WATERFORD 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

1943

Legal Domicile

Principal Officer

DAVID HUNT

Phone

5408823018

Tax Period

2023-01-01 to 2023-12-31

WATERFORD FOUNDATION INC, founded in 1943, is a small nonprofit in the Arts, Culture & Humanities sector that reported $524K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $671K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PRESERVE THE HISTORIC BUILDINGS AND THE OPEN SPACES OF THE NATIONAL HISTORIC LANDMARK DISTRICT OF WATERFORD, VIRGINIA; AND, THROUGH EDUCATION, TO INCREASE THE PUBLIC'S KNOWLEDGE OF LIFE AND WORK IN AN EARLY AMERICAN RURAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $586,438 Revenue: $370,855

PRESERVATION OF WATERFORD, VIRGINIA - A NATIONAL HISTORIC LANDMARK. IN LINE WITH THE MISSION STATEMENT, THE OBJECTIVE IS TO PRESERVE THE INTEGRITY OF THE NATIONAL HISTORIC LANDMARK DISTRICT OF...

PRESERVATION OF WATERFORD, VIRGINIA - A NATIONAL HISTORIC LANDMARK. IN LINE WITH THE MISSION STATEMENT, THE OBJECTIVE IS TO PRESERVE THE INTEGRITY OF THE NATIONAL HISTORIC LANDMARK DISTRICT OF WATERFORD, VIRGINIA AND, THROUGH EDUCATION, TO INCREASE THE PUBLIC'S KNOWLEDGE OF LIFE AND WORK IN AN EARLY AMERICAN RURAL COMMUNITY.

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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 $145,181

Program Service Revenue $316,761

Investment Income $3,852

Other Revenue $58,395

TOTAL REVENUE $524,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,504

Fundraising Expenses $24,944

Program Expenses $586,438

Other Expenses $435,259

TOTAL EXPENSES $670,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$524,189	$601,935	-0.1%
Expenses	$670,763	$583,096	+0.2%
Net Income	$-146,574	$18,839	-8.8%

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

Volunteers

425

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

$56,073

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN MANCH	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANNIE GOODE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID HUNT	TREASURER	2.00	Officer Director	$0	$0	$0
JANE COVINGTON	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS DOXEY	DIRECTOR	2.00	Director	$0	$0	$0
SHARYN FRANCK	DIRECTOR	2.00	Director	$0	$0	$0
GREY FRANDSEN	DIRECTOR	2.00	Director	$0	$0	$0
KERRY ROSZEL	DIRECTOR	2.00	Director	$0	$0	$0
EMILY HOUSTON	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS WOOD	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE KENYON	DIRECTOR	2.00	Director	$0	$0	$0
ANNA RATHMANN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE CAMPBELL THOMPSON	EXECUTIVE DIRECTOR	20.00	Officer	$56,073	$0	$56,073

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$524,189	$670,763	$5,977,234	$-146,574
2022	$601,935	$583,096	$6,097,604	$18,839
2021	$605,615	$486,993	$6,160,367	$118,622
2020	$344,841	$427,462	$6,222,568	$-82,621
2019	$551,433	$607,504	$6,144,112	$-56,071
2018	$466,017	$589,679	$6,192,003	$-123,662