W&S CHARITABLE 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

2007

Legal Domicile

Principal Officer

WARREN D HAYNES

Tax Period

2023-01-01 to 2023-12-31

W&S CHARITABLE FOUNDATION INC, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $248K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

DECEMBER BENEFIT CONCERT TO SUPPORT HABITAT FOR HUMANITY AND OTHER CHARITABLE ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $230,000 Revenue: $248,377

THE FOUNDATION PLANNED AND ARRANGED A CHRISTMAS BENEFIT CONCERT IN DECEMBER 2023.PROCEEDS FROM THE CONCERT ARE DESIGNATED FOR HABITAT FOR HUMANITY AND BELOVED ASHEVILLE.THE CONCERT IS AN ANNUAL EVENT AND MUSICIANS DONATE THEIR TIME TO PERFORM.TICKET SALES AND DONATIONS RECEIVED BENEFIT HABITAT AND OTHER CHARITIES.

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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 $167,175

Program Service Revenue $0

Investment Income $56,323

Other Revenue $24,879

TOTAL REVENUE $248,377

Expense Breakdown

Grants Paid $230,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,000

Other Expenses $16,006

TOTAL EXPENSES $246,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,377	$294,956	-0.2%
Expenses	$246,006	$297,958	-0.2%
Net Income	$2,371	$-3,002	-1.8%

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
MURRAY RICHMAN	TREASURER	11.00	Officer	$0	$0	$0
STEFANI K SCAMARDO	SECRETARY	10.00	Officer	$0	$0	$0
WARREN D HAYNES	PRESIDENT	10.00	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
2023	$248,377	$246,006	$803,139	$2,371
2022	$294,956	$297,958	$933,768	$-3,002
2021	$-17,017	$485	$438,481	$-17,502
2020	$-40,208	$7,615	$462,348	$-47,823
2019	$7,042	$18,872	$513,020	$-11,830
2018	$497,566	$422,829	$1,085,929	$74,737