SIMPSON 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

2011

Legal Domicile

Principal Officer

CAROL MCKINLEY

Phone

6106600112

Tax Period

2024-01-01 to 2024-12-31

SIMPSON FOUNDATION, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $327K in total revenue in fiscal year 2024. The organization ran a surplus of $241K, a strong 74% operating margin.

Mission

THE FOUNDATION SHALL BE RESPONSIBLE FOR THE OVERALL FUNDRAISING AND PHILANTHROPIC PROGRAMS OF SIMPSON HOUSE, JENNER'S POND, SIMPSON SENIOR SERVICES AND SIMPSON MEADOWS AND ALL OTHER ENTITIES WHICH MAY HEREAFTER BECOME PART OF THE SIMPSON SENIOR SERVICES OBLIGATED GROUP (THE "OBLIGATED GROUP").IN PERFORMING ITS DUTIES, THE FOUNDATION SHALL ACT IN A MANNER WHICH WILL FURTHER A COORDINATED APPROACH TO PROVIDE FUNDRAISING AND PHILANTHROPIC PROGRAMS WHICH BENEFIT ALL OF THE VARIOUS ENTITIES WHICH COMPRISE THE OBLIGATED GROUP. THE ESTABLISHMENT OF ALL FUNDRAISING PROGRAMS, WHETHER FOR ONLY THE FOUNDATION, THE OBLIGATED GROUP OR ANY MEMBER THEREOF, SHALL BE EXCLUSIVELY VESTED IN FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $64,934

SIMPSON FOUNDATION WAS ESTABLISHED TO RECEIVE AND ADMINISTER FUNDS FOR THE SUPPORT OF SIMPSON HOUSE, JENNER'S POND, AND SIMPSON MEADOWS AND ALL OTHER RELATED ORGANIZATIONS OF SIMPSON SENIOR SERVICES.

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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 $315,250

Program Service Revenue $0

Investment Income $11,273

Other Revenue $0

TOTAL REVENUE $326,523

Expense Breakdown

Grants Paid $64,934

Salaries & Benefits $0

Fundraising Expenses $21,005

Program Expenses $64,934

Other Expenses $21,005

TOTAL EXPENSES $85,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$326,523	$317,258	+0.0%
Expenses	$85,939	$346,700	-0.8%
Net Income	$240,584	$-29,442	-9.2%

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

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

$801,200

Total Directors

$431,417

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH E OKENQUIST	CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE GOLLAPALLI	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
RICK HELLBERG	TREASURER	1.00	Officer Director	$0	$0	$0
DALINDA LOVE	SECRETARY	1.00	Officer Director	$0	$0	$0
REV DAVID W BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DIMAGGIO	DIRECTOR	1.00	Director	$0	$0	$0
ALAIN DUROSEAU	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SHARP	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA STANFORD	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MCKINLEY	PRESIDENT/CEO	1.00	Officer Director	$0	$15,859	$431,417
KENNETH FRANIAK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$20,760	$369,783

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	$326,523	$85,939	$497,438	$240,584
2023	$317,258	$346,700	$350,649	$-29,442
2022	$299,373	$13,725	$285,648	$285,648