ANCOR 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

2000

Legal Domicile

Principal Officer

BARBARA MERRILL

Phone

7035357850

Tax Period

2023-01-01 to 2023-12-31

ANCOR FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $110K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $131K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE ANCOR FOUNDATION MISSION IS TO RECOGNIZE CURRENT AND PAST LEADERS AND TO DEVELOP FUTURE LEADERS THROUGH DYNAMIC EDUCATION AND INNOVATIVE PRACTICES TO STRENGTHEN INCLUSIVE COMMUNITIES FOR PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $45,888 Revenue: $0

HONORING OUR LEADERS: IN 2023, THE ANCOR FOUNDATION OFFERED TWO SIGNATURE AWARDS PROGRAMS, BOTH OF WHICH ARE DESIGNED TO CELEBRATE THE LEADERS COMMITTED TO TRULY INCLUSIVE COMMUNITIES. THREE NEW...

HONORING OUR LEADERS: IN 2023, THE ANCOR FOUNDATION OFFERED TWO SIGNATURE AWARDS PROGRAMS, BOTH OF WHICH ARE DESIGNED TO CELEBRATE THE LEADERS COMMITTED TO TRULY INCLUSIVE COMMUNITIES. THREE NEW LEADERS WERE INDUCTED INTO THE FOUNDATION'S LEGACY LEADERS CIRCLE IN 2023, WHICH RECOGNIZES AND CELEBRATES THE ACCOMPLISHMENTS OF LONG-TIME ANCOR MEMBERS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE ASSOCIATION DURING THEIR TENURE AS A MEMBER. THE FOUNDATION ALSO RECOGNIZED THE RECIPIENT OF THE 2023 COMMUNITY BUILDER AWARD, WHICH HONORS THE COMMUNITY PARTNER THAT, ALTHOUGH NOT A DIRECT SERVICE PROVIDER, HAS BEEN AN ALLY TO PROVIDERS IN THEIR COMMUNITIES IN THEIR QUEST TO SUPPORT PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO LIVE A LIFE OF THEIR CHOOSING. NOTE: UP UNTIL 2023, THE LEGACY LEADER WAS A RESTRICTED FUND USED TO SUPPORT LEADERSHIP DEVELOPMENT INITIATIVES, LIKE THE LEADERSHIP ACADEMY. BEGINNING IN 2024, THE LEADERSHIP ACADEMY AND OTHER LEADERSHIP DEVELOPMENT OFFERINGS WILL BE FUNDED THROUGH THE FOUNDATION'S NORMAL OPERATING BUDGET.

Program 2

Expenses: $1,216 Revenue: $42,438

BUILDING NEXT-GENERATION LEADERS: THE ANCOR FOUNDATION'S LEADERSHIP INITIATIVES ARE FOCUSED ON DEVELOPING THE NEXT GENERATION OF I/DD PROFESSIONALS. IN 2023, THE FOUNDATION WELCOMED THE LEADERSHIP...

BUILDING NEXT-GENERATION LEADERS: THE ANCOR FOUNDATION'S LEADERSHIP INITIATIVES ARE FOCUSED ON DEVELOPING THE NEXT GENERATION OF I/DD PROFESSIONALS. IN 2023, THE FOUNDATION WELCOMED THE LEADERSHIP ACADEMY CLASS OF 2025, THE NEWEST COHORT IN THIS TWO-YEAR LEADERSHIP SKILLS DEVELOPMENT INITIATIVE THAT OFFERS PARTICIPANTS A 360-DEGREE VIEW OF WHAT IT TAKES TO LEAD A PROVIDER ORGANIZATION. THE FOUNDATION ALSO HOSTED ITS ANNUAL RENEE L. PIETRANGELO LEADERSHIP FORUM IN CONJUNCTION WITH THE 2023 ANCOR ANNUAL CONFERENCE IN CHICAGO, AND IT CONTINUED IT'S LONG-STANDING SPONSORSHIP OF TWO LEADERSHIP INSTITUTES HOSTED BY THE NATIONAL LEADERSHIP CONSORTIUM ON DEVELOPMENTAL DISABILITIES.

