THE NEWMAN AND ZENETH WARD FAMILY FOUNDATION (EIN 870640485) - 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

1999

Legal Domicile

Principal Officer

STEVEN W BENNETT

Phone

8014382000

Tax Period

2023-01-01 to 2023-12-31

THE NEWMAN AND ZENETH WARD FAMILY FOUNDATION, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $688K in total revenue in fiscal year 2023. Net assets of $17.1M represent 299 months of operating reserves.

Mission

Support the charitable purposes of the philanthropy community, a 501(c)(3) organization.

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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 $0

Program Service Revenue $0

Investment Income $687,968

Other Revenue $0

TOTAL REVENUE $687,968

Expense Breakdown

Grants Paid $415,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $415,000

Other Expenses $295,662

TOTAL EXPENSES $710,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$687,968	$-445,197	-2.5%
Expenses	$710,662	$647,384	+0.1%
Net Income	$-22,694	$-1,092,581	-1.0%

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

N/A

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
DAVID A WARD	President	2.00	Director	$0	$0	$0
MARY V WARD	Vice President	2.00	Director	$0	$0	$0
MICHAEL STAFFIERI	Trustee	1.00	Director	$0	$0	$0
STEVEN W BENNETT	Secretary	1.00	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
2024	No data	No data	No data	No data
2023	$687,968	$710,662	$17,134,192	$-22,694
2022	$258,702	$3,104,125	$15,404,044	$-2,845,423
2021	$4,045,497	$581,384	$18,249,467	$3,464,113
2020	$144,603	$542,186	$14,785,354	$-397,583
2019	$1,259,240	$738,635	$15,182,937	$520,605
2018	$248,908	$635,108	$14,662,332	$-386,200

THE NEWMAN AND ZENETH WARD FAMILY FOUNDATION