HARTWOOD 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

1973

Legal Domicile

Principal Officer

SEAN MCGINNIS

Phone

7032730939

Tax Period

2024-07-01 to 2025-06-30

HARTWOOD FOUNDATION INC, founded in 1973, is a mid-sized nonprofit in the Human Services sector that reported $12.2M in total revenue in fiscal year 2024. Expenses of $11.8M left a modest 4% surplus.

Mission

THE MISSION OF HARTWOOD FOUNDATION, INC. (THE FOUNDATION) IS TO PROVIDE SERVICES FOR PERSONS WITH DEVELOPMENTAL DISABILITIES BY FURNISHING HOUSING AND TRAINING IN INDEPENDENT LIVING.

Program Service Accomplishments

Program 1

Expenses: $9,078,783 Revenue: $10,286,710

THE AGENCY/CORPORATION PROVIDES HOUSING AND RESIDENTIAL SUPPORT SERVICES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES. THE AGENCY OPERATES FIFTEEN GROUP HOMES UNDER COMMUNITY GRANTS FROM FAIRFAX...

THE AGENCY/CORPORATION PROVIDES HOUSING AND RESIDENTIAL SUPPORT SERVICES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES. THE AGENCY OPERATES FIFTEEN GROUP HOMES UNDER COMMUNITY GRANTS FROM FAIRFAX COUNTY, VIRGINIA AND THE VIRGINIA DEVELOPMENTAL DISABILITIES MEDICAID WAIVER SERVICES PROGRAM.

Program 2

Expenses: $953,484 Revenue: $1,405,173

THE AGENCY/CORPORATION PROVIDES HOUSING AND RESIDENTIAL SUPPORT SERVICES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. THE AGENCY OPERATES THREE GROUP HOMES IN HENRICO COUNTY, VIRGINIA UNDER THE...

THE AGENCY/CORPORATION PROVIDES HOUSING AND RESIDENTIAL SUPPORT SERVICES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. THE AGENCY OPERATES THREE GROUP HOMES IN HENRICO COUNTY, VIRGINIA UNDER THE VIRGINIA DEVELOPMENTAL DISABILITIES MEDICAID WAIVER SERVICES PROGRAM.

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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 $102,047

Program Service Revenue $11,678,147

Investment Income $419,585

Other Revenue $42,029

TOTAL REVENUE $12,241,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,574,278

Fundraising Expenses $0

Program Expenses $10,032,267

Other Expenses $2,227,979

TOTAL EXPENSES $11,802,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,241,808	$12,288,243	0.0%
Expenses	$11,802,257	$12,201,313	0.0%
Net Income	$439,551	$86,930	+4.1%

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

154

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

$178,844

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN BROWN	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN MCCARTHY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHERINE A LOMBARD	SECRETARY	2.00	Officer Director	$0	$0	$0
JOCELYN FOLSOM	DIRECTOR	2.00	Director	$0	$0	$0
ELLIOT DUBIN	DIRECTOR	2.00	Director	$0	$0	$0
SEAN MCGINNIS	EXECUTIVE DIRECTOR	40.00	Officer	$170,597	$8,247	$178,844
JIANMING XU	DIRECTOR OF ACCOUNTING AND BUSINESS SERVICES	40.00	Highest	$159,868	$1,057	$160,925
ERIC FREEMAN	DIRECTOR OF RESIDENTIAL SERVICES	40.00	Highest	$100,498	$453	$100,951
NATASHA LANTZ	DIRECTOR OF CLINICAL SERVICES	40.00	Highest	$123,623	$7,471	$131,094

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	$12,241,808	$11,802,257	$11,742,393	$439,551
2024	No data	No data	No data	No data
2023	$12,083,780	$12,147,321	$10,538,524	$-63,541
2022	$10,341,390	$9,946,308	$9,549,646	$395,082
2021	$9,719,871	$9,497,094	$10,472,777	$222,777
2020	$9,491,932	$9,340,251	$9,405,546	$151,681
2019	$9,237,076	$9,233,552	$9,374,102	$3,524
2018	$9,794,107	$9,962,068	$8,389,900	$-167,961