The Cozen O'Connor Foundation Inc

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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

2003

Legal Domicile

Principal Officer

Harmon Spolan

Phone

2156654655

Tax Period

2023-01-01 to 2023-12-31

The Cozen O'Connor Foundation Inc, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum.

Mission

ORGANIZED PRINCIPALLY TO MAKE GRANTS AND PROVIDE FINANCIAL SUPPORT TO OTHER CHARITABLE ORGANIZATIONS QUALIFYING FOR EXEMPTION UNDER 501(c)(3).

Program Service Accomplishments

Program 1

Expenses: $2,294,699

ORGANIZED PRINCIPALLY TO MAKE GRANTS AND PROVIDE FINANCIAL SUPPORT TO OTHER CHARITABLE ORGANIZATIONS QUALIFYING FOR EXEMPTION UNDER 501(c)(3).

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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 $2,318,554

Program Service Revenue $0

Investment Income $2,049

Other Revenue $0

TOTAL REVENUE $2,320,603

Expense Breakdown

Grants Paid $2,294,699

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,294,699

Other Expenses $475

TOTAL EXPENSES $2,295,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,320,603	$1,508,970	+0.5%
Expenses	$2,295,174	$1,701,736	+0.3%
Net Income	$25,429	$-192,766	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID W ELLMAN	TREASURER	1.00	Officer Director	$0	$0	$0
VINCENT MCGUINNESS	PRESIDENT AND VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
MICHAEL HELLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEPHEN A COZEN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK J O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
INGRID WELCH	SECRETARY	1.00	Officer	$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	$2,320,603	$2,295,174	$2,492,919	$25,429
2022	$1,508,970	$1,701,736	$2,467,490	$-192,766
2021	$1,030,680	$1,527,214	$2,660,256	$-496,534
2020	$1,266,696	$233,620	$3,156,790	$1,033,076
2019	$2,220,500	$1,859,585	$2,123,713	$360,915