WIT Foundation Inc (EIN 133929472) - 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

1996

Legal Domicile

Phone

2126751141

Tax Period

2022-01-01 to 2022-12-31

WIT Foundation Inc, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2022. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $231K, a strong 22% operating margin.

Mission

The WIT Foundation Inc. is a collaborative community championing professional growth for women through leadership, networking and educational opportunities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,020,114

Program Service Revenue $27,934

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,048,048

Expense Breakdown

Grants Paid $32,535

Salaries & Benefits $221,729

Fundraising Expenses $75,219

Program Expenses $612,689

Other Expenses $563,026

TOTAL EXPENSES $817,290

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,048,048	$703,985	+0.5%
Expenses	$817,290	$610,621	+0.3%
Net Income	$230,758	$93,364	+1.5%

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

100

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

$85,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Kay Russell	Executive Dir.	40.00	Officer	$85,320	$0	$85,320
Amy Thompson	Director	1.00	Director	$0	$0	$0
Alita Friedman	Secr/Treasurer	5.00	Officer Director	$0	$0	$0
Bisma Ansari	Director	1.00	Director	$0	$0	$0
Angelina Castro	Director	1.00	Director	$0	$0	$0
Stefanie Barone	Director	1.00	Director	$0	$0	$0
Anne Carrihill	Director	1.00	Director	$0	$0	$0
Jennifer Caveza	Director	1.00	Director	$0	$0	$0
Kristi Wasmer	Director	1.00	Director	$0	$0	$0
Michelle Weber	Director	1.00	Director	$0	$0	$0
Shawn Smith	Director	1.00	Director	$0	$0	$0
Christina Sklavenitis	Director	1.00	Director	$0	$0	$0
Karen Kilpatrick	Director	1.00	Director	$0	$0	$0
Gena Lavallee	Director	1.00	Director	$0	$0	$0
Julie Gwaltney	Director	1.00	Director	$0	$0	$0
Kiara Williams	Director	1.00	Director	$0	$0	$0
Kristin Lecour	Director	1.00	Director	$0	$0	$0
Jennifer Quattrock	Director	1.00	Director	$0	$0	$0
Delanie West	Director	1.00	Director	$0	$0	$0
Leila Nosrati	Director	1.00	Director	$0	$0	$0
Janice Ross	President	20.00	Officer Director	$0	$0	$0
Lisa Whitaker	Director	1.00	Director	$0	$0	$0
Natasha Tous	Director	1.00	Director	$0	$0	$0
Tara Deakin	Director	1.00	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$1,048,048	$817,290	$784,375	$230,758
2021	$703,985	$610,621	$646,077	$93,364
2020	$526,180	$486,616	$661,665	$39,564
2019	$482,078	$453,960	$569,962	$28,118
2018	$423,289	$358,683	$457,403	$64,606

WIT Foundation Inc