BUCKEYE PARTNERS 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

2016

Legal Domicile

Principal Officer

TODD J RUSSO

Phone

8326158600

Tax Period

2023-01-01 to 2023-12-21

BUCKEYE PARTNERS FOUNDATION, founded in 2016, is a micro nonprofit that reported $33K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $78K exceeded revenue, resulting in a 138% operating deficit.

Mission

BUCKEYE PARTNERS FOUNDATION PROVIDES AID TO THE EMPLOYEES OF BUCKEYE PARTNERS, L.P. OR ITS AFFILIATES, INCLUDING, WITHOUT LIMITATION, BUCKEYE PIPE LINE SERVICES COMPANY, AND THE FAMILIES OF SUCH EMPLOYEES, SUFFERING FINANCIAL NEED (CONTINUED ON SCHEDULE O)FOR DISTRESS RESULTING FROM CATASTROPHIC EVENTS IN THEIR LIVES SUCH AS NATURAL OR CIVIL DISASTERS. THE FOUNDATION ALSO PROVIDES GRANTS TO OTHER SECTION 501(C)(3) PUBLIC CHARITIES TO SUPPORT THE CHARITABLE WORK OF THOSE ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $40,486

THE FOUNDATION SOLICITS FUNDS FOR CHARITABLE ACTIVITIES AND MAKES PAYMENTS FOR DISASTER RELIEF.

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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 $32,599

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,599

Expense Breakdown

Grants Paid $40,486

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,486

Other Expenses $37,205

TOTAL EXPENSES $77,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,599	$22,445	+0.5%
Expenses	$77,691	$36,575	+1.1%
Net Income	$-45,092	$-14,130	+2.2%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD J RUSSO	DIRECTOR AND PRESIDENT	0.20	Officer Director	$0	$0	$0
GARY L BOHNSACK JR	DIRECTOR AND TREASURER	0.20	Officer Director	$0	$0	$0
EVAN B HOFMANN	DIRECTOR AND SECRETARY	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
2023	$32,599	$77,691	No data	$-45,092
2022	$22,445	$36,575	$52,913	$-14,130
2021	$91,344	$58,669	$66,735	$32,675
2020	$15,012	$38,407	$34,344	$-23,395
2019	$504,456	$600,780	$440,392	$-96,324
2018	$9,859	$47,144	$151,780	$-37,285