The Westfield Foundation (EIN 222155896) - 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

1975

Legal Domicile

Principal Officer

Kathryn Curran

Tax Period

2023-01-01 to 2023-12-31

The Westfield Foundation, founded in 1975, is a small nonprofit that reported $941K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 39% operating deficit.

Mission

The Organization is a not-for-profit established to support the public well-being and improve the quality of life in the community. It administers endowment and other funds established by individuals and organizations, invests them and makes grants to meet community needs.

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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 $107,514

Program Service Revenue $0

Investment Income $833,310

Other Revenue $0

TOTAL REVENUE $940,824

Expense Breakdown

Grants Paid $1,130,453

Salaries & Benefits $81,159

Fundraising Expenses $2,256

Program Expenses $1,214,708

Other Expenses $98,141

TOTAL EXPENSES $1,309,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$940,824	$778,824	+0.2%
Expenses	$1,309,753	$1,177,586	+0.1%
Net Income	$-368,929	$-398,762	-0.1%

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

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathryn Curran	Executive Director	20.00	Officer	$50,000	$0	$50,000
Priscilla Mann	Office Manager	20.00		$23,336	$0	$23,336
Robert John	Board Director	2.00	Director	$0	$0	$0
John Schmidt	Board Director	2.00	Director	$0	$0	$0
Gretchan Ohlig	Board Director	2.00	Director	$0	$0	$0
Colleen Thorburn	Board Director	2.00	Director	$0	$0	$0
Corey Wu-Jung	Board Director	2.00	Director	$0	$0	$0
Cheryl Swift	Board Director	2.00	Director	$0	$0	$0
Michael Moye	Board Director	2.00	Director	$0	$0	$0
Michelle Habayeb	Board Director	2.00	Director	$0	$0	$0
Gregory Irwin	Board Director	2.00	Director	$0	$0	$0
Lawrence Darrow	Board Director	2.00	Director	$0	$0	$0
Amy Eisenstein	Board Director	2.00	Director	$0	$0	$0
Louis Magrone	Board Director	2.00	Director	$0	$0	$0
Rupa Motwani	Board Director	2.00	Director	$0	$0	$0
Munira Ismail	Board Director	2.00	Director	$0	$0	$0
Toni Janota	Board Director	2.00	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
2024	No data	No data	No data	No data
2023	$940,824	$1,309,753	$28,314,788	$-368,929
2022	$965,070	$1,177,586	$25,538,120	$-212,516
2021	$1,784,279	$1,048,255	$31,949,355	$736,024
2021	$1,641,422	$1,248,226	$31,951,644	$393,196
2020	$1,290,312	$1,001,236	$29,890,184	$289,076
2019	$1,665,026	$908,762	$26,906,425	$756,264
2018	$4,817,524	$1,296,726	$22,844,058	$3,520,798

The Westfield Foundation