THE WITTE FOUNDATION (EIN 742755365) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

DIRK ELMENDORF

Phone

2103571900

Tax Period

2023-01-01 to 2023-12-31

Mission

THE WITTE FOUNDATION PROVIDES SUPPORT TO THE WITTE MUSEUM BY OVERSEEING THE INVESTMENT FUNDS AND HOLDING THE TITLES TO THE COLLECTIONS REPOSITORY AND THE B. NAYLOR MORTON RESEARCH AND COLLECTIONS CENTER AND MANAGEMENT OF THE WITTE MUSEUM'S INVESTMENT PORTFOLIO.

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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 $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $340,540

Other Expenses $340,540

TOTAL EXPENSES $340,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$-5,484	-1.0%
Expenses	$340,540	$349,935	0.0%
Net Income	N/A	$-355,419	N/A

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

$454,801

Total Directors

$333,227

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARISE MCDERMOTT	PRESIDENT	1.25	Officer Director	$0	$43,396	$333,227
PAM FUTCH	CHIEF FINANCIAL OFFICER	1.25	Officer	$0	$2,084	$61,214
VICTORIA BATES	CHIEF FINANCIAL OFFICER	1.25	Officer	$0	$1,616	$60,360
RYAN PAPE	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY WALKER	DIRECTOR	0.25	Director	$0	$0	$0
DIRK ELMENDORF	DIRECTOR	1.00	Director	$0	$0	$0
MARK METCALFE	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL BOLNER	DIRECTOR	0.50	Director	$0	$0	$0
JACK STEIN	DIRECTOR	0.50	Director	$0	$0	$0
RYAN BERG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
XAVIER URRUTIA	SECRETARY	1.00	Officer Director	$0	$0	$0
JOE MCLAUCHLAN	TREASURER	1.00	Officer 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	No data	$340,540	$6,935,330	No data
2022	$-5,484	$349,935	$6,918,313	$-355,419
2021	No data	$350,904	$6,687,465	No data
2020	No data	$125,129	$6,904,665	No data
2019	$69,788	$190,942	$1,959,028	$-121,154
2018	$531,984	$242,297	$2,043,106	$289,687

THE WITTE FOUNDATION