WALDEN FOUNDATION INC (EIN 941464735) - 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

1958

Legal Domicile

Principal Officer

HARLEY GOLDSTROM

Phone

5108417248

Tax Period

2023-09-01 to 2024-07-31

WALDEN FOUNDATION INC, founded in 1958, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Net assets of $3.5M represent 24 months of operating reserves.

Mission

WALDEN PROVIDES K-6 ELEMENTARY EDUCATION TO A DIVERSE STUDENT BODY BASED ON A DEVELOPMENTAL AND CONSTRUCTIVIST EDUCATIONAL MODEL, INTEGRATION OF THE ARTS, RESPECT FOR INDIVIDUAL STRENGTHS, AND A BELIEF IN THE IMPORTANCE OF COMMUNITY.

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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 $19,780

Program Service Revenue $1,600,742

Investment Income $109,115

Other Revenue $24,577

TOTAL REVENUE $1,754,214

Expense Breakdown

Grants Paid $403,716

Salaries & Benefits $1,066,139

Fundraising Expenses $3,227

Program Expenses $1,405,202

Other Expenses $291,458

TOTAL EXPENSES $1,761,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,754,214	$1,696,368	+0.0%
Expenses	$1,761,313	$1,815,601	0.0%
Net Income	$-7,099	$-119,233	-0.9%

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

147

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

$156,286

Total Directors

$325,451

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARLEY GOLDSTROM	PRESIDENT	3.00	Officer Director	$0	$0	$0
WINONA JOHNSON-ALEXANDER	SECRETARY	3.00	Officer Director	$83,356	$7,778	$91,134
JOLINE BARSANTI	TREASURER	3.00	Officer Director	$56,469	$8,683	$65,152
DOV POLLACK	FOUNDATION MEMBER	3.00	Director	$0	$0	$0
SARAH WOODSON	FOUNDATION MEMBER	3.00	Director	$0	$0	$0
LILY JONES	FOUNDATION MEMBER	3.00	Director	$0	$0	$0
DEBRA WONG	FOUNDATION MEMBER	3.00	Director	$76,623	$6,648	$83,271
JEFF GRETHER	FOUNDATION MEMBER	3.00	Director	$73,858	$12,036	$85,894

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	$1,754,214	$1,761,313	$4,425,405	$-7,099
2023	$1,696,368	$1,815,601	$4,205,999	$-119,233
2022	$1,916,778	$1,784,738	$4,334,384	$132,040
2021	$1,745,574	$1,745,936	$4,327,112	$-362
2020	$1,805,932	$1,681,772	$4,260,647	$124,160
2019	$1,610,371	$1,762,115	$4,270,275	$-151,744
2019	$1,610,371	$1,762,115	$4,270,275	$-151,744

WALDEN FOUNDATION INC