GLADSTONE FOUNDATION

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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

2010

Legal Domicile

Principal Officer

MICHELLE SIBLY

Phone

4157342000

Tax Period

2023-01-01 to 2023-12-31

GLADSTONE FOUNDATION, founded in 2010, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $7.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO CONDUCT FUNDRAISING ACTIVITIES ON BEHALF OF THE J. DAVID GLADSTONE INSTITUTES AND TO MANAGE AND INVEST A PORTION OF SUCH ASSETS ON BEHALF OF THE INSTITUTES.

Program Service Accomplishments

Program 1

Expenses: $7,474,263 Revenue: $0

THE GLADSTONE FOUNDATION CONDUCTS FUNDRAISING ACTIVITIES ON BEHALF OF THE J. DAVID GLADSTONE INSTITUTES AND MANAGES AND INVESTS A PORTION OF SUCH ASSETS ON BEHALF OF THE INSTITUTES.

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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 $6,299,795

Program Service Revenue $0

Investment Income $5,281

Other Revenue $0

TOTAL REVENUE $6,305,076

Expense Breakdown

Grants Paid $7,474,263

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,474,263

Other Expenses $21,604

TOTAL EXPENSES $7,495,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,305,076	$7,499,234	-0.2%
Expenses	$7,495,867	$21,347,401	-0.6%
Net Income	$-1,190,791	$-13,848,167	-0.9%

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

$1,251,308

Total Directors

$1,320,411

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BOSKIN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS J FURST	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
SHARON WINSLOW	DIRECTOR	1.00	Director	$0	$0	$0
SAKO D FISHER	DIRECTOR	1.00	Director	$0	$0	$0
R SANDERS WILLIAMS DIRECTOR	PRESIDENT EMERITUS OF JDGI	1.00	Director	$0	$2,423	$20,040
PERRY KARSEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
WILL EVERS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA GRAIS	DIRECTOR	1.00	Director	$0	$0	$0
LI LU	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE DE BACKER	DIRECTOR	1.00	Director	$0	$0	$0
GARY STEELE	DIRECTOR (THRU 09/23)	1.00	Director	$0	$0	$0
GARY MORGENTHALER	DIRECTOR	1.00	Director	$0	$0	$0
FRED CRAVES	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER R REDLICH JR	DIRECTOR	1.00	Director	$0	$0	$0
ERIN HOFFMANN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS SCRIVNER	DIRECTOR	1.00	Director	$0	$0	$0
DIKSHA MAKAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TANANBAUM	DIRECTOR	1.00	Director	$0	$0	$0
DEEPAK SRIVASTAVA DIRECTOR	PRESIDENT OF JDGI	1.00	Director	$0	$91,079	$1,300,371
DEEP V NISHAR	DIRECTOR	1.00	Director	$0	$0	$0
STASIA OBREMSKEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM H YOUNGER JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS NICHOLSON SECRETARY	DIRECTOR OF PHILANTHROPY FOR JDGI	1.00	Officer	$0	$71,470	$281,623
MICHELLE SIBLY TREASURER	VP OF FINANCE FOR JDGI	1.00	Officer	$0	$49,500	$486,097
ROBERT WICKS CEO	VP OF PHILANTHROPY FOR JDGI	10.00	Officer	$0	$56,587	$483,588
ROBERT OBANA FORMER TREASURER	COO OF JDGI	0.00		$0	$80,030	$693,806

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	$6,305,076	$7,495,867	$12,884,183	$-1,190,791
2022	$7,499,234	$21,347,401	$14,074,974	$-13,848,167
2021	$22,078,581	$11,755,250	$27,923,141	$10,323,331
2020	$2,105,243	$4,511,516	$17,602,060	$-2,406,273
2019	$3,814,456	$5,763,055	$20,008,332	$-1,948,599
2018	$1,045,962	$16,805,530	$21,956,682	$-15,759,568