THE IWFS FOUNDATION INC

EIN: 521645260 501(c)(3) Food, Agriculture & Nutrition

BEDMINSTER, NJ

Total Revenue
$67,390
Total Expenses
$103,302
Total Assets
$718,603
Net Assets
$639,786
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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
1988
Legal Domicile
DE
Phone
7134100211
Tax Period
2023-10-01 to 2024-09-30

THE IWFS FOUNDATION INC, founded in 1988, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $67K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 53% operating deficit.

Mission

FUNDING OF SCHOLARSHIPS FOR THE STUDY OF THE CULINARY ARTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $42,914
Program Service Revenue $0
Investment Income $24,476
Other Revenue $0
TOTAL REVENUE $67,390

Expense Breakdown

Grants Paid $99,860
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,860
Other Expenses $3,442
TOTAL EXPENSES $103,302

Year-over-Year Comparison

2023 2022 Change
Revenue $67,390 $84,287 -0.2%
Expenses $103,302 $70,777 +0.5%
Net Income $-35,912 $13,510 -3.7%
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
5
Independent Members
N/A
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW JONES Director 2.00
Officer Director
$0 $0 $0
JAMES STORFER Treasurer 2.00
Officer Director
$0 $0 $0
CHERYL KENNY Director 1.00
Director
$0 $0 $0
ARNIE REITER Secretary 1.00
Officer Director
$0 $0 $0
TOM WIEDRICH 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
2024 $67,390 $103,302 $718,603 $-35,912
2023 $84,287 $70,777 $572,522 $13,510
2022 $93,914 $46,588 $524,758 $47,326
2021 $62,623 $23,083 $622,974 $39,540
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