NAREIT FOUNDATION (EIN 200455984) - 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

2003

Legal Domicile

Principal Officer

STEVEN WECHSLER

Phone

2027399400

Tax Period

2024-01-01 to 2024-12-31

NAREIT FOUNDATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $290K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $911K exceeded revenue, resulting in a 214% operating deficit.

Mission

MAKING GRANTS TO CHARITABLE, EDUCATIONAL, AND OTHER ORGANIZATIONS QUALIFIED AND RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; TAKING STEPS TO PROMOTE AND ADVANCE SOCIAL RESPONSIBILITY IN THE REAL ESTATE INVESTMENT TRUST INDUSTRY; AND SPONSORING EDUCATIONAL CONFERENCES OR PUBLISHING WRITTEN EDUCATIONAL MATERIAL DEALING WITH LEGAL, ACCOUNTING AND REGULATORY MATTERS CONCERNING REAL ESTATE INVESTMENT TRUSTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $210,000

Program Service Revenue $0

Investment Income $80,348

Other Revenue $0

TOTAL REVENUE $290,348

Expense Breakdown

Grants Paid $906,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $909,303

Other Expenses $4,825

TOTAL EXPENSES $910,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,348	$935,929	-0.7%
Expenses	$910,825	$901,246	+0.0%
Net Income	$-620,477	$34,683	-18.9%

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

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

$3,795,643

Total Directors

$3,795,643

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN WECHSLER	PRESIDENT	0.00	Officer Director	$0	$68,663	$2,874,992
CATHERINE BARRE	TREASURER & SECRETARY	1.00	Officer Director	$0	$83,466	$920,651
MARK J PARRELL	CHAIR	0.00	Officer Director	$0	$0	$0
THOMAS A BARTLETT	BOARD MEMBER (THRU 2/1/24)	0.00	Director	$0	$0	$0
CONOR C FLYNN	BOARD MEMBER	0.00	Director	$0	$0	$0
W MATTHEW KELLY	BOARD MEMBER	0.00	Director	$0	$0	$0
MARGUERITE M NADER	BOARD MEMBER	0.00	Director	$0	$0	$0
LISA PALMER	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES F RISOLEO	BOARD MEMBER	1.00	Director	$0	$0	$0
SUMIT ROY	BOARD MEMBER	0.00	Director	$0	$0	$0
DONALD C WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE D HALE	CHAIR	0.00	Officer Director	$0	$0	$0
THOMAS J BALTIMORE JR	BOARD MEMBER	1.00	Director	$0	$0	$0
CONOR C FLYNN	BOARD MEMBER	0.00	Director	$0	$0	$0
W MATTHEW KELLY	BOARD MEMBER	0.00	Director	$0	$0	$0
LISA PALMER	BOARD MEMBER	0.00	Director	$0	$0	$0
MARK J PARRELL	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES F RISOLEO	BOARD MEMBER	1.00	Director	$0	$0	$0
SUMIT ROY	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVEN VONDRAN	BOARD MEMBER	0.00	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
2025	No data	No data	No data	No data
2024	$290,348	$910,825	$2,301,967	$-620,477
2023	$935,929	$901,246	$2,922,444	$34,683
2022	$3,023,152	$496,328	$2,887,761	$2,526,824
2021	$687,662	$628,955	$360,937	$58,707
2020	$311,716	$330,926	$373,230	$-19,210

NAREIT FOUNDATION