BEDFORD 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

2005

Legal Domicile

Principal Officer

LINDA TORBETT

Phone

7348541722

Tax Period

2024-04-01 to 2025-03-31

BEDFORD COMMUNITY FOUNDATION, founded in 2005, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $60K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $96K exceeded revenue, resulting in a 61% operating deficit.

Mission

CREATE ENDOWMENTS TO ENABLE CITIZENS OF THE BEDFORD AREA TO IMPROVE SITUATIONS INCLUDING SOCIAL,CULTURAL, ECONOMICS, EDUCATION AND ENVIRONMENTAL QUALITY OF LIFE

Program Service Accomplishments

Program 1

Expenses: $54,451

ADMINISTERED 62 COLLEGE SCHOLARSHIPS, 12 MEDICAL AID GRANTS, THREE

Program 2

Expenses: $1,425

FUNDRAISING FEES

Program 3

Expenses: $40,348

OFFICE EXPENSES

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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 $42,135

Program Service Revenue $0

Investment Income $17,480

Other Revenue $0

TOTAL REVENUE $59,615

Expense Breakdown

Grants Paid $54,451

Salaries & Benefits $0

Fundraising Expenses $1,425

Program Expenses $96,224

Other Expenses $41,773

TOTAL EXPENSES $96,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,615	$99,250	-0.4%
Expenses	$96,224	$105,318	-0.1%
Net Income	$-36,609	$-6,068	+5.0%

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

N/A

Employees

N/A

Volunteers

N/A

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
LINDA TORBET	PRESIDENT	2	Officer Director	$0	$0	$0
DEBRA SHINKLE	VICE PRESIDENT	1	Officer Director	$0	$0	$0
LES MARSH	TREASURER	1	Officer Director	$0	$0	$0
MARYANN MCBEE	SECRETARY	1	Officer Director	$0	$0	$0
L BATES-JONES	TRUSTEE	1	Director	$0	$0	$0
SHARON THROM	TRUSTEE	1	Director	$0	$0	$0
TARA FRALEY	TRUSTEE	1	Director	$0	$0	$0
GREG BRESCOTT	TRUSTEE	1	Director	$0	$0	$0
J WAIDELICH-RO	TRUSTEE	1	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
2025	$59,615	$96,224	$1,573,438	$-36,609
2024	$99,250	$105,318	$1,563,525	$-6,068
2023	$57,789	$102,047	$1,339,169	$-44,258
2022	$144,291	$104,177	$1,412,973	$40,114
2021	$27,532	$67,577	$1,288,047	$-40,045
2020	$52,984	$84,528	$1,015,457	$-31,544
2019	$120,903	$80,084	$1,160,167	$40,819
2018	$172,405	$87,490	$1,119,328	$84,915