CLIPPER 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

2009

Legal Domicile

Principal Officer

TIMOTHY DRISCOLL

Phone

6034932423

Tax Period

2025-01-01 to 2025-12-31

CLIPPER FOUNDATION, founded in 2009, is a micro nonprofit in the Education sector that reported $53K in total revenue in fiscal year 2025. The organization ran a surplus of $52K, a strong 98% operating margin.

Mission

TO SUPPORT UNIQUE LEARNING OPPORTUNITIES AND PROMOTE INNOVATIVE TEACHING AND PROFESSIONAL DEVELOPMENT WITHIN THE SCHOOL SYSTEMS OF PORTSMOUTH, NEW HAMPSHIRE AND SURROUNDING SCHOOL SYSTEMS.

Program Service Accomplishments

Program 1

Expenses: $829

TO PROVIDE FUNDING FOR MULTIPLE GRANTS TO VARIOUS SEACOAST SCHOOLS. GRANTS ARE PROVIDED TO RECIPIENTS TO EXPLORE NEW TEACHING PRACTICES, FOSTER INNOVATION, ENABLE STUDENT GROWTH, AND ACHEIVE THE...

TO PROVIDE FUNDING FOR MULTIPLE GRANTS TO VARIOUS SEACOAST SCHOOLS. GRANTS ARE PROVIDED TO RECIPIENTS TO EXPLORE NEW TEACHING PRACTICES, FOSTER INNOVATION, ENABLE STUDENT GROWTH, AND ACHEIVE THE GOALS SET WITHIN THE SCHOOL DISTICT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $10,499

Program Service Revenue $0

Investment Income $42,094

Other Revenue $0

TOTAL REVENUE $52,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $829

Other Expenses $829

TOTAL EXPENSES $829

Year-over-Year Comparison

	2025	2024	Change
Revenue	$52,593	$48,739	+0.1%
Expenses	$829	$1,077	-0.2%
Net Income	$51,764	$47,662	+0.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNDA SCHMIDT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA BLASKO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM DRISCOLL	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID A SPLAINE	SECRETARY	1.00	Officer Director	$0	$0	$0
STU LEVENSON	VICE PRESIDENT	1.00	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
2025	$52,593	$829	$1,976,445	$51,764
2024	$48,739	$1,077	$1,677,716	$47,662
2023	$53,173	$7,476	$1,481,910	$45,697
2022	$28,277	$9,514	$1,261,027	$18,763
2021	$31,586	$8,051	$1,501,644	$23,535
2020	$36,410	$43,461	$1,295,549	$-7,051
2019	$59,598	$3,176	$1,190,484	$56,422
2018	$78,327	$2,169	$952,771	$76,158