ESSEX FOUNDATION INC (EIN 237070397) - 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

1970

Legal Domicile

Principal Officer

STRICKLAND HYDE

Phone

8602277302

Tax Period

2024-10-01 to 2025-09-30

ESSEX FOUNDATION INC, founded in 1970, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 546% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 92% operating margin.

Mission

TO RECEIVE AND ADMINISTER FUNDS OR OTHER PROPERTY TO HELP MEET THE MEDICAL, EDUCATIONAL, SOCIAL WELFARE AND CULTURAL NEEDS OF THE CITIZENS OF ESSEX DIRECTLY AND BY AIDING AND ASSISTING INSTITUTIONS ORGANIZED AND OPERATED TO FULFILL SUCH NEEDS.

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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 $1,814,105

Program Service Revenue $0

Investment Income $439,114

Other Revenue $0

TOTAL REVENUE $2,253,219

Expense Breakdown

Grants Paid $146,717

Salaries & Benefits $0

Fundraising Expenses $2,522

Program Expenses $157,388

Other Expenses $23,820

TOTAL EXPENSES $170,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,253,219	$348,766	+5.5%
Expenses	$170,537	$42,901	+3.0%
Net Income	$2,082,682	$305,865	+5.8%

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

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
GARY RIGGIO	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE GLOWAC	DIRECTOR	1.00	Director	$0	$0	$0
MARLA BOGAERT	DIRECTOR	1.00	Director	$0	$0	$0
JUDY BOMBACI	SECRETARY	1.00	Officer	$0	$0	$0
CHERYL HARGER	TREASURER	1.00	Officer	$0	$0	$0
JAMES CLARK	VICE PRESIDE	1.00	Officer	$0	$0	$0
STRICKLAND HYDE	PRESIDENT	1.00	Officer	$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	$2,253,219	$170,537	$4,209,830	$2,082,682
2024	$348,766	$42,901	$2,236,227	$305,865
2023	$157,526	$147,073	$1,679,095	$10,453
2022	$88,635	$42,553	$1,667,968	$46,082
2021	$97,253	$32,401	$1,794,249	$64,852
2020	$83,096	$52,594	$1,579,814	$30,502
2019	$159,952	$47,585	$1,574,492	$112,367
2018	$80,387	$22,477	$1,487,250	$57,910

ESSEX FOUNDATION INC