SIMON W WARDWELL FOUNDATION (EIN 453697597) - 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

2011

Legal Domicile

Principal Officer

ALFRED P DEGEN

Phone

4014439975

Tax Period

2022-01-01 to 2022-12-31

SIMON W WARDWELL FOUNDATION, founded in 2011, is a small nonprofit in the Public Safety sector that reported $811K in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

SUPPORT AND ASSIST PROGRAMS IN THE AREAS OF CENTRAL FALLS, PAWTUCKET, CUMBERLAND, AND LINCOLN, RI.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $829,831

Other Revenue $-19,200

TOTAL REVENUE $810,631

Expense Breakdown

Grants Paid $673,162

Salaries & Benefits $115,568

Fundraising Expenses $0

Program Expenses $882,398

Other Expenses $245,198

TOTAL EXPENSES $1,033,928

Year-over-Year Comparison

	2022	2021	Change
Revenue	$810,631	$1,973,818	-0.6%
Expenses	$1,033,928	$815,896	+0.3%
Net Income	$-223,297	$1,157,922	-1.2%

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

$42,000

Total Directors

$73,568

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN SHERIDAN	EXECUTIVE DIRECTOR	40.00	Director	$45,568	$0	$45,568
JESSICA WATERS	DIRECTOR	5.00	Director	$14,000	$0	$14,000
KATHLEEN OROVITZ	DIRECTOR	5.00	Director	$14,000	$0	$14,000
ALFRED P DEGEN	PRESIDENT & TREASURER	10.00	Officer	$14,000	$0	$14,000
JOHN J PARTRIDGE	VICE PRESIDENT	10.00	Officer	$14,000	$0	$14,000
DAVID E FARNUM	SECRETARY	5.00	Officer	$14,000	$0	$14,000

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
2022	$810,631	$1,033,928	$18,503,416	$-223,297
2022	$810,631	$1,033,928	$18,503,416	$-223,297
2021	$1,973,818	$815,896	$18,723,224	$1,157,922
2020	$18,139,474	$15,661	$18,145,393	$18,123,813

SIMON W WARDWELL FOUNDATION