THE PAULEY FAMILY FOUNDATION

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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

1993

Legal Domicile

Principal Officer

KATHARINE PAULEY HICKOK

Phone

8043307400

Tax Period

2023-01-01 to 2023-12-31

THE PAULEY FAMILY FOUNDATION, founded in 1993, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $57.9M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $50.3M, a strong 87% operating margin.

Mission

THE PAULEY FAMILY FOUNDATION SUPPORTS A BROAD RANGE OF CHARITABLE PURPOSES IN THE RICHMOND REGION, WITH A FOCUS ON EDUCATION, HEALTH, AND HUMAN SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,455,925 Revenue: $0

QUALITY EDUCATION - A HIGH QUALITY EDUCATION OPENS DOORS TO FUTURE OPPORTUNITIES FOR OUR REGION'S CHILDREN AND YOUTH. THE FOUNDATION SUPPORTS ORGANIZATIONS THAT PROVIDE DIRECT EDUCATIONAL...

QUALITY EDUCATION - A HIGH QUALITY EDUCATION OPENS DOORS TO FUTURE OPPORTUNITIES FOR OUR REGION'S CHILDREN AND YOUTH. THE FOUNDATION SUPPORTS ORGANIZATIONS THAT PROVIDE DIRECT EDUCATIONAL OPPORTUNITIES, WRAPAROUND SERVICES, AND ACCESS TO LEARNING OUTSIDE OF SCHOOL HOURS. FUNDED ACTIVITIES INCLUDE: EARLY CHILDHOOD LEARNING; QUALITY OUT-OF-SCHOOL TIME PROGRAMS; ACCESS TO HIGH-QUALITY K-12 EDUCATION FOR LOW-INCOME STUDENTS, INCLUDING FUNDING FOR PRIVATE SCHOOLS; WRAPAROUND SERVICES THAT ENSURE CHILDREN ARE READY TO LEARN; AND POST-SECONDARY OPPORTUNITIES, INCLUDING HIGHER EDUCATION.

Program 2

Expenses: $1,963,190 Revenue: $0

A HEALTHY COMMUNITY - BASIC PHYSICAL HEALTH IS MULTI-FACETED AND PROVIDES THE BUILDING BLOCKS FOR ALL OTHER ASPECTS OF LIFE. THE FOUNDATION SEEKS TO SUPPORT ORGANIZATIONS THAT ENSURE INDIVIDUALS HAVE ACCESS TO THE PHYSICAL HEALTH, BEHAVIORAL HEALTH, FOOD, AND SUPPORTIVE SERVICES THEY NEED. FUNDED ACTIVITIES INCLUDE: PRIMARY HEALTHCARE FOR LOW-INCOME RESIDENTS; MENTAL HEALTHCARE, PARTICULARLY FOR CHILDREN; SUPPORTIVE SERVICES FOR SENIORS; AND ACCESS TO FOOD.

Program 3

Expenses: $1,854,474 Revenue: $0

STABLE, AFFORDABLE HOUSING - AFFORDABLE HOUSING PROVIDES HOUSEHOLD STABILITY AND WEALTH-BUILDING OPPORTUNITIES FOR FAMILIES IN OUR REGION. THE FOUNDATION SUPPORTS ORGANIZATIONS THAT ENSURE LOW-INCOME RESIDENTS CAN ACCESS AND MAINTAIN STABLE HOUSING THAT IS AFFORDABLE FOR THEIR INCOME. FUNDED ACTIVITIES INCLUDE: AFFORDABLE RENTAL HOMES AND APARTMENTS; HOME OWNERSHIP OPPORTUNITIES FOR LOW TO MEDIUM INCOME BUYERS; EVICTION PREVENTION PROGRAMS; AND SERVICES FOR INDIVIDUALS EXPERIENCING HOMELESSNESS.

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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 $57,857,190

Other Revenue $0

TOTAL REVENUE $57,857,190

Expense Breakdown

Grants Paid $6,938,454

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,955,234

Other Expenses $572,422

TOTAL EXPENSES $7,510,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,857,190	$100,675,767	-0.4%
Expenses	$7,510,876	$7,396,838	+0.0%
Net Income	$50,346,314	$93,278,929	-0.5%

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

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
KATHARINE PAULEY HICKOK	CHAIR	5.00	Officer Director	$0	$0	$0
NANCY R BELLEMAN	DIRECTOR	0.50	Director	$0	$0	$0
ADAM E HICKOK	DIRECTOR	0.50	Director	$0	$0	$0
KATHARINE H STARK	DIRECTOR	0.50	Director	$0	$0	$0
FRED TATTERSALL	DIRECTOR	0.50	Director	$0	$0	$0
JANE G WATKINS	DIRECTOR	0.50	Director	$0	$0	$0
JAMES WEINBERG	DIRECTOR	0.50	Director	$0	$0	$0
EUGENE W HICKOK	SECRETARY (NON-VOTING)	0.50	Officer	$0	$0	$0
BRYAN A STARK	TREASURER (NON-VOTING)	0.50	Officer	$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	$57,857,190	$7,510,876	$2,143,804,851	$50,346,314
2022	$100,675,767	$7,396,838	$2,074,230,867	$93,278,929
2021	$1,899,350,410	$25,600,128	$2,022,061,315	$1,873,750,282
2020	$16,158,979	$10,593,453	$141,656,754	$5,565,526
2019	$17,922,196	$7,350,393	$127,013,005	$10,571,803
2018	$4,646,430	$4,587,225	$89,565,625	$59,205