FRANK AND NANCY PARSONS FOUNDATION INC (EIN 522060233) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Douglas T Parsons

Phone

7035342099

Tax Period

2023-01-01 to 2023-12-31

FRANK AND NANCY PARSONS FOUNDATION INC, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $278K in total revenue in fiscal year 2020. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 51% operating margin.

Mission

Charitable Foundation that makes contributions to other charitable organizations.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $240,275

Program Service Revenue $0

Investment Income $108,092

Other Revenue $0

TOTAL REVENUE $348,367

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,000

Other Expenses $7,235

TOTAL EXPENSES $157,235

Year-over-Year Comparison

	2023	2022	Change
Revenue	$348,367	$96,416	+2.6%
Expenses	$157,235	$173,122	-0.1%
Net Income	$191,132	$-76,706	-3.5%

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

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	Role	Reportable Comp	Other Comp	Total
Douglas T Parsons	Director President Treas	Officer Director	$0	$0	$0
Mary L Parsons	Director Vice President	Officer Director	$0	$0	$0
Philip J Sweeney	Director Secretary	Officer Director	$0	$0	$0
Tonia Wellons	Director	Director	$0	$0	$0
Tiffania Purvis	Director	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	$348,367	$157,235	$3,121,452	$191,132
2022	$96,416	$173,122	$2,930,320	$-76,706
2021	$90,658	$146,781	$3,007,026	$-56,123
2020	$278,487	$136,042	$3,063,149	$142,445

FRANK AND NANCY PARSONS FOUNDATION INC