CLARENDON FOUNDATION (EIN 330452749) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

D MANILAL FERNANDO

Phone

5624024700

Tax Period

2024-01-01 to 2024-12-31

CLARENDON FOUNDATION, founded in 1989, is a small nonprofit that reported $286K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $56K, a strong 19% operating margin.

Mission

TO HELP THE POOR AND THE UNDERPRIVILEGED IN SRI LANKA, ESPECIALLY THE CHILDREN, THROUGH OUR FINANCIAL ASSISTANCE; AND TO RAISE FUNDS IN THE UNITED STATES AND ELSEWHERE TO BE ABLE TO DO SO.

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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 $276,022

Program Service Revenue $0

Investment Income $11,450

Other Revenue $-1,363

TOTAL REVENUE $286,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,346

Other Expenses $230,386

TOTAL EXPENSES $230,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,109	$307,302	-0.1%
Expenses	$230,386	$293,305	-0.2%
Net Income	$55,723	$13,997	+3.0%

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
D MANILAL FERNANDO	President/Treas	25.00	Officer Director	$0	$0	$0
CHERENE FERNANDO	Secretary	10.00	Officer Director	$0	$0	$0
KUSHAN KURUKULASURIYA	Director	0.10	Director	$0	$0	$0
VALERIE COORAY	Director	0.50	Director	$0	$0	$0
AMILA SILVA	Director	0.10	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	$286,109	$230,386	$467,170	$55,723
2023	$307,302	$293,305	$409,349	$13,997
2022	$319,461	$278,312	$395,352	$41,149
2021	$353,939	$387,917	$354,203	$-33,978
2020	$274,107	$184,732	$388,181	$89,375
2019	$177,014	$176,524	$298,806	$490
2018	$195,708	$197,915	$298,316	$-2,207

CLARENDON FOUNDATION