TAMARACK FOUNDATION INC (EIN 134219221) - 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

2000

Legal Domicile

Principal Officer

RENEE MARGOCEE

Phone

3049263770

Tax Period

2023-01-01 to 2023-12-31

TAMARACK FOUNDATION INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $443K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $570K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO FOSTER, ENHANCE, AND EXTEND THE CULTURAL HERITAGE OF WEST VIRGINIA BY PROVIDING SERVICES AND OPPORTUNITIES TO WEST VIRIGNIAN ARTISANS. THE FOUNDATION'S PURPOSES ARE PURELY EDUCATIONAL AND CHARITABLE.

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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 $427,187

Program Service Revenue $5,534

Investment Income $10,414

Other Revenue $0

TOTAL REVENUE $443,135

Expense Breakdown

Grants Paid $125,000

Salaries & Benefits $39,908

Fundraising Expenses $0

Program Expenses $468,925

Other Expenses $404,940

TOTAL EXPENSES $569,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$443,135	$472,563	-0.1%
Expenses	$569,848	$475,528	+0.2%
Net Income	$-126,713	$-2,965	+41.7%

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

$74,131

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM HARVIT	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN FELLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBBY MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM PAJARILLO	TREASURER	1.00	Officer Director	$0	$0	$0
JUDY MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLO LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE MARGOCEE	EXECUTIVE DIRECTOR	40.00	Officer	$74,131	$0	$74,131

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	$443,135	$569,848	$499,646	$-126,713
2022	$472,563	$475,528	$617,013	$-2,965
2021	$453,443	$284,335	$604,567	$169,108
2020	$147,020	$208,859	$441,167	$-61,839
2019	$166,643	$199,812	$516,497	$-33,169
2018	$227,574	$199,548	$540,765	$28,026

TAMARACK FOUNDATION INC