THE MCCOURT FOUNDATION INC

EIN: 900623963 501(c)(3) Philanthropy & Grantmaking

SOUTH BOSTON, MA

Total Revenue
$8,570,757
Total Expenses
$11,279,570
Total Assets
$19,871,900
Net Assets
$15,111,100
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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
2010
Legal Domicile
MA
Principal Officer
BRIAN MCCOURT
Phone
2125423000
Tax Period
2023-01-01 to 2023-12-31

THE MCCOURT FOUNDATION INC, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.6M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $11.3M exceeded revenue, resulting in a 32% operating deficit.

Mission

STRIVING TO HELP CURE NEUROLOGICAL DISEASES, WHILE EMPOWERING COMMUNITIES TO BUILD A HEALTHIER WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,899,261
Program Service Revenue $5,748,616
Investment Income $-9,816
Other Revenue $-67,304
TOTAL REVENUE $8,570,757

Expense Breakdown

Grants Paid $176,508
Salaries & Benefits $2,437,883
Fundraising Expenses $6,752,423
Program Expenses $2,112,874
Other Expenses $8,665,179
TOTAL EXPENSES $11,279,570

Year-over-Year Comparison

2023 2022 Change
Revenue $8,570,757 $6,244,258 +0.4%
Expenses $11,279,570 $11,260,674 +0.0%
Net Income $-2,708,813 $-5,016,416 -0.5%
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
3
Independent Members
2
Employees
16
Volunteers
3559

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
1
$90,117
Total Directors
3
$90,117
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MURPHY REINSCHREIBER CHIEF OPERATING OFFICER 40.00
Highest
$246,264 $33,742 $280,006
JOHN DUKE SENIOR DIRECTOR OF PARTNERSHIPS 40.00
Highest
$216,498 $712 $217,210
LAURIE GESTAL SENIOR DIRECTOR MARKETING 40.00
Highest
$174,048 $6,527 $180,575
STACY FERRARO SENIOR DIRECTOR OF OPERATIONS 40.00
Highest
$138,453 $14,038 $152,491
CLAUDIA GLIGA ACCOUNTING MANAGER 40.00
Highest
$132,702 $20,807 $153,509
BRIAN MCCOURT CHAIRMAN/PRESIDENT 40.00
Officer Director
$90,000 $117 $90,117
FRANK MCCOURT DIRECTOR 0.25
Director
$0 $0 $0
RYAN MCCOURT 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
2024 No data No data No data No data
2023 $8,570,757 $11,279,570 $19,871,900 $-2,708,813
2023 $8,739,099 $11,250,811 $20,009,505 $-2,511,712
2022 $6,244,258 $11,260,674 $21,783,885 $-5,016,416
2021 $6,917,849 $6,538,434 $29,762,470 $379,415
2020 $9,549,769 $8,021,980 $29,164,650 $1,527,789
2019 $24,821,556 $578,113 $30,802,971 $24,243,443
2018 $808,245 $771,844 $1,106,982 $36,401
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