THE WOLCOTT 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

1952

Legal Domicile

Principal Officer

MICHAEL CLARK

Phone

2153683121

Tax Period

2024-05-01 to 2025-04-30

THE WOLCOTT FOUNDATION INC, founded in 1952, is a small nonprofit in the Education sector that reported $174K in total revenue in fiscal year 2024. Revenue surged 322% from the prior year, signaling strong growth momentum. Expenses of $152K left a modest 12% surplus.

Mission

THE FOUNDATION ASSISTS IN PREPARING QUALIFIED SCHOLARS FOR FUTURE POLICY MAKING POSITIONS IN GOVERNMENT AND WORLD AFFAIRS THROUGH THE GRANTING OF FELLOWSHIPS AND STUDENT LOANS IN ORDER TO PRESERVE A FREE SOCIETY FOR FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $126,852

THE FOUNDATION GRANTS STUDENT FELLOWSHIPS AND LOANS TO QUALIFIED STUDENTS OF GEORGE WASHINGTON UNIVERSITY (GWU). THE STUDENT FELLOWSHIPS ARE INITIALLY RECORDED AS STUDENT'S ACCOUNTS RECEIVABLE...

THE FOUNDATION GRANTS STUDENT FELLOWSHIPS AND LOANS TO QUALIFIED STUDENTS OF GEORGE WASHINGTON UNIVERSITY (GWU). THE STUDENT FELLOWSHIPS ARE INITIALLY RECORDED AS STUDENT'S ACCOUNTS RECEIVABLE (STUDENT LOANS) WHILE ATTENDING GWU. UPON GRADUATION 25% OF EACH STUDENT'S GROSS STUDENT FELLOWSHIP LOANS ARE WAIVED FOR EACH YEAR SUCH STUDENT PERFORMED GOVERNMENTAL OR RELATED SERVICE AS APPROVED BY THE TRUSTEES.

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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 $56,273

Program Service Revenue $0

Investment Income $114,624

Other Revenue $2,679

TOTAL REVENUE $173,576

Expense Breakdown

Grants Paid $98,533

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,852

Other Expenses $53,899

TOTAL EXPENSES $152,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,576	$41,108	+3.2%
Expenses	$152,432	$165,779	-0.1%
Net Income	$21,144	$-124,671	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CLARK	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MATTHEW D DUPEE	ADMINISTRATO	N/A	Officer Director	$0	$0	$0
STANLEY GARDNER	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
ROGER HANSEN	TRUSTEE	N/A	Director	$0	$0	$0
WILLIAM WILKINSON	SECRETARY	N/A	Officer 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	$173,576	$152,432	$1,846,015	$21,144
2024	$41,108	$165,779	$2,172,682	$-124,671
2023	$191,813	$208,944	$6,218,039	$-17,131
2022	$518,796	$566,364	$6,566,658	$-47,568
2021	$956,024	$410,066	$6,410,895	$545,958
2020	$394,513	$342,566	$5,430,209	$51,947
2019	$287,985	$281,364	$5,228,159	$6,621
2018	$338,571	$318,380	$5,135,163	$20,191