The Fairway Foundation

EIN: 274602866 501(c)(3)

Wood River Junction, RI

Total Revenue
$25,108
Total Expenses
$62,613
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
RI
Phone
8603054251
Tax Period
2019-01-01 to 2019-12-31

The Fairway Foundation, founded in 2011, is a micro nonprofit that reported $25K in total revenue in fiscal year 2019. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $63K exceeded revenue, resulting in a 149% operating deficit.

Mission

To assist parents and caregivers by providing a means for individuals with special needs, up to the age of 26, to enrich their daily living. To make non-cash gifts to, and otherwise assist, children (and their families) within the State of RI who suffer from life threatening or very serious diseases, injuries or other maladies.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $25,108
TOTAL REVENUE $25,108

Expense Breakdown

Grants Paid $53,365
Salaries & Benefits $0
Fundraising Expenses $991
Program Expenses $58,762
Other Expenses $9,248
TOTAL EXPENSES $62,613

Year-over-Year Comparison

2019 2018 Change
Revenue $25,108 $14,532 +0.7%
Expenses $62,613 $56,451 +0.1%
Net Income $-37,505 $-41,919 -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

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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Salvatore J Augeri Jr President 3.00
Officer Director
$0 $0 $0
Scott Findeisen Director 1.00
Director
$0 $0 $0
Matthew H Thomsen Director 1.00
Director
$0 $0 $0
Stephen McCumiskey Director 1.00
Director
$0 $0 $0
Eric Dauphinais Vice President 1.00
Officer Director
$0 $0 $0
Chelsea Brayman Secretary 1.00
Officer Director
$0 $0 $0
Laurie Capizzano Treasurer 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
2019 $25,108 $62,613 No data $-37,505
2018 $14,532 $56,451 $37,505 $-41,919
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