THE DARIEN FOUNDATION INC (EIN 911949730) - 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

1998

Legal Domicile

Principal Officer

KERRY COPPOLA

Phone

2036555099

Tax Period

2022-07-01 to 2023-06-30

THE DARIEN FOUNDATION INC, founded in 1998, is a small nonprofit in the Education sector that reported $540K in total revenue in fiscal year 2022. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $835K exceeded revenue, resulting in a 55% operating deficit.

Mission

THE DARIEN FOUNDATION'S MISSION IS TO PROVIDE GRANT FUNDING FOR TECHNOLOGY AND CAPITAL PROJECTS THAT CREATE OPPORTUNITY FOR DARIEN'S YOUTH, SUPPORT TOWN SAFETY AND SECURITY SERVICES, ENHANCE THE OVERALL QUALITY OF LIFE IN DARIEN, AND OTHERWISE BENEFIT THE CITIZENS OF DARIEN, CONNECTICUT. THE GOAL IS TO OFFER A CENTRAL LOCATION FOR RESIDENTS AND CORPORATE DONORS WHO WISH TO SUPPORT WORTHY TOWN PROJECTS. THE FOUNDATION IS COMMITTED TO SUPPORTING TECHNOLOGY AND CAPITAL INITIATIVES FOR THE PUBLIC SCHOOLS, EMERGENCY SERVICES, AND OTHER LOCAL OR TOWN ORGANIZATIONS. THE FOUNDATION'S BROAD AND DIVERSE BOARD OF DIRECTORS STRIVES TO APPLY A CONSISTENT METHODOLOGY IN REVIEWING GRANT REQUESTS AND HOLDING GRANT RECIPIENTS ACCOUNTABLE. THE MAJORITY OF THE FOUNDATION'S REVENUES COME FROM CONTRIBUTIONS FROM THE PUBLIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $505,960

Program Service Revenue $0

Investment Income $34,092

Other Revenue $0

TOTAL REVENUE $540,052

Expense Breakdown

Grants Paid $656,297

Salaries & Benefits $65,644

Fundraising Expenses $99,283

Program Expenses $694,089

Other Expenses $113,038

TOTAL EXPENSES $834,979

Year-over-Year Comparison

	2022	2021	Change
Revenue	$540,052	$913,501	-0.4%
Expenses	$834,979	$288,361	+1.9%
Net Income	$-294,927	$625,140	-1.5%

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

Governance

Voting Members

Independent Members

Employees

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

$60,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARD GLASSMEYER	DIRECTOR/CHAIRMAN	5.00	Director	$0	$0	$0
SEAN CALVILLO	DIRECTOR/TECH CHAIR	3.00	Director	$0	$0	$0
LARRY CASTELLANI	DIRECTOR/CHAR POLICE GRANT	2.00	Director	$0	$0	$0
KERRY COPPOLA	DIRECTOR/TREASURER	4.00	Director	$0	$0	$0
COURTNEY GALLIGAN	DIRECTOR/NOM COM CO CHAIR	1.50	Director	$0	$0	$0
ERIC GAASERUD	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE GIES	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE HARDER	DIRECTOR	1.00	Director	$0	$0	$0
FRANK KNAPP	DIRECTOR/INVESTMENT CHAIR/	1.50	Director	$0	$0	$0
PAIGE KYLE	DIRECTOR/NOM COM VICE CHAR	1.00	Director	$0	$0	$0
KERI MACCOLL	DIRECTOR	1.00	Director	$0	$0	$0
BYRNE POZZI	DIRECTOR/SCHOOLS CO-CHAR	1.00	Director	$0	$0	$0
HILARY THOMPSON	DIRECTOR/OUTREACH CO CHAR	1.00	Director	$0	$0	$0
BRETT WEIN	DIRECTOR	1.00	Director	$0	$0	$0
MEDORA WESTCOTT	DIRECTOR/OUTREACH CO CHAIR	1.00	Director	$0	$0	$0
STEFANI DESAI	DIRECTOR/APPEAL CHAIR	1.00	Director	$0	$0	$0
JASON GROMELSKI	DIRECTOR	1.00	Director	$0	$0	$0
TARA LECLERC	DIRECTOR	1.00	Director	$0	$0	$0
KERRIE KELLEY	OFFICER/ MEDIA CHAIR	1.50	Officer	$0	$0	$0
LINDSAY ODONNELL	OFFICER/LAWYER	1.50	Officer	$0	$0	$0
SARAH WOODBERRY	EXECUTIVE DIRECTOR	25.00	Officer	$60,208	$0	$60,208
BRYAN ZAK	OFFICER	1.00	Officer	$0	$0	$0
ROBIN NELSON	OFFICER/SCHOOLS CHAIR/DPS	1.50	Officer	$0	$0	$0
VAIL W VASISHT	OFFICER/APPEAL CHAIR/TECH	1.50	Officer	$0	$0	$0
SARAH HUNSBERGER	OFFICER/ATTORNEY	1.50	Officer	$0	$0	$0
HOLLY MITCHELL	OFFICER/	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$540,052	$834,979	$3,121,882	$-294,927
2022	$913,501	$288,361	$2,910,132	$625,140
2021	$689,555	$710,876	$2,911,759	$-21,321
2020	$664,103	$713,977	$2,493,839	$-49,874
2019	$527,113	$364,279	$2,337,518	$162,834
2018	$510,659	$420,603	$2,145,992	$90,056

THE DARIEN FOUNDATION INC