FRIENDS OF NATHANIEL WITHERELL 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

2004

Legal Domicile

Principal Officer

JEFF ALDRICH

Phone

2036184227

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF NATHANIEL WITHERELL INC, founded in 2004, is a small nonprofit in the Public Safety sector that reported $301K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $360K exceeded revenue, resulting in a 20% operating deficit.

Mission

FRIENDS OF NATHANIEL WITHERELL IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO RAISING FUNDS IN SUPPORT OF THE NATHANIEL WITHERELL, THE SKILLED NURSING AND SHORT TERM REHABILITATION CENTER OWNED AND OPERATED BY THE TOWN OF GREENWICH, CT AND OTHERWISE ENHANCING THE QUALITY OF LIFE FOR NATHANIEL WITHERELL RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $148,521

1) INDOOR/OUTDOOR GARDEN FOR RESIDENTS: FRIENDS OF NATHANIEL WITHERELL (FNW) HAS RAISED FUNDS TO CREATE AN INDOOR/OUTDOOR GARDEN FOR USE BY LONG-TERM RESIDENTS AND THEIR FAMILIES MANY OF WHOM SUFFER FROM ALZHEIMER'S DISEASE AND SENIOR DEMENTIA.2) THERAPEUTIC RECREATION & MUSIC PROGRAMS: FNW FUNDS SUPPORT A WIDE RANGE OF THERAPEUTIC RECREATION ACTIVITIES & MUSIC PROGRAMS THAT BENEFIT THE UP TO 202 RESIDENTS OF THE NATHANIEL WITHERELL, MANY OF WHOM SUFFER FROM ALZHEIMER'S DISEASE AND SENIOR DEMENTIA.3) RESIDENT LIFE: FNW ESTABLISHED A RESTRICTED FUND THAT IS DEDICATED TO THE CARE, COMFORT AND WELL BEING OF THE RESIDENTS OF THE NATHANIEL WITHERELL.4)RESIDENT LIFE AND RECREATION: INCLUDES VOLUNTEER COORDINATOR SALARY ($74,530) AND VOLUNTEER SERVICES, CAMELOT UNIT MEMORY PROGRAM, CHAPLAINCY SERVICES, RESIDENT ART AND MUSIC PROGRAMS, WELLNESS AND EXERCISE CLASSES, SPECIAL EVENTS AND HOLIDAY CELEBRATIONS, RESIDENT OUTINGS, MONTHLY RESIDENT BIRTHDAY CELEBRATIONS, PETCARE SUPPLIES, PIANO TUNING, REFRESHMENTS AND SNACKS, DAILY NEWSPAPERS, CHAPEL FLOWERS AND SPONSORSHIP OF PUBLIC EDUCATION SERIES.5)ROSENBERG FUND: AUDITORIUM RENOVATIONS TO THE NATHANIEL WITHERELL FACILITY. 6)PROGRAM SUPPORT: INCLUDES EXPENSES RELATED TO PROJECT RENEW, ALLOCATION OF COMPENSATION, RELATED PAYROLL EXPENSES, AUDIT AND ACCOUNTING EXPENSES.

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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 $258,024

Program Service Revenue $0

Investment Income $33,390

Other Revenue $9,515

TOTAL REVENUE $300,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,183

Fundraising Expenses $143,015

Program Expenses $148,521

Other Expenses $147,114

TOTAL EXPENSES $360,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,929	$209,461	+0.4%
Expenses	$360,297	$230,139	+0.6%
Net Income	$-59,368	$-20,678	+1.9%

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

Volunteers

100

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
JEFFREY ALDRICH	CHAIRMAN	20.00	Officer Director	$0	$0	$0
MICHAEL GUIDO	TREASURER	15.00	Officer Director	$0	$0	$0
ELIZABETH KRUMEICH	SECRETARY	3.00	Officer Director	$0	$0	$0
DEBRA MCLAUGHLIN	BOARD MEMBER	5.00	Director	$0	$0	$0
BLAISE PUNTURO	BOARD MEMBER	3.00	Director	$0	$0	$0
BRAD MARKOWITZ	CHAIRMAN BOARD OF DIRECTORS EX OFFICIO	1.00	Director	$0	$0	$0
JOHN MASTRONARDI	EX OFFICIO BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER RUNGE	BOARD MEMBER (RESIGNED IN 9/17/25	10.00	Director	$0	$0	$0
JOHN SPANG JR	BOARD MEMBER	9.00	Director	$0	$0	$0
SARAH VAN LEEUWEN	BOARD MEMBER	5.00	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	$300,929	$360,297	$675,959	$-59,368
2024	No data	No data	No data	No data
2023	$348,988	$269,969	$747,175	$79,019
2022	$223,080	$319,867	$668,626	$-96,787
2022	$223,080	$319,867	$668,626	$-96,787
2021	$329,463	$262,077	$768,481	$67,386
2020	$300,322	$272,850	$700,489	$27,472
2020	$300,322	$272,850	$700,489	$27,472
2019	$310,229	$332,576	$672,167	$-22,347
2018	$277,628	$475,460	$693,897	$-197,832