NEMA FOUNDATION INC

EIN: 274357830 501(c)(3) Philanthropy & Grantmaking

SARASOTA, FL

Total Revenue
$22,374,951
Total Expenses
$26,451,661
Total Assets
$30,390,457
Net Assets
$30,388,458
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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
2011
Legal Domicile
GA
Principal Officer
CHERYL GREEN
Phone
7067546884
Tax Period
2023-01-01 to 2023-12-31

NEMA FOUNDATION INC, founded in 2011, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $22.4M in total revenue in fiscal year 2023. Expenses of $26.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVISIONBRIDGE EXISTS TO PROVIDE AN EASY, TAX-EFFICIENT WAY FOR INDIVIDUALS, FAMILIES AND ORGANIZATIONS TO GIVE CHARITABLY TO ORGANIZATIONS THAT PROVIDE CARE FOR THOSE IN NEED. DIFFICULT TIMES, RISING MEDICAL COSTS, NATURAL DISASTERS, AND OTHER PROBLEMS HAVE LEFT MORE AND MORE FAMILIES IN NEED OF FINANCIAL ASSISTANCE AND MORE FAMILIES AND ORGANIZATIONS WANTING TO HELP. RECOGNIZING THESE NEEDS LED A TEAM OF DEDICATED LEADERS IN THE NONPROFIT COMMUNITY TO START PROVISION BRIDGE. IN 2011, PROVISIONBRIDGE RECEIVED ITS DETERMINATION LETTER FROM THE IRS AS A 501-C3 ORGANIZATION, WITH THE GOAL OF HELPING MORE PEOPLE GIVE TO MEET THE NEEDS IN THEIR COMMUNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,689,732
Program Service Revenue $0
Investment Income $685,219
Other Revenue $0
TOTAL REVENUE $22,374,951

Expense Breakdown

Grants Paid $26,048,458
Salaries & Benefits $211,003
Fundraising Expenses $0
Program Expenses $26,378,143
Other Expenses $192,200
TOTAL EXPENSES $26,451,661

Year-over-Year Comparison

2023 2022 Change
Revenue $22,374,951 $22,559,102 0.0%
Expenses $26,451,661 $28,947,826 -0.1%
Net Income $-4,076,710 $-6,388,724 -0.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
4
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
2
$54,685
Total Directors
5
$53,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY WHITLOCK SECRETARY 40.00
Officer
$54,685 $0 $54,685
CHERYL GREEN EXEC. DIR./P 40.00
Director
$53,500 $0 $53,500
DAVID MICHAEL FRANKLIN DIRECTOR N/A
Director
$0 $0 $0
BRITTANY GREEN DIRECTOR N/A
Director
$0 $0 $0
TERRY PARKER DIRECTOR N/A
Director
$0 $0 $0
JEFF WHITLOCK DIRECTOR N/A
Director
$0 $0 $0
SCOTT MERRITT TREASURER N/A
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
2024 No data No data No data No data
2023 $22,374,951 $26,451,661 $30,390,457 $-4,076,710
2022 $22,559,102 $28,947,826 $33,716,025 $-6,388,724
2021 $61,480,995 $44,480,279 $40,863,488 $17,000,716
2020 $21,383,446 $9,802,898 $23,883,894 $11,580,548
2019 $9,519,216 $5,217,911 $12,461,125 $4,301,305
2018 $7,327,461 $5,195,796 $8,214,112 $2,131,665
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