POINT O'WOODS 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

BEATRICE MITCHELL

Phone

6315835660

Tax Period

2023-01-01 to 2023-12-31

POINT O'WOODS FOUNDATION INC, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 183% operating deficit.

Mission

THE POINT O'WOODS FOUNDATION, INC. (THE "FOUNDATION") WAS FORMED PRIMARILY FOR THE PURPOSE OF RESTORING, MAINTAINING AND PRESERVING THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT BUILDINGS AND LANDSCAPE WITHIN THE HAMLET OF POINT O'WOODS, NEW YORK, AND THEIR SUPPORTING INFRASTRUCTURE. SECONDARY PURPOSES INCLUDE PROMOTING AN APPRECIATION OF THE HISTORY OF POINT O'WOODS, NEW YORK, INCLUDING IT ARCHITECTURAL AND CULTURAL HISTORY, THROUGH RESEARCH AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $2,926,052

HIRED CONTRACTOR TO RESTORE CASINO BUILDING AND EXPENSES PAID BY THE FOUNDATION COVERED ARCHITECT AND CONTRACTOR FEES TO RESTORE, MAINTAIN AND PRESERVE THE HISTORICALLY AND ARCHITECTURALLY...

HIRED CONTRACTOR TO RESTORE CASINO BUILDING AND EXPENSES PAID BY THE FOUNDATION COVERED ARCHITECT AND CONTRACTOR FEES TO RESTORE, MAINTAIN AND PRESERVE THE HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT BUILDINGS WITHIN THE HAMLET OF POINT O'WOODS.

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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 $1,043,501

Program Service Revenue $0

Investment Income $9,337

Other Revenue $0

TOTAL REVENUE $1,052,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,926,052

Other Expenses $2,984,690

TOTAL EXPENSES $2,984,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,052,838	$702,743	+0.5%
Expenses	$2,984,690	$715,894	+3.2%
Net Income	$-1,931,852	$-13,151	+145.9%

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
BEATRICE H MITCHELL	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREW SIDAMON ERISTOFF	VICE PRES	4.00	Officer Director	$0	$0	$0
MARGARET BELL	TREASURER	4.00	Officer Director	$0	$0	$0
KEN WOLFF	SECRETARY	4.00	Officer Director	$0	$0	$0
DAVID CHANDLER	DIRECTOR	4.00	Director	$0	$0	$0
DANIELLE JOHNSON	DIRECTOR	4.00	Director	$0	$0	$0
WILLOUGHBY LAYCOCK	DIRECTOR	4.00	Director	$0	$0	$0
STEVE SCOTT	DIRECTOR	4.00	Director	$0	$0	$0
JAMES VIGNONA	CONTROLLER	4.00	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
2024	No data	No data	No data	No data
2023	$1,052,838	$2,984,690	$152,995	$-1,931,852
2022	$702,743	$715,894	$2,084,847	$-13,151
2022	$702,743	$715,894	$2,084,847	$-13,151
2021	$980,719	$306,089	$2,099,169	$674,630
2020	$1,430,783	$7,581	$1,420,926	$1,423,202