FIDELITY NON-PROFIT MANAGEMENT FOU… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

MAURA MARX

Phone

6176467418

Tax Period

2023-01-01 to 2023-12-31

FIDELITY NON-PROFIT MANAGEMENT FOUNDATION, founded in 1992, is a major nonprofit in the Community Improvement sector that reported $279.6M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $176.6M, a strong 63% operating margin.

Mission

MAKING GRANTS AND CONDUCTING SUPPORTING ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM ONE OR MORE OF THE FUNCTIONS OF, OR TO CARRY OUT ONE OR MORE OF THE PURPOSES OF, SUPPORTED ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) (CONTINUED ON SCHEDULE O)AND 509(A)(1) OR (2) OF THE CODE THAT CONDUCT ACTIVITIES IN ARTS AND CULTURE, EDUCATION, OR MEDICAL RESEARCH AND HEALTHCARE, WITH EMPHASIS ON ENCOURAGING THE HIGHEST STANDARDS OF NON-PROFIT MANAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $102,277,322 Revenue: $0

GRANT MAKING TO SUPPORT ARTS AND CULTURE, EDUCATION, MEDICAL RESEARCH AND HEALTHCARE, WITH EMPHASIS ON ENCOURAGING THE HIGHEST STANDARDS OF NON-PROFIT MANAGEMENT.

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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 $22,942,424

Program Service Revenue $0

Investment Income $256,676,196

Other Revenue $0

TOTAL REVENUE $279,618,620

Expense Breakdown

Grants Paid $96,569,000

Salaries & Benefits $5,049,156

Fundraising Expenses $0

Program Expenses $102,277,322

Other Expenses $1,373,859

TOTAL EXPENSES $102,992,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,618,620	$137,942,315	+1.0%
Expenses	$102,992,015	$103,419,151	0.0%
Net Income	$176,626,605	$34,523,164	+4.1%

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

$964,471

Total Directors

$542,785

Key Employees

$245,515

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN HOCKFIELD	DIRECTOR	5.00	Director	$25,000	$0	$472,785
JOHN PALFREY	DIRECTOR (AS OF 3/2023)	5.00	Director	$25,000	$0	$45,000
ROBERT A RADLOFF	DIRECTOR & VP	5.00	Officer Director	$25,000	$0	$25,000
EDWARD C JOHNSON IV	DIRECTOR & CHAIRMAN	5.00	Officer Director	$0	$0	$0
ELIZABETH L JOHNSON	DIRECTOR (AS OF 11/2023)	5.00	Director	$0	$0	$0
ELIZABETH B JOHNSON	DIRECTOR (THRU 11/2023)	5.00	Director	$0	$0	$0
CHRISTOPHER J MCKOWN	SECRETARY	5.00	Officer	$0	$0	$0
MAURA MARX	PRESIDENT	21.00	Officer	$513,975	$14,993	$528,968
KEVIN SAUNDERS	ASST SECRETARY	19.00	Officer	$176,085	$37,866	$213,951
DANIEL M ARDITO	TREASURER	16.00	Officer	$163,380	$33,172	$196,552
LYDIA BERGEN	VP, OPERATIONS	21.00	Key Emp	$214,045	$31,470	$245,515
CAROLINE NOLAN	PROGRAM DIRECTOR	32.00	Highest	$230,784	$48,631	$279,415
CANDACE TEBBENKAMP	SR PROG OFFICER, MEDICAL SCI&HEALTH	36.00	Highest	$204,553	$40,343	$244,896
KEVIN DA SILVA	DIR, MEDICAL SCIENCE & HEALTH	36.00	Highest	$190,483	$8,862	$199,345
LISA BEVILAQUA	PROGRAM DIRECTOR, ARTS & CULTURE	21.00	Highest	$171,942	$11,418	$183,360
GLORIA LOPEZ	SR PROGRAM OFFICER, EDUCATION	32.00	Highest	$208,213	$6,929	$215,142

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	$279,618,620	$102,992,015	$2,449,324,409	$176,626,605
2022	$137,942,315	$103,419,151	$2,272,862,889	$34,523,164
2021	$256,876,248	$77,098,233	$2,237,901,889	$179,778,015
2020	$111,980,332	$74,993,413	$2,058,127,832	$36,986,919
2019	$383,592,162	$136,206,522	$2,021,140,913	$247,385,640

FIDELITY NON-PROFIT MANAGEMENT FOUNDATION