CARLETON-WILLARD 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

2006

Legal Domicile

Principal Officer

CHRISTOPHER J GOLEN

Phone

7812758700

Tax Period

2023-01-01 to 2023-12-31

CARLETON-WILLARD FOUNDATION INC, founded in 2006, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $38K in total revenue in fiscal year 2023. Revenue surged 232% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 90% operating margin.

Mission

THE FOUNDATION WAS ESTABLISHED AS A FUNDRAISING RESOURCE FOR CARLETON-WILLARD HOMES, INC.(CWH), TO SUPPORT CWH IN CARRYING OUT ITS EXEMPT PURPOSE, THAT OF HELPING THE ELDERLY WITH THEIR HOUSING, MEDICAL AND SOCIAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $15 Revenue: $15,220

PROVIDES LUNCH TO SENIORS IN THE TOWN OF BEDFORD THROUGH MINUTEMAN SENIOR SERVICES THREE TIMES PER WEEK. APPROXIMATELY 1,200 MEALS WERE PROVIDED IN 2023.

Program 2

PROVIDES GRANTS TO THE TOWN OF BEDFORD TO OPERATE THE WHEELS OF LIFE PROGRAM PROVIDING SENIORS TRANSPORTATION TO MEDICAL APPOINTMENTS.

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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 $0

Program Service Revenue $15,220

Investment Income $22,647

Other Revenue $0

TOTAL REVENUE $37,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15

Other Expenses $3,838

TOTAL EXPENSES $3,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,867	$11,411	+2.3%
Expenses	$3,838	$14,389	-0.7%
Net Income	$34,029	$-2,978	-12.4%

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

$1,078,283

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN E CUPPLES	TRUSTEE	0.10	Director	$0	$0	$0
PAUL HARRISON JR	TRUSTEE	0.10	Director	$0	$0	$0
REV JOHN C LOMBARD D MIN	TRUSTEE	0.10	Director	$0	$0	$0
JAMES A SALTONSTALL	TRUSTEE	0.10	Director	$0	$0	$0
ADRIENNE SMITH	TRUSTEE	0.10	Director	$0	$0	$0
TOM WOODHOUSE	TRUSTEE	0.10	Director	$0	$0	$0
RUTH W PIPER	BOARD CHAIR	0.10	Officer Director	$0	$0	$0
WILLIAM W GALLAGHER III	VICE CHAIR	0.10	Officer Director	$0	$0	$0
JEFFREY R WILLIAMS	TREASURER (AS OF 6/15/23)	0.10	Officer Director	$0	$0	$0
WILLIAM W JACKSON	TREASURER (THRU 4/20/23)	0.10	Officer Director	$0	$0	$0
ANN MARIE TEUBER LMFT	CLERK	0.10	Officer Director	$0	$0	$0
BARBARA A DOYLE	PRESIDENT & CEO (THRU 5/5/23)	0.10	Officer	$0	$14,843	$346,417
CHRISTOPHER GOLEN	PRESIDENT & CEO (AS OF 4/24/23)	0.10	Officer	$0	$24,061	$319,841
JANET D SILVERMAN	CFO (THRU 6/29/23)	0.10	Officer	$0	$16,352	$232,563
MICHAEL MATTHEWS	CFO (AS OF 5/10/23)	0.10	Officer	$0	$962	$179,462

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	$37,867	$3,838	$934,508	$34,029
2022	$11,411	$14,389	$809,772	$-2,978
2021	$16,742	$24,893	$919,157	$-8,151
2020	$19,667	$18,030	$835,070	$1,637
2019	$33,623	$50,360	$760,339	$-16,737
2018	$47,014	$46,938	$667,685	$76