NICHOLSON FAMILY FOUNDATION (EIN 830320017) - 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

1998

Legal Domicile

Principal Officer

JULIE NICHOLSON BOYLE

Phone

3077519017

Tax Period

2023-01-01 to 2023-12-31

NICHOLSON FAMILY FOUNDATION, founded in 1998, is a micro nonprofit in the Recreation & Sports sector that reported $39K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 310% operating deficit.

Mission

SUPPORTING ORGANIZATION, IRC 509(A)

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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 $0

Program Service Revenue $0

Investment Income $38,211

Other Revenue $450

TOTAL REVENUE $38,661

Expense Breakdown

Grants Paid $21,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,831

Other Expenses $137,200

TOTAL EXPENSES $158,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,661	$95,970	-0.6%
Expenses	$158,700	$162,737	0.0%
Net Income	$-120,039	$-66,767	+0.8%

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

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
JULIE NICHOLSON BOYLE	TRUSTEE	1.00	Officer Director	$0	$0	$0
GREG NICHOLSON	TRUSTEE	1.00	Officer Director	$0	$0	$0
EDWARD HOFFMAN	TRUSTEE	1.00	Officer Director	$0	$0	$0
RICHARD DAVIS	TRUSTEE	1.00	Officer Director	$0	$0	$0
CLAY SMITH	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$38,661	$158,700	$2,315,368	$-120,039
2022	$95,970	$162,737	$2,415,634	$-66,767
2021	$175,343	$139,479	$2,723,132	$35,864
2019	$36,518	$87,655	$2,680,000	$-51,137
2018	$61,912	$106,007	$2,596,314	$-44,095

NICHOLSON FAMILY FOUNDATION