WETHERINGTON FOUNDATION INC C/O COMMUNITY FOUNDATION OF SARASOTA

EIN: 371472181 501(c)(3) Philanthropy & Grantmaking

SARASOTA, FL

Total Revenue
$466,333
Total Expenses
$266,112
Total Assets
$2,310,904
Net Assets
$2,305,455
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Principal Officer
LELAND D WETHERINGTON
Phone
9419553000
Tax Period
2024-07-01 to 2025-06-30

WETHERINGTON FOUNDATION INC C/O COMMUNITY FOUNDATION OF SARASOTA, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $466K in total revenue in fiscal year 2024. Revenue surged 264% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 43% operating margin.

Mission

TO ENHANCE THE DIGNITY AND QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES BY HELPING PEOPLE REACH THEIR FULL POTENTIAL THROUGH EDUCATION, SKILL TRAINING AND THE POWER OF EMPLOYMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $305,000
Program Service Revenue $0
Investment Income $161,333
Other Revenue $0
TOTAL REVENUE $466,333

Expense Breakdown

Grants Paid $242,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $242,000
Other Expenses $24,112
TOTAL EXPENSES $266,112

Year-over-Year Comparison

2024 2023 Change
Revenue $466,333 $128,033 +2.6%
Expenses $266,112 $121,388 +1.2%
Net Income $200,221 $6,645 +29.1%
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
7

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
5
$675,949
Total Directors
7
$599,507
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOPHIA LARUSSO DIRECTOR 1.00
Director
$0 $0 $0
KIRSTEN RUSSELL DIRECTOR 1.00
Director
$0 $28,244 $192,198
TERRI VITALE DIRECTOR 1.00
Director
$0 $0 $0
LELAND D WETHERINGTON CHAIRMAN 1.00
Officer Director
$0 $0 $0
FRANK STRELEC VICE CHAIR 1.00
Officer Director
$0 $0 $0
CAROLINE WETHERINGTON TREASURER 1.00
Officer Director
$0 $0 $0
ROXANNE G JERDE SECRETARY 1.00
Officer Director
$0 $42,163 $407,309
ERIN JONES CFO 1.00
Officer
$0 $33,325 $268,640
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 $466,333 $266,112 $2,310,904 $200,221
2024 $128,033 $121,388 $1,992,854 $6,645
2023 $61,232 $78,872 $1,815,713 $-17,640
2022 $107,881 $147,058 $1,711,999 $-39,177
2021 $202,793 $95,662 $2,086,498 $107,131
2020 $93,651 $181,921 $1,684,298 $-88,270
2019 $96,025 $123,576 $1,786,748 $-27,551
2018 $255,131 $218,277 $1,745,720 $36,854
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