THE WARD OAKS FOUNDATION INC (EIN 522252149) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

MICHAEL FALCONE

Phone

4103363779

Tax Period

2023-01-01 to 2023-12-31

THE WARD OAKS FOUNDATION INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $116K in total revenue in fiscal year 2023. Revenue surged 403% from the prior year, signaling strong growth momentum. Expenses of $499K exceeded revenue, resulting in a 330% operating deficit.

Mission

TO SUPPORT AFFORDABLE HOUSING, THE ENVIRONMENT AND RENEWABLE ENERGY, AND OTHER CHARITABLE PURPOSES.

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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 $0

Program Service Revenue $0

Investment Income $115,973

Other Revenue $0

TOTAL REVENUE $115,973

Expense Breakdown

Grants Paid $282,976

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $422,904

Other Expenses $216,139

TOTAL EXPENSES $499,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,973	$23,070	+4.0%
Expenses	$499,115	$260,147	+0.9%
Net Income	$-383,142	$-237,077	+0.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARYL JONES	CHAIRMAN	0.10	Director	$0	$0	$0
MICHAEL FALCONE	EXECUTIVE DIRECTOR	0.50	Officer Director	$0	$0	$0
JAMES MITCHELL	DIRECTOR	0.10	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	$115,973	$499,115	$4,224,002	$-383,142
2022	$23,070	$260,147	$4,633,553	$-237,077
2021	$104,977	$564,015	$4,872,666	$-459,038
2020	$3,540,432	$550,996	$5,439,081	$2,989,436
2019	$3,213,074	$1,680,793	$2,350,065	$1,532,281
2018	$167,728	$260,900	$1,040,121	$-93,172

THE WARD OAKS FOUNDATION INC