THE STATESMAN 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

2010

Legal Domicile

Principal Officer

DAVID A BELL

Phone

2673463505

Tax Period

2024-01-01 to 2024-12-31

THE STATESMAN FOUNDATION INC, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $324K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE SUPPORT FOR CHARITIES, EDUCATION, ARTS, AND SCIENCE.

Program Service Accomplishments

Program 1

Expenses: $312,876 Revenue: $174,960

DURING 2024, THE STATESMAN FOUNDATION HELD ITS ANNUAL STATESMAN DINNER FOR INSURANCE PROFESSIONALS AT GOTHAM HALL IN NYC, THE PROCEEDS OF WHICH WERE CONTRIBUTED TO 19 CHARITIES IN THE UNITED STATES.

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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 $149,040

Program Service Revenue $174,960

Investment Income $0

Other Revenue $0

TOTAL REVENUE $324,000

Expense Breakdown

Grants Paid $140,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $312,876

Other Expenses $178,483

TOTAL EXPENSES $318,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,000	$294,000	+0.1%
Expenses	$318,483	$295,365	+0.1%
Net Income	$5,517	$-1,365	-5.0%

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
DAVID BELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
CLARE MCCARRICK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SARTAIN	DIRECTOR	1.00	Director	$0	$0	$0
ALEX MURALES	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
2024	$324,000	$318,483	$63,430	$5,517
2023	$294,000	$295,365	$24,913	$-1,365
2022	$258,000	$238,361	$44,278	$19,639
2021	$12,000	$26,336	$24,639	$-14,336
2020	$259,200	$235,056	$38,975	$24,144
2019	$222,000	$239,458	$14,831	$-17,458
2018	$106,482	$104,328	$32,289	$2,154