THE WERTHING FOUNDATION

EIN: 465662476 501(c)(3) Community Improvement

Prosper, TX

Total Revenue
$26,391
Total Expenses
$40,968
Total Assets
$47,460
Net Assets
$46,670
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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
2017
Legal Domicile
TX
Principal Officer
GLORIA WERTHING REYNOLDS
Phone
2146363343
Tax Period
2022-01-01 to 2022-12-31

THE WERTHING FOUNDATION, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $26K in total revenue in fiscal year 2022. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 55% operating deficit.

Mission

To enhance and engage young people through a pro-active life skills approach

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $26,391
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $26,391

Expense Breakdown

Grants Paid $11,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,968
Other Expenses $29,718
TOTAL EXPENSES $40,968

Year-over-Year Comparison

2022 2021 Change
Revenue $26,391 $55,367 -0.5%
Expenses $40,968 $34,199 +0.2%
Net Income $-14,577 $21,168 -1.7%
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

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Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLORIA WERTHING REYNOLDS DIRECTOR 055.00
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
2022 $26,391 $40,968 $47,460 $-14,577
2021 $55,367 $34,199 $34,767 $21,168
2020 $30,110 $37,261 $13,599 $-7,151
2019 $78,200 $57,450 $20,750 $20,750
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