NPT CHARITABLE ASSET TRUST

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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

Principal Officer

CHRISTINA HACK

Phone

2152773010

Tax Period

2023-07-01 to 2024-06-30

NPT CHARITABLE ASSET TRUST, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $927K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 52% operating deficit.

Mission

THE MISSION OF THE NPT CHARITABLE ASSET TRUST IS TO PROVIDE SUPPORT FOR HEALTH, HUMAN SERVICES, PUBLIC SOCIETAL BENEFIT, CULTURE & ARTS, AND EDUCATIONAL PURPOSES IN FURTHERANCE OF THE MISSION OF NATIONAL PHILANTHROPIC TRUST (NPT). THE NPT CHARITABLE ASSET (SEE SCHEDULE O) TRUST IS A SUPPORTING ORGANIZATION TO NPT, AN INDEPENDENT, NATIONALLY-RECOGNIZED PUBLIC CHARITY WITH A MISSION TO INCREASE PHILANTHROPY IN SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $781,416 Revenue: $76,608

NPT CHARITABLE ASSET TRUST PROVIDED GRANTS TOTALING $696,808 TO PROVIDE CHARITABLE SUPPORT PRIMARILY IN AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, CULTURE AND ARTS, AND PUBLIC SOCIETAL BENEFIT ALL...

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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 $18,000

Program Service Revenue $0

Investment Income $832,060

Other Revenue $76,608

TOTAL REVENUE $926,668

Expense Breakdown

Grants Paid $696,808

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $781,416

Other Expenses $712,395

TOTAL EXPENSES $1,409,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$926,668	$7,435,223	-0.9%
Expenses	$1,409,203	$11,991,986	-0.9%
Net Income	$-482,535	$-4,556,763	-0.9%

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

$2,068,022

Total Directors

$939,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN R HEISMAN	TRUSTEE, PRESIDENT	3.00	Officer Director	$0	$44,325	$939,995
JEFFREY ARMBRISTER	TRUSTEE (AS OF 10/31/23)	1.00	Director	$0	$0	$0
JORAM BORENSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
ANN DUGAN	TRUSTEE	1.00	Director	$0	$0	$0
CONNIE COLLINGSWORTH	TRUSTEE (AS OF 10/31/23)	1.00	Director	$0	$0	$0
JULIUS GREEN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
DIRK JUNGE	TRUSTEE	1.00	Director	$0	$0	$0
LINDY MORENO	TRUSTEE (AS OF 10/31/23)	1.00	Director	$0	$0	$0
LINDA MYERS	TRUSTEE	1.00	Director	$0	$0	$0
LISA PATTIS	TRUSTEE	1.00	Director	$0	$0	$0
ERIC REEVES	TRUSTEE	1.00	Director	$0	$0	$0
DIANA SANDS	TRUSTEE	1.00	Director	$0	$0	$0
PAUL SCHREIBER	TRUSTEE	1.00	Director	$0	$0	$0
MANISH SHAH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WEZDENKO	TRUSTEE	1.00	Director	$0	$0	$0
KELLY WILLIAMS	TRUSTEE (THRU 2/28/24)	1.00	Director	$0	$0	$0
SUZANNE YOON	TRUSTEE, CHAIR	1.00	Officer Director	$0	$0	$0
ANDREA RUSH	ASST. SECRETARY	3.00	Officer	$0	$44,426	$280,983
DEBRA FALK	SECRETARY	3.00	Officer	$0	$39,858	$266,345
JEREMY SCHWARTZ	ASST. TREASURER	3.00	Officer	$0	$41,690	$235,484
ANDREA KATZ	ASST. TREASURER (THRU 6/25/24)	3.00	Officer	$0	$35,924	$175,405
QUINN ROWAN	ASST. SECRETARY	3.00	Officer	$0	$32,537	$119,249
CHRISTINA HACK	TREASURER (AS OF 11/1/23)	3.00	Officer	$0	$2,111	$50,561
ELLEN M MCGUINN FORMER	TREASURER THRU 06/23/23	0.00		$0	$24,054	$261,549

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	No data	No data	No data	No data
2024	$926,668	$1,409,203	$17,405,601	$-482,535
2023	$7,435,223	$11,991,986	$17,210,516	$-4,556,763
2022	$6,992,677	$6,524,919	$21,312,815	$467,758
2021	$18,345,009	$14,158,471	$22,535,483	$4,186,538
2020	$30,273,580	$17,955,742	$16,456,984	$12,317,838
2019	$13,974,571	$14,522,050	$5,893,559	$-547,479
2018	$82,439	$846,776	$9,787,563	$-764,337