-2,872,477
2022	$970,481	$2,180,035	$20,663,040	$-1,209,554
2021	$1,907,042	$3,079,322	$22,875,244	$-1,172,280
2020	$599,510	$2,614,708	$21,840,801	$-2,015,198
2019	$733,322	$2,203,589	$21,962,099	$-1,470,267
2018	$2,245,086	$1,284,561	$19,765,001	$960,525