POLYWOGS CHARITIES INC

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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

2013

Legal Domicile

Principal Officer

JEFF PAONESSA

Phone

4106089624

Tax Period

2025-01-01 to 2025-12-31

POLYWOGS CHARITIES INC, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $442K in total revenue in fiscal year 2025. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 25% operating margin.

Mission

TO HOLD FUNDRAISING EVENTS AND SOLICIT CONTIBUTIONS TO FUND GRANTS TO LOCAL 501(C)(3) CHARITABLE ORGANIZATIONS THAT SERVE CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $330,000

THE ORGANIZATION SUPPORTED SIX LOCAL 501(C)(3) CHARITABLE ORGANIZATIONS WITH CONTRIBUTIONS OF 45,000 EACH, AND AOTHER LOCAL 501(C)(3) CHARITABLE ORGANIZATION WITH 60,000.

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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 (2025)

Revenue Breakdown

Contributions & Grants $361,056

Program Service Revenue $0

Investment Income $9,411

Other Revenue $71,201

TOTAL REVENUE $441,668

Expense Breakdown

Grants Paid $330,000

Salaries & Benefits $0

Fundraising Expenses $829

Program Expenses $330,000

Other Expenses $2,379

TOTAL EXPENSES $332,379

Year-over-Year Comparison

	2025	2024	Change
Revenue	$441,668	$308,555	+0.4%
Expenses	$332,379	$241,926	+0.4%
Net Income	$109,289	$66,629	+0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF PAONESSA	PRESIDENT	2.00	Officer Director	$0	$0	$0
PHIL POWELL	IMMED PAST P	2.00	Officer Director	$0	$0	$0
LEE MARTINO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MICHAEL PRICE	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT ROBINSON	SECRETARY	2.00	Officer Director	$0	$0	$0
DREW TOTH	DIRECTOR	1.00	Director	$0	$0	$0
LENNY ENGLANDER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BEGIN	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY MCCLELLAND	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WYCKOFF	DIRECTOR	1.00	Director	$0	$0	$0
JULIUS DAUKAS	DIRECTOR	1.00	Director	$0	$0	$0
TIM FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
DAN SHIPMAN	DIRECTOR	1.00	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	$441,668	$332,379	$230,327	$109,289
2024	No data	No data	No data	No data
2023	$261,797	$210,821	$54,528	$50,976