The Concord Fund

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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

2004

Legal Domicile

Principal Officer

Gary Marx

Phone

2023499049

Tax Period

2022-07-01 to 2023-06-30

The Concord Fund, founded in 2004, is a mid-sized nonprofit that reported $52.8M in total revenue in fiscal year 2022. Revenue surged 80% from the prior year, signaling strong growth momentum.

Mission

The mission of The Concord Fund is to promote the vision of liberty and justice in America, fidelity to the principles of federalism and the rule of law, to educate and organize citizens in this mission, and to encourage reforms that achieve these ends.

Program Service Accomplishments

Program 1

Expenses: $53,346,918 Revenue: $0

During the fiscal year ending June 30, 2023, The Concord Fund produced radio and television advertisements regarding significant legal and civic issues, court packing, executive branch appointments, federalism, and civic accountability. The Organization also maintained websites and produced newsletters promoting the confirmation of various judicial nominees as well as highlighting the news of judicial confirmations at the federal and state level. The Organization conducted media and public presentations covering judicial and executive branch nominations, potential Supreme Court vacancies, major Supreme Court cases being considered, previews of the upcoming term, and principles of federalism and civic accountability. Grants were also made to other organizations to facilitate these activities and help strengthen the rule of law, reinforce the view of a fair and impartial judiciary, and promote fidelity to the principles of federalism and civic accountability.

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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 $52,773,080

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $52,773,080

Expense Breakdown

Grants Paid $44,319,629

Salaries & Benefits $1,002,824

Fundraising Expenses $0

Program Expenses $53,346,918

Other Expenses $9,349,294

TOTAL EXPENSES $54,671,747

Year-over-Year Comparison

	2022	2021	Change
Revenue	$52,773,080	$29,351,842	+0.8%
Expenses	$54,671,747	$28,528,371	+0.9%
Net Income	$-1,898,667	$823,471	-3.3%

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

N/A

Employees

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
Ann Corkery	Counsel	30	Highest	$331,729	$0	$331,729
Frank J Scaturro	Counsel	30	Highest	$246,419	$0	$246,419
Carrie L Severino	Counsel	30	Highest	$206,048	$0	$206,048
Gary Marx	Secretary, Treasurer, Director	10	Officer 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	No data	No data	No data	No data
2023	$52,773,080	$54,671,747	$734,760	$-1,898,667
2022	$29,351,842	$28,528,371	$2,633,427	$823,471
2021	$48,134,887	$51,141,379	$1,809,956	$-3,006,492
2019	$29,570,930	$33,658,619	$1,178,829	$-4,087,689