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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 $67,311

Program Service Revenue $42,438

Investment Income $57

Other Revenue $0

TOTAL REVENUE $109,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $59,091

Program Expenses $47,104

Other Expenses $104,274

TOTAL EXPENSES $130,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,806	$83,870	+0.3%
Expenses	$130,904	$93,186	+0.4%
Net Income	$-21,098	$-9,316	+1.3%

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

$673,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA WIERSMA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIAN BALDINI	VICE PRESIDENT (FROM JAN 2023)	1.00	Officer Director	$0	$0	$0
DOUG GOLUB	TREASURER	1.00	Officer Director	$0	$0	$0
CHERYL PLANK	SECRETARY (FROM JAN 2023)	1.00	Officer Director	$0	$0	$0
GENE BOES	DIRECTOR	1.00	Director	$0	$0	$0
AMY BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BUDD	DIRECTOR	1.00	Director	$0	$0	$0
RAVI DAHIYA	DIRECTOR	1.00	Director	$0	$0	$0
GENEVIEVE FITZGIBBON	DIRECTOR	1.00	Director	$0	$0	$0
STACEY RISOTTI	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SAMOT	DIRECTOR	1.00	Director	$0	$0	$0
AMY STAED	DIRECTOR	1.00	Director	$0	$0	$0
MARY VALACHOVIC	DIRECTOR	1.00	Director	$0	$0	$0
ERICA BUCHANAN	DIRECTOR (FROM JAN 2023)	1.00	Director	$0	$0	$0
PRECIOUS MYERS-BROWN	DIRECTOR (FROM JAN 2023)	1.00	Director	$0	$0	$0
TIFFANY MARLETTE	DIRECTOR (THRU JAN 2023)	1.00	Director	$0	$0	$0
PATRICIA MYERS-BROWN	DIRECTOR (THRU JAN 2023)	1.00	Director	$0	$0	$0
LINDA TIMMONS	DIRECTOR (THRU JAN 2023)	1.00	Director	$0	$0	$0
BONNIE JEAN BROOKS	DIRECTOR (THRU JAN 2023)	1.00	Director	$0	$0	$0
LYNNE MEGAN	DIRECTOR (THRU JAN 2023)	1.00	Director	$0	$0	$0
TERRY ROGERS	DIRECTOR (THRU JAN 2023)	1.00	Director	$0	$0	$0
BARBARA E MERRILL	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$66,140	$450,282
GABRIELLE SEDOR	FOUNDATION DIRECTOR	5.00	Officer	$0	$28,175	$222,722
CYNTHIA R ALLEN DE RAMOS	CHIEF FINANCIAL OFFICER	2.00	Highest	$0	$26,500	$173,252
CARRIE SHANNON MCCRACKEN	VP, GOVERNMENT RELATIONS (THRU AUG 2023)	1.00	Highest	$0	$20,507	$197,992
SEAN LUECHTEFELD	VP, MEMBERSHIP & COMMUNICATIONS	1.00	Highest	$0	$26,230	$186,744
DONNA MARTIN	VP, STATE PARTNERSHIPS & INNOVATION	1.00	Highest	$0	$8,604	$142,939
MARIANA NORK	CHIEF CORP. ENGAGEMENT OFFICER (FROM FEB 2023)	1.00	Highest	$0	$5,466	$144,010

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	$109,806	$130,904	$355,975	$-21,098
2022	$83,870	$93,186	$337,676	$-9,316
2021	$208,070	$111,512	$350,932	$96,558
2020	$156,998	$328,388	$262,579	$-171,390
2019	$350,949	$399,391	$454,238	$-48,442
2018	$588,302	$340,163	$501,235	$248,139