Wards Foundation

EIN: 861600365 501(c)(3) Diseases & Disorders

Charlotte, NC

Total Revenue
$954,879
Total Expenses
$578,159
Total Assets
$1,429,181
Net Assets
$1,420,926
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
Caroline Winslett
Phone
7045179773
Tax Period
2024-07-01 to 2025-06-30

Wards Foundation, founded in 2021, is a small nonprofit in the Diseases & Disorders sector that reported $955K in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $377K, a strong 39% operating margin.

Mission

Ward's Foundation empowers families to manage the emotional and practical challenges that arise after a child is diagnosed with a rare disease. One in ten Americans will be diagnosed with a rare disease - 50% of these are children. And while the diseases themselves are unique, the struggles of a rare disease diagnosis are remarkably similar. We offer holistic support that helps families, their support network and medical professionals build a path forward.

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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 (2024)

Revenue Breakdown

Contributions & Grants $473,569
Program Service Revenue $0
Investment Income $52,498
Other Revenue $428,812
TOTAL REVENUE $954,879

Expense Breakdown

Grants Paid $229,122
Salaries & Benefits $133,010
Fundraising Expenses $24,750
Program Expenses $509,806
Other Expenses $216,027
TOTAL EXPENSES $578,159

Year-over-Year Comparison

2024 2023 Change
Revenue $954,879 $420,067 +1.3%
Expenses $578,159 $121,133 +3.8%
Net Income $376,720 $298,934 +0.3%
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
10
Independent Members
10
Employees
3
Volunteers
15

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
4
$51,923
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Caroline Winslett Executive Dir. 40.00
Officer
$51,923 $0 $51,923
Trey Winslett Chairman 2.00
Officer Director
$0 $0 $0
Will McGuire Treasurer 2.00
Officer Director
$0 $0 $0
Mary Lake Davidson Secretary 2.00
Officer Director
$0 $0 $0
Matthew Blickley Director 2.00
Director
$0 $0 $0
Nicole Grenier Director 2.00
Director
$0 $0 $0
Megan Huff Director 2.00
Director
$0 $0 $0
Mallory Kridler Director 2.00
Director
$0 $0 $0
Amanda Lanier Director 2.00
Director
$0 $0 $0
Joey Norman Director 2.00
Director
$0 $0 $0
Steve Sims 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
2025 $954,879 $578,159 $1,429,181 $376,720
2024 $420,067 $121,133 $1,051,600 $298,934
2023 $521,306 $225,810 $834,045 $295,496
2022 $422,134 $41,612 $550,890 $380,522
2021 $120,986 $45,321 $176,575 $75,665
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