POLYMERS FOUNDATION INC

EIN: 562126492 501(c)(3) Philanthropy & Grantmaking

CHARLOTTE, NC

Total Revenue
$38,280
Total Expenses
$24,978
Total Assets
$351,191
Net Assets
$351,191
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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
1998
Legal Domicile
NC
Principal Officer
PHILIP S SHOEMAKER
Phone
7046024100
Tax Period
2023-07-01 to 2024-06-30

POLYMERS FOUNDATION INC, founded in 1998, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $38K in total revenue in fiscal year 2023. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 35% operating margin.

Mission

RECIVE, MANAGE AND ALLOCATE FUNDS, IN-KIND DONATIONS AND OTHER THINGS OF VALUE DONATED OR OTHERWISE PROVIDED TO THE FOUNDATION FOR THE SPECIFIC PURPOSES CONSISTENT WITH IT'S NON-PROFIT STATUS. THOSE PURPOSES SHALL INCLUDE RESEARCH AND EDUCATION RELATING TO POLYER SCIENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,269
Program Service Revenue $0
Investment Income $6,011
Other Revenue $0
TOTAL REVENUE $38,280

Expense Breakdown

Grants Paid $21,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $24,978
Other Expenses $3,978
TOTAL EXPENSES $24,978

Year-over-Year Comparison

2023 2022 Change
Revenue $38,280 $16,633 +1.3%
Expenses $24,978 $5,572 +3.5%
Net Income $13,302 $11,061 +0.2%
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
3
Independent Members
3
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
2
$0
Total Directors
5
$180,790
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP S SHOEMAKER BOARD MEMBER 1.00
Director
$0 $0 $180,790
WILLIAM DOMINICK CHAIRMAN 1.00
Officer Director
$0 $0 $0
TERRY PETERSON SECRETARY 1.00
Officer Director
$0 $0 $0
MARK DREHEIM BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL MARTIN BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 $38,280 $24,978 $351,191 $13,302
2023 $16,633 $5,572 $315,560 $11,061
2022 $227,228 $3,929 $293,510 $223,299
2021 No data $3,043 $88,897 No data
2020 $2,600 $3,565 $91,940 $-965
2019 No data $1,594 $92,905 No data
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