THE CONCORD INDEPENDENT FOUNDATION INC (EIN 863807140) - Form 990 Financial Analysis & Trantor Score

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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

2021

Legal Domicile

Principal Officer

ALICE KAUFMAN

Phone

9782545067

Tax Period

2024-01-01 to 2024-12-31

THE CONCORD INDEPENDENT FOUNDATION INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $941K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $839K left a modest 11% surplus.

Mission

THE CONCORD INDEPENDENT FOUNDATION IS A CONCORD MA 501(C)(3) WITH A MISSION TO PUBLISH A FREE PRINT AND DIGITAL NEWSPAPER, THE CONCORD BRIDGE, TO PROVIDE A FORUM FOR COMMUNITY AND CIVIC ENGAGEMENT. ITS LETTERS SECTION IS A VIBRANT SPACE FOR IDEAS AND COMMENTARY. ITS EDITORIAL CONTENT PROVIDES RICH UNDERSTANDING OF OUR COMMUNITY, ITS HISTORY, AND PLACE IN FORMING A DEMOCRACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $513,076

Program Service Revenue $404,599

Investment Income $23,622

Other Revenue $0

TOTAL REVENUE $941,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $427,082

Fundraising Expenses $41,434

Program Expenses $619,590

Other Expenses $412,188

TOTAL EXPENSES $839,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$941,297	$779,680	+0.2%
Expenses	$839,270	$538,062	+0.6%
Net Income	$102,027	$241,618	-0.6%

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

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

$103,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAILE HULIHAN	CEO	45	Officer	$103,846	$0	$103,846
ALICE KAUFMAN	BOARD PRESIDENT	25	Officer Director	$0	$0	$0
ANDREW PEDDAR	TREASURER	10	Officer Director	$0	$0	$0
VIRGINIA MCINTYRE	BOARD MEMBER	25	Director	$0	$0	$0
ALAN LIGHTMAN	BOARD MEMBER	2	Director	$0	$0	$0
MARGARET BURKE	BOARD MEMBER	10	Director	$0	$0	$0
DEENA WHITFIELD	CLERK	10	Officer Director	$0	$0	$0
JANET SILVER	BOARD MEMBER	10	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
2024	$941,297	$839,270	$1,227,588	$102,027
2023	$779,680	$538,062	$1,086,130	$241,618
2022	$847,072	$100,993	$808,584	$746,079

THE CONCORD INDEPENDENT FOUNDATION INC