FERNWOOD GROUP FUND

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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

2017

Legal Domicile

Principal Officer

PATRICIA E HARRIS

Phone

2125836001

Tax Period

2024-01-01 to 2024-12-31

FERNWOOD GROUP FUND, founded in 2017, is a mid-sized nonprofit that reported $78.4M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50.2M, a strong 64% operating margin.

Mission

SEE EXPLANATION FOR PART I, LINE 1 ON SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $25,635,405

$22,500,000 WAS GRANTED TO REDUCE TOBACCO USE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,527,500

Program Service Revenue $0

Investment Income $51,829,005

Other Revenue $0

TOTAL REVENUE $78,356,505

Expense Breakdown

Grants Paid $22,500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,635,405

Other Expenses $5,691,270

TOTAL EXPENSES $28,191,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,356,505	$60,608,784	+0.3%
Expenses	$28,191,270	$28,127,835	+0.0%
Net Income	$50,165,235	$32,480,949	+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

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
RICHARD K DESCHERER	DIRECTOR THRU 3/23/24	0.06	Director	$0	$0	$0
PATRICIA E HARRIS	PRESIDENT & CHIEF EXECUTIVE OFFICER	0.25	Officer Director	$0	$0	$0
ALLISON JAFFIN	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS H GOLDEN	DIRECTOR	0.25	Director	$0	$0	$0
DAHLIA PRAGER	DIRECTOR AS OF 4/14/24	0.19	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	$78,356,505	$28,191,270	$669,008,236	$50,165,235
2023	$60,608,784	$28,127,835	$583,718,782	$32,480,949
2022	$18,445,805	$30,536,327	$501,568,106	$-12,090,522
2021	$49,187,170	$29,483,559	$587,479,281	$19,703,611
2020	$13,218,605	$14,168,269	$536,008,787	$-949,664
2019	$307,633,280	$12,756,354	$503,031,062	$294,876,926