10 ELM FOUNDATION INC

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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

2019

Legal Domicile

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

HELP FUND THE CONSTRUCTION OF A NEW SENIOR/COMMUNITY CENTER IN BOXFORD MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $249,385

ORGANIZATION OUTREACHED TO VARIOUS GROUPS AND INDIVIDUALS IN THE AREA TO RAISE FUNDS FOR THE COMMUNITY CENTER IN BOXFORD. THE CONSTRUCTION OF THE NEW SENIOR/COMMUNITY CENTER AT 10 ELM IS COMPLETE...

ORGANIZATION OUTREACHED TO VARIOUS GROUPS AND INDIVIDUALS IN THE AREA TO RAISE FUNDS FOR THE COMMUNITY CENTER IN BOXFORD. THE CONSTRUCTION OF THE NEW SENIOR/COMMUNITY CENTER AT 10 ELM IS COMPLETE. THE ORGANIZATION RECEIVED A CERTIFICATE OF OCCUPANCY. FURNITURE AND FIXTURES FOR THE SENIOR/COMMUNITY CENTER HAVE BEEN INSTALLED. THE NEW SENIOR/COMMUNITY CENTER HELD ITS GRAND OPENING ON APRIL 15, 2023.

Program 2

THE 10 ELM FOUNDATION HAS DONE A TREMENDOUS AMOUNT OF OUTREACH IN THE LAST YEAR. HEATHER VAZ, OUR PRESIDENT, MET WITH SCOTT MORRISON - THE SUPERINTENDENT OF THE BOXFORD ELEMENTARY SCHOOLS. HE IS...

THE 10 ELM FOUNDATION HAS DONE A TREMENDOUS AMOUNT OF OUTREACH IN THE LAST YEAR. HEATHER VAZ, OUR PRESIDENT, MET WITH SCOTT MORRISON - THE SUPERINTENDENT OF THE BOXFORD ELEMENTARY SCHOOLS. HE IS EXCITED TO BE ABLE TO COLLABORATE WITH US ON FUTURE INTERGENERATIONAL PROGRAMMING AT THE CENTER: GARDENING, COOKING, HISTORICAL PROGRAMS AND MENTORING THAT WOULD BRING TOGETHER OUR SENIORS AND OUR SCHOOLCHILDREN.

Program 3

THE 10 ELM FOUNDATION TEAMED UP WITH A LOCAL ARTS, THEATRE AND CULTURAL GROUP (WAH!) WHICH WILL PROVIDE PROGRAMMING IN THE AFTERNOONS, EVENINGS AND WEEKENDS AT THE CENTER - FOR ALL AGES.

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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 (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

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
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