Core-Mark Families 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

2015

Legal Domicile

Principal Officer

Thomas Perkins

Phone

4155188580

Tax Period

2023-01-01 to 2023-12-31

Core-Mark Families Foundation, founded in 2015, is a small nonprofit in the Education sector that reported $460K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum.

Mission

TO HELP MAKE HIGHER EDUCATION MORE READILY AVAILABLE BY ALLEVIATING THE FINANCIAL BURDEN THAT RISING TUITION IMPOSES ON THOSE PURSUING IT.

Program Service Accomplishments

Program 1

Expenses: $462,932

The organization funded $450,254 in scholarships to young deserving students in 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $460,000

Program Service Revenue $0

Investment Income $278

Other Revenue $0

TOTAL REVENUE $460,278

Expense Breakdown

Grants Paid $450,254

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $462,932

Other Expenses $14,651

TOTAL EXPENSES $464,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$460,278	$251,320	+0.8%
Expenses	$464,905	$232,966	+1.0%
Net Income	$-4,627	$18,354	-1.3%

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
Thomas Perkins	PRESIDENT	2.0	Officer Director	$0	$0	$0
STACY LORETZ-CONGDON	director	2.0	Director	$0	$0	$0
Hans-Joachim WEGENER	SECRETARY	2.0	Officer Director	$0	$0	$0
Christopher Miller	Treasurer	2.0	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	No data	No data	No data	No data
2023	$460,278	$464,905	$52,874	$-4,627
2022	$251,320	$232,966	$57,380	$18,354