THE MS HERSHEY FOUNDATION (EIN 236242734) - 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

1935

Legal Domicile

Principal Officer

DONALD PAPSON

Phone

7172982200

Tax Period

2023-01-01 to 2023-12-31

THE MS HERSHEY FOUNDATION, founded in 1935, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $18.2M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Net assets of $56.8M represent 37 months of operating reserves.

Mission

TO PRESERVE AND ENHANCE MILTON HERSHEY'S LEGACY AND COMMUNITY VISION AND TO PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT TO THE RESIDENTS OF THE HERSHEY AREA.

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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 $1,764,933

Program Service Revenue $14,586,748

Investment Income $868,729

Other Revenue $1,019,482

TOTAL REVENUE $18,239,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,619,469

Fundraising Expenses $5,572

Program Expenses $17,523,025

Other Expenses $14,179,575

TOTAL EXPENSES $18,799,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,239,892	$28,386,935	-0.4%
Expenses	$18,799,044	$15,280,770	+0.2%
Net Income	$-559,152	$13,106,165	-1.0%

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

189

Volunteers

630

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

$1,103,422

Total Directors

$2,741,618

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BROWN	MANAGER	1.0	Director	$0	$63,984	$1,965,000
M DIANE KOKEN	MANAGER	1.0	Director	$0	$170,000	$275,000
JEREL HOPKINS	SECRETARY AS OF 8/23	2.0	Officer	$0	$34,572	$273,729
DONALD PAPSON	EXECUTIVE DIRECTOR	45.0	Officer	$226,342	$40,091	$266,433
THOMAS SCHMIDT	SECRETARY UNTIL 8/23	0.0	Officer	$0	$0	$231,000
MARIA KRAUS	MANAGER	1.0	Director	$0	$106,484	$227,248
BRIDGET BECK	ASSOC. EXEC. DIR./TREAS	45.0	Officer	$157,101	$25,570	$182,671
CAROL DANZ	ASSISTANT SECRETARY	1.0	Officer	$0	$41,285	$149,589
DAN KATZIR	FORMER BOARD OF MANAGERS	0.0		$0	$0	$146,652
AMY ZEIGLER	SR DIRECTOR PROGRAMMING	40.0	Highest	$114,958	$28,863	$143,821
JASON WOLFE	MANAGER AS OF 12/23	0.0	Director	$0	$0	$137,718
MICHELLE FIGLAR	MANAGER AS OF 12/23	0.0	Director	$0	$0	$136,652
JILL MANLEY	SR DIRECTOR OF COMMUNICATIONS	40.0	Highest	$108,084	$28,282	$136,366
HERSHEY TRUST COMPANY	INSTITUTIONAL TRUSTEE	0.0		$1,000	$0	$1,000

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	$18,239,892	$18,799,044	$71,280,742	$-559,152
2022	$28,386,935	$15,280,770	$69,409,983	$13,106,165
2021	$17,201,612	$9,079,885	$64,689,691	$8,121,727
2020	$7,846,544	$7,267,314	$55,168,245	$579,230
2019	$12,355,652	$13,569,844	$56,217,627	$-1,214,192
2018	$12,556,699	$12,616,656	$53,867,246	$-59,957

THE MS HERSHEY FOUNDATION