UNION COUNTY FOUNDATION INC (EIN 351769294) - 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

RICHARD WORCESTER

Phone

7654587664

Tax Period

2023-01-01 to 2023-12-31

UNION COUNTY FOUNDATION INC, founded in 1989, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 6% surplus.

Mission

TO ASSIST DONORS IN BUILDING AND PRESERVING PERPETUAL CHARITABLE FUNDS; TO MEET THE CHANGING NEEDS OF OUR COMMUNITY AND TO ENRICH THE QUALITY OF LIFE FOR THE RESIDENTS OF UNION COUNTY.

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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 $599,030

Program Service Revenue $164,332

Investment Income $451,509

Other Revenue $326

TOTAL REVENUE $1,215,197

Expense Breakdown

Grants Paid $738,075

Salaries & Benefits $108,417

Fundraising Expenses $53,281

Program Expenses $1,004,129

Other Expenses $301,016

TOTAL EXPENSES $1,147,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,215,197	$913,355	+0.3%
Expenses	$1,147,508	$669,226	+0.7%
Net Income	$67,689	$244,129	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD WORCESTER	PRESIDENT	3.00	Officer Director	$0	$0	$0
AARON WELTY	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
REBECKA SAYNE-MEYER	SECRETARY	2.00	Officer Director	$0	$0	$0
TED SANFORD	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA ELDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
AMY TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
GENA HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SWEET	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA CHEWNING	EXECUTIVE DI	40.00	Officer	$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	$1,215,197	$1,147,508	$11,084,351	$67,689
2022	$913,355	$669,226	$10,205,517	$244,129
2021	$1,244,252	$606,879	$11,670,446	$637,373
2020	$935,977	$527,330	$10,371,303	$408,647
2019	$1,039,928	$776,096	$9,584,714	$263,832
2018	$960,370	$529,256	$8,479,115	$431,114

UNION COUNTY FOUNDATION INC