THE WOOLWORTH FOUNDATION (EIN 237004468) - 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

1965

Legal Domicile

Principal Officer

EUGENE W BRYSON JR

Phone

3182272270

Tax Period

2023-01-01 to 2023-12-31

THE WOOLWORTH FOUNDATION, founded in 1965, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.1M in total revenue in fiscal year 2023. Expenses of $9.0M exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDING FUNDS TO CHURCH AND COLLEGE

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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 $0

Program Service Revenue $0

Investment Income $326,655

Other Revenue $6,746,535

TOTAL REVENUE $7,073,190

Expense Breakdown

Grants Paid $8,903,918

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,903,918

Other Expenses $99,534

TOTAL EXPENSES $9,003,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,073,190	$6,614,721	+0.1%
Expenses	$9,003,452	$3,309,610	+1.7%
Net Income	$-1,930,262	$3,305,111	-1.6%

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	Role	Reportable Comp	Other Comp	Total
EUGENE W BRYSON JR	DIRECTOR, PRESIDENT	Officer Director	$0	$0	$0
JAMES M GOINS	DIRECTOR, TREASURER	Officer Director	$0	$0	$0
WILLIAM G ANDERSON	DIRECTOR, SECRETARY	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
2024	No data	No data	No data	No data
2023	$7,073,190	$9,003,452	$21,394,351	$-1,930,262
2022	$6,614,721	$3,309,610	$21,137,739	$3,305,111
2021	$1,134,153	$939,501	$17,675,910	$194,652
2020	$793,933	$801,552	$17,481,259	$-7,619
2019	$1,073,450	$1,342,758	$17,488,878	$-269,308
2018	$1,438,880	$1,370,119	$17,758,187	$68,761

THE WOOLWORTH FOUNDATION