WASHINGTON ISLAND FOUNDATION INC (EIN 391568796) - 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

1986

Legal Domicile

Principal Officer

CAROLYN FOSS

Phone

9208472814

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON ISLAND FOUNDATION INC, founded in 1986, is a small nonprofit in the Human Services sector that reported $131K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 44% operating margin.

Mission

TO ASSIST THE TOWN OF WASHINGTON'S RECREATION CENTER OPERATIONS AND PROVIDING OF 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 (2024)

Revenue Breakdown

Contributions & Grants $70,529

Program Service Revenue $5,860

Investment Income $50,447

Other Revenue $3,708

TOTAL REVENUE $130,544

Expense Breakdown

Grants Paid $33,906

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,507

Other Expenses $39,702

TOTAL EXPENSES $73,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,544	$71,319	+0.8%
Expenses	$73,608	$122,180	-0.4%
Net Income	$56,936	$-50,861	-2.1%

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

Governance

Voting Members

Independent Members

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
CAROLYN FOSS	PRESIDENT/TR	10.00	Officer Director	$0	$0	$0
ROBERT HERBST	DIRECTOR	0.25	Director	$0	$0	$0
HELENE MEYER	DIRECTOR	0.50	Director	$0	$0	$0
BETSY MORGAN	DIRECTOR	0.25	Director	$0	$0	$0
HOYT PURINTON	DIRECTOR	0.25	Director	$0	$0	$0
DAN WESTBROOK	VICE PRESIDE	0.50	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	$130,544	$73,608	$965,264	$56,936
2023	$71,319	$122,180	$898,971	$-50,861
2022	$208,468	$124,569	$866,217	$83,899
2021	$122,412	$57,103	$892,646	$65,309
2020	$81,574	$19,393	$804,705	$62,181
2019	$363,839	$270,773	$742,524	$93,066
2018	$317,323	$259,966	$600,620	$57,357

WASHINGTON ISLAND FOUNDATION INC