10 ELM FOUNDATION INC

EIN: 842933724 501(c)(3) Human Services

BOXFORD, MA

Total Revenue
$80,436
Total Expenses
$253,678
Total Assets
$83,669
Net Assets
$83,669
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MA
Principal Officer
KENNETH THOMPSON
Phone
9788876802
Tax Period
2022-07-01 to 2023-06-30

10 ELM FOUNDATION INC, founded in 2019, is a micro nonprofit in the Human Services sector that reported $80K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $254K exceeded revenue, resulting in a 215% operating deficit.

Mission

THE MISSION OF THE 10 ELM FOUNDATION IS TO PROVIDE BOXFORD WITH A DYNAMIC GATHER PLACE IN THE HEART OF THE VILLAGE THAT IS SAFE AND ACCESSIBLE FOR ALL.

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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 $80,350
Program Service Revenue $0
Investment Income $86
Other Revenue $0
TOTAL REVENUE $80,436

Expense Breakdown

Grants Paid $218,740
Salaries & Benefits $0
Fundraising Expenses $399
Program Expenses $249,385
Other Expenses $34,938
TOTAL EXPENSES $253,678

Year-over-Year Comparison

2022 2021 Change
Revenue $80,436 $261,654 -0.7%
Expenses $253,678 $4,775 +52.1%
Net Income $-173,242 $256,879 -1.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
14

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER VAZ PRESIDENT 2.00
Officer Director
$0 $0 $0
KENNETH THOMPSON TREASURER 4.00
Officer Director
$0 $0 $0
JOHN SHIRLEY SECRETARY 2.00
Officer Director
$0 $0 $0
CHRISTINA ECKERT DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH MURPHY DIRECTOR 2.00
Director
$0 $0 $0
JUDITH ANDERSEN DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINE CABLE DIRECTOR 2.00
Director
$0 $0 $0
SUZANNE COX DIRECTOR 2.00
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 $80,436 $253,678 $83,669 $-173,242
2022 $261,654 $4,775 $256,911 $256,879
2021 $297,134 $416,356 $32 $-119,222
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