FORT WORDEN FOUNDATION (EIN 812567250) - 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

2016

Legal Domicile

Principal Officer

Herbert S Cook Jr

Phone

3603444400

Tax Period

2021-01-01 to 2021-12-31

FORT WORDEN FOUNDATION, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2021. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $61K, a strong 47% operating margin.

Mission

To implement the mission and vision of the Fort Worden Life Long Learning Center at Fort Worden State Park for the purposes of establishing, developing, operating and maintaining a lifelong learning center.

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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 (2021)

Revenue Breakdown

Contributions & Grants $129,393

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $129,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,247

Fundraising Expenses $9,756

Program Expenses $50,885

Other Expenses $57,568

TOTAL EXPENSES $68,815

Year-over-Year Comparison

	2021	2020	Change
Revenue	$129,393	$1,467,593	-0.9%
Expenses	$68,815	$1,426,433	-1.0%
Net Income	$60,578	$41,160	+0.5%

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

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
Herbert Cook	President	4.00	Officer Director	$0	$0	$0
Cindy Finnie	Secretary	2	Officer Director	$0	$0	$0
Jon Schorr	Treasurer	2.00	Officer Director	$0	$0	$0
Jeff Krida	Director	1	Director	$0	$0	$0
Alex Spear	Director	1	Director	$0	$0	$0
Barry Mitzman	Director	1	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	$129,393	$68,815	$182,479	$60,578
2020	$1,467,593	$1,426,433	$139,542	$41,160

FORT WORDEN FOUNDATION