WESTMINSTER FOUNDATION INCORPORATED

EIN: 560945827 501(c)(3)

RALEIGH, NC

Total Revenue
$42,552
Total Expenses
$32,371
Total Assets
$526,690
Net Assets
$526,690
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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
1969
Legal Domicile
NC
Principal Officer
ROSE CREECH
Phone
9198280507
Tax Period
2021-01-01 to 2021-12-31

WESTMINSTER FOUNDATION INCORPORATED, founded in 1969, is a micro nonprofit that reported $43K in total revenue in fiscal year 2021. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $10K, a strong 24% operating margin.

Mission

PROVIDING GRANTS TO RELIGIOUS ORG'S FOR THE PURPOSE OF THE WESTMINSTER PRESBYTERIAN CHURCH.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $19,963
Program Service Revenue $0
Investment Income $22,589
Other Revenue $0
TOTAL REVENUE $42,552

Expense Breakdown

Grants Paid $29,717
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,121
Other Expenses $2,654
TOTAL EXPENSES $32,371

Year-over-Year Comparison

2021 2020 Change
Revenue $42,552 $45,994 -0.1%
Expenses $32,371 $34,921 -0.1%
Net Income $10,181 $11,073 -0.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSE CREECH PRESIDENT 0.30
Officer Director
$0 $0 $0
DINK PURYEAR VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
JIMI FELTON TREASURER 0.30
Officer Director
$0 $0 $0
BERT TIRRITO BOARD MEMBER 0.30
Director
$0 $0 $0
GRETCHEN CLEEVELY BOARD MEMBER 0.30
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
2021 $42,552 $32,371 $526,690 $10,181
2020 $45,994 $34,921 $504,368 $11,073
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