THE MADDIE POTTS FOUNDATION

EIN: 823605410 501(c)(3) Philanthropy & Grantmaking

RICHMOND, RI

Total Revenue
$298,539
Total Expenses
$1,238,187
Total Assets
$202,024
Net Assets
$-332,638
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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
RI
Principal Officer
STEPHANIE POTTS
Phone
4019320647
Tax Period
2022-01-01 to 2022-12-31

THE MADDIE POTTS FOUNDATION, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $299K in total revenue in fiscal year 2022. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 315% operating deficit.

Mission

TO CARRY ON MADDIE'S LEGACY OF KINDNESS, HARD WORK, INCLUSIVE LEADERSHIP AND PERSEVERANCE, AKA MADDIE MENTALITY, MAKING CHARITABLE DONATIONS, AWARDS AND SCHOLARSHIPS IN FOSTERING EDUCATION AMONG STUDENT ATHLETES AS WELL AS POSITIVE COACHING SKILLS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $248,235
Program Service Revenue $0
Investment Income $0
Other Revenue $50,304
TOTAL REVENUE $298,539

Expense Breakdown

Grants Paid $1,232,523
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,232,523
Other Expenses $5,664
TOTAL EXPENSES $1,238,187

Year-over-Year Comparison

2022 2021 Change
Revenue $298,539 $147,043 +1.0%
Expenses $1,238,187 $21,133 +57.6%
Net Income $-939,648 $125,910 -8.5%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
50

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA ALLAMBY TRUSTEE/DIRE 1.50
Director
$0 $0 $0
LAURIE BERRY TRUSTEE/DIRE 1.50
Director
$0 $0 $0
JONI FORTIN TRUSTEE/DIRE 2.00
Director
$0 $0 $0
HEATHER KNOWLES TRUSTEE/DIRE 1.00
Director
$0 $0 $0
MARY LINACRE TRUSTEE/DIRE 1.00
Director
$0 $0 $0
COBY MYRTLE TRUSTEE/DIRE 0.75
Director
$0 $0 $0
RON PARISEAU TRUSTEE/DIRE 0.75
Director
$0 $0 $0
BARBARA POIRIER TRUSTEE/DIRE 1.50
Director
$0 $0 $0
MELISSA DEJOSEPH TREASURER 4.50
Officer
$0 $0 $0
DANIEL POTTS VICE PRESIDE 10.50
Officer
$0 $0 $0
STEPHANIE POTTS PRESIDENT 14.00
Officer
$0 $0 $0
VICKI RINNE SECRETARY 1.50
Officer
$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
2022 $298,539 $1,238,187 $202,024 $-939,648
2021 $147,043 $21,133 $942,368 $125,910
2020 $302,500 $74,509 $506,100 $227,991
2019 $209,448 $52,355 $244,052 $157,093
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