WESTMINSTER VILLAGE FOUNDATION

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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

1991

Legal Domicile

Principal Officer

ROBERT MILLER

Phone

4804512000

Tax Period

2020-01-01 to 2020-12-31

WESTMINSTER VILLAGE FOUNDATION, founded in 1991, is a small nonprofit that reported $290K in total revenue in fiscal year 2020. Expenses of $1.2M exceeded revenue, resulting in a 308% operating deficit.

Mission

TO SOLICIT DONATIONS OF PROPERTY TO THE CORPORATION TO BE USED IN FURTHERANCE OF THE CORPORATION'S STATED CHARITABLE PURPOSES AND DISTRIBUTE SUCH PROPERTY AND THE INCOME THERE FROM TO, OR FOR THE BENEFIT OF, WESTMINISTER VILLAGE, INC.

Program Service Accomplishments

Program 1

Expenses: $1,108,045

TO RAISE FUNDS FOR THE FINANCIAL SUPPORT OF RESIDENTS; TO PROVIDE SCHOLARSHIPS TO ASSIST EMPLOYEES WITH THEIR EDUCATION; FOR VARIOUS PHYSICAL ADDITIONS, RENOVATIONS, AND IMPROVEMENTS AT WESTMINSTER VILLAGE; AND TO MAINTAIN A FUND FOR UNDESIGNATED CONTRIBUTIONS.THE FOUNDATION WAS MERGED WITH WESTMINSTER VILLAGE INC, ITS RELATED SECTION 501(C)(3) SUPPORTED ORGANIZATION AND THE FOUNDATION WAS DISSOLVED. ALL ASSETS OF THE FOUNDATION WERE TRANSFERRED TO WESTMINSTER VILLAGE INC. THE FUNCTION WILL NOW BE FULFILLED BY A STANDING COMMITTEE OF THE WESTMINSTER INC. BOARD OF DIRECTORS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $280,888

Program Service Revenue $0

Investment Income $8,680

Other Revenue $0

TOTAL REVENUE $289,568

Expense Breakdown

Grants Paid $1,108,045

Salaries & Benefits $72,566

Fundraising Expenses $0

Program Expenses $1,108,045

Other Expenses $950

TOTAL EXPENSES $1,181,561

Year-over-Year Comparison

	2020	2019	Change
Revenue	$289,568	$294,399	0.0%
Expenses	$1,181,561	$167,155	+6.1%
Net Income	$-891,993	$127,244	-8.0%

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

$342,211

Total Directors

$458,617

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLEY MIDKIFF	VICE PRESIDENT	0.50	Officer Director	$0	$9,604	$189,725
GARTH BEGUIN	TREASURER	0.50	Officer Director	$0	$14,927	$152,486
MAEGHAN BORREGO	DIRECTOR	0.50	Director	$0	$5,779	$116,406
ROBERT MILLER	PRESIDENT	0.50	Officer Director	$0	$0	$0
LOUISE BATES	SECRETARY	0.50	Officer Director	$0	$0	$0
CHUCK RIEDEL	DIRECTOR	0.50	Director	$0	$0	$0
CATHY LONG	DIRECTOR	0.50	Director	$0	$0	$0
STAN ROSEN	DIRECTOR	0.50	Director	$0	$0	$0
TRUDY VAN DER KNOOP	DIRECTOR	0.50	Director	$0	$0	$0
MARK LEINWEBER	DIRECTOR	0.50	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
2020	$289,568	$1,181,561	No data	$-891,993
2019	$294,399	$167,155	$974,592	$127,244
2018	$251,765	$415,831	$769,037	$-164,066