THE IWFS FOUNDATION 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

1988

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $99,860

Made Scholarship Grants for Qualified Students in the Fields of Oenology, Viticulture and 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%)

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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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