MIDDLETOWN COMMUNITY 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

1976

Legal Domicile

Principal Officer

SARAH NATHAN

Phone

5134247369

Tax Period

2023-01-01 to 2023-12-31

MIDDLETOWN COMMUNITY FOUNDATION, founded in 1976, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO SECURE PERMANENT AND GROWING ASSETS FOR THE AREA'S CHANGING NEEDS.

Program Service Accomplishments

Program 1

Expenses: $1,772,014 Revenue: $66,594

RECEIVE, MANAGE AND DISTRIBUTE CHARITABLE GIFTS ON BEHALF OF DONORS TO SUPPORT LOCAL CHARITIES; SUPPORT COMMUNITY PROGRAMS AND PROJECTS WITH CHARITABLE GRANTS; TEACH PHILANTROPHY TO TEENAGE MEMBERS...

Program 2

Expenses: $365,821 Revenue: $13,555

AWARD SCHOLARSHIPS AND ACADEMIC AWARDS TO HIGH SCHOOL STUDENTS AND ADULTS RETURNING TO COLLEGE. THE ORGANIZATION GRANTED 257 SCHOLARSHIPS.

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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 $597,296

Program Service Revenue $80,149

Investment Income $1,515,196

Other Revenue $4,103

TOTAL REVENUE $2,196,744

Expense Breakdown

Grants Paid $2,047,840

Salaries & Benefits $299,444

Fundraising Expenses $105,048

Program Expenses $2,137,835

Other Expenses $343,109

TOTAL EXPENSES $2,690,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,196,744	$2,185,120	+0.0%
Expenses	$2,690,393	$2,925,632	-0.1%
Net Income	$-493,649	$-740,512	-0.3%

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

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

$144,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH NATHAN	EXECUTIVE DI	40.00	Officer	$138,163	$6,500	$144,663
KING AMY	TREASURER	1.00	Officer Director	$0	$0	$0
ERHART ANGELA	TRUSTEE	1.00	Director	$0	$0	$0
BROCKMAN BETH	TRUSTEE	1.00	Director	$0	$0	$0
EVANS CATHERINE	TRUSTEE	1.00	Director	$0	$0	$0
ROMANS KATHLEEN DOBROZSI	TRUSTEE	1.00	Director	$0	$0	$0
HURLEY DUSTIN	CHAIR	1.00	Officer Director	$0	$0	$0
YAUCH ELIZABETH	TRUSTEE	1.00	Director	$0	$0	$0
DEBIASI FRED	TRUSTEE	1.00	Director	$0	$0	$0
BURTON JAKE	TRUSTEE	1.00	Director	$0	$0	$0
ZOLLETT JARED	TRUSTEE	1.00	Director	$0	$0	$0
GRAFT JON	TRUSTEE	1.00	Director	$0	$0	$0
WOURMS KATHLEEN	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLS MARCOS	TRUSTEE	1.00	Director	$0	$0	$0
CASEY MOIRA	TRUSTEE	1.00	Director	$0	$0	$0
COHEN NEIL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EDWARDS PATRICK	TRUSTEE	1.00	Director	$0	$0	$0
MILLER SHANE	TRUSTEE	1.00	Director	$0	$0	$0
HIGHTOWER STEPHEN	TRUSTEE	1.00	Director	$0	$0	$0
STEWART VERLENA	SECRETARY	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
2024	No data	No data	No data	No data
2023	$2,196,744	$2,690,393	$40,685,800	$-493,649
2022	$2,185,120	$2,925,632	$38,749,593	$-740,512
2021	$4,261,790	$2,878,400	$46,854,450	$1,383,390
2020	$2,550,993	$2,440,857	$40,294,981	$110,136
2019	$4,594,123	$3,142,408	$37,435,439	$1,451,715
2018	$3,913,753	$2,812,566	$30,171,127	$1,101,187