NASON FOUNDATION

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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

1980

Legal Domicile

Principal Officer

PATTY MCGRAW

Phone

8149446102

Tax Period

2024-07-01 to 2025-06-30

NASON FOUNDATION, founded in 1980, is a small nonprofit that reported $348K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 24% operating margin.

Mission

TO SUPPORT & PROMOTE THE HEALTH AND VITALITY OF OUR LOCAL COMMUNITY THROUGH FINANCIAL SUPPORT AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $117,734 Revenue: $70,621

CONTRIBUTIONS AND GRANTS RELATED TO HEALTH SERVICES MADE TO COMMUNITY ORGANIZATIONS IN THE HEALTH FIELD. GRANTS INCLUDE FUNDS DISTRIBUTED TO SUPPORT COMMUNITY FIRE COMPANIES, EMS AGENCIES, CARE...

CONTRIBUTIONS AND GRANTS RELATED TO HEALTH SERVICES MADE TO COMMUNITY ORGANIZATIONS IN THE HEALTH FIELD. GRANTS INCLUDE FUNDS DISTRIBUTED TO SUPPORT COMMUNITY FIRE COMPANIES, EMS AGENCIES, CARE CENTERS FOR THE ELDERLY, CHURCHES AND SCHOOLS, YMCA'S, COMMUNITY PARKS, COMMUNITY LIBRARIES, HEART ASSOCIATIONS, AND SCHOOL ORGANIZATIONS.

Program 2

Expenses: $68,000

SCHOLARSHIPS RELATED TO HEALTH SERVICES MADE TO INDIVIDUALS IN THE HEALTH FIELD. SCHOLARSHIPS INCLUDE NURSING SCHOLARSHIPS TO COMMUNITY MEMBERS BEING EDUCATED IN THE HEALTH FIELD.

Program 3

Expenses: $2,500

COMMUNITY SERVICE AWARDS

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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 $99,704

Program Service Revenue $0

Investment Income $177,656

Other Revenue $70,621

TOTAL REVENUE $347,981

Expense Breakdown

Grants Paid $179,229

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $188,234

Other Expenses $86,787

TOTAL EXPENSES $266,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,981	$198,575	+0.8%
Expenses	$266,016	$254,680	+0.0%
Net Income	$81,965	$-56,105	-2.5%

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
DOUGLAS E MINGLE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RAYMOND C ASKEY	TREASURER	2.00	Officer Director	$0	$0	$0
PATTY MCGRAW	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BETSY HARMON-GARACH	SECRETARY	1.00	Officer Director	$0	$0	$0
EARL SPRINGER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS STOUDNOUR	DIRECTOR	1.00	Director	$0	$0	$0
CLYDE ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM CHURBOCK	DIRECTOR	1.00	Director	$0	$0	$0
JODI CESSNA	ADMINISTRATIVE DIRECTOR	1.00	Director	$0	$0	$0
ANDREA PAUL	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
SUE BLACK	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BARNHART	DIRECTOR	1.00	Director	$0	$0	$0
JENNY MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY CLAYCOMB	DIRECTOR	1.00	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	$347,981	$266,016	$6,380,139	$81,965
2024	$198,575	$254,680	$6,003,017	$-56,105
2023	$122,554	$242,236	$5,787,523	$-119,682
2022	$418,106	$149,704	$5,728,087	$268,402
2021	$131,407	$169,021	$6,135,245	$-37,614
2020	$138,548	$139,248	$5,798,605	$-700
2019	$160,641	$-389,119	$6,344,956	$549,760