SPRINGMOOR ENDOWMENT FUND 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

1993

Legal Domicile

Principal Officer

WILLIAM BAXLEY

Phone

9198487000

Tax Period

2023-01-01 to 2023-12-31

SPRINGMOOR ENDOWMENT FUND INC, founded in 1993, is a small nonprofit that reported $472K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $278K, a strong 59% operating margin.

Mission

TO MAINTAIN IN RESIDENCE ANY RESIDENT WHO BECAUSE OF A FINANCIAL REVERSAL ARE OTHERWISE UNABLE TO PAY THEIR REGULAR CHARGES AND OTHERWISE MEETING THESE RESIDENTS NEEDS.

Program Service Accomplishments

Program 1

Expenses: $172,110 Revenue: $124,854

SUBSIDIZED RESIDENTS WHO WERE UNABLE FINANCIALLY TO PAY REGULAR CHARGES

Program 2

Expenses: $17,609

ANNUITY PAYMENTS TO DONORS

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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 $124,854

Program Service Revenue $0

Investment Income $347,583

Other Revenue $0

TOTAL REVENUE $472,437

Expense Breakdown

Grants Paid $172,110

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,719

Other Expenses $22,086

TOTAL EXPENSES $194,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,437	$647,906	-0.3%
Expenses	$194,196	$325,069	-0.4%
Net Income	$278,241	$322,837	-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

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
CHARLES B BALLARD	MEMBER	N/A	Director	$0	$0	$0
WILLIAM BAXLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
NINA COLE	MEMBER	N/A	Director	$0	$0	$0
WELLS EDMUNDSON	MEMBER	N/A	Director	$0	$0	$0
MARY ANN FREEMAN	MEMBER	N/A	Director	$0	$0	$0
JUDY HILL	SECRETARY	N/A	Officer Director	$0	$0	$0
ERNEST CARRAWAY JR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHUCK MILLSAPS	MEMBER	N/A	Director	$0	$0	$0
SUSAN WALTON	MEMBER	N/A	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	$472,437	$194,196	$9,162,598	$278,241
2022	$647,906	$325,069	$8,903,326	$322,837
2021	$1,324,109	$294,003	$8,599,458	$1,030,106
2020	$598,713	$287,017	$7,588,321	$311,696
2019	$519,189	$245,427	$7,295,594	$273,762
2018	$898,233	$150,312	$7,040,800	$747,921