HELZEL FAMILY FOUNDATION C/O THE E… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

DEBORAH KIRSHMAN

Phone

5108363223

Tax Period

2021-07-01 to 2022-06-30

HELZEL FAMILY FOUNDATION C/O THE EAST BAY COMMUNITY FOUNDATION, founded in 1979, is a small nonprofit that reported $811K in total revenue in fiscal year 2021. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $20.8M exceeded revenue, resulting in a 2470% operating deficit.

Mission

THE MISSION OF THE HELZEL FAMILY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE IN THE SAN FRANCISCO BAY AREA AND BEYOND THROUGH SUPPORT OF NOT-FOR-PROFIT EDUCATIONAL, ARTS, AND CULTURAL INSTITUTIONS. THE FOUNDATION SUPPORTS ORGANIZATIONS AND PURSUES PARTNERSHIPS COMMITTED TO THE HIGHEST LEVEL OF ACHIEVEMENT AND EXCELLENCE, WITH A GOAL OF DIRECTLY AFFECTING INDIVIDUAL LIVES. THE HFF IS A SUPPORTING ORGANIZATION OF THE EAST BAY COMMUNITY FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $20,577,505 Revenue: $175,697

THE FOUNDATION MADE ONE GRANT FOR A NON-PROFIT ORGANIZATION ALIGNED WITH THE EAST BAY COMMUNITY FOUNDATION'S MISSION. ON NOVEMBER 18, 2021, THE BOARD UNANIMOUSLY APPROVED TO VOLUNTARILY DISSOLVE THE FOUNDATION AND TRANSFER ITS ASSETS TO A DONOR-ADVISED FUND AT THE EAST BAY COMMUNITY FOUNDATION IN THE FISCAL YEAR ENDING JUNE 30, 2022.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $635,264

Other Revenue $175,697

TOTAL REVENUE $810,961

Expense Breakdown

Grants Paid $20,555,005

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,577,505

Other Expenses $289,402

TOTAL EXPENSES $20,844,407

Year-over-Year Comparison

	2021	2020	Change
Revenue	$810,961	$1,927,374	-0.6%
Expenses	$20,844,407	$998,489	+19.9%
Net Income	$-20,033,446	$928,885	-22.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH KIRSHMAN	PRESIDENT/BOARD CHAIR	4.00	Officer Director	$0	$0	$0
LAWRENCE HELZEL	VP/TREASURER	2.00	Officer Director	$0	$0	$0
DANIEL KIRSHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID MENDEL	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SHAPIRO	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD G LIEBST	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD BLUM	BOARD MEMBER	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
2022	$810,961	$20,844,407	$26,123	$-20,033,446
2022	$5,288	$1,354	No data	$3,934
2021	$1,927,374	$998,489	$21,135,607	$928,885
2020	$711,649	$888,438	$17,893,603	$-176,789
2019	$731,162	$931,172	$18,235,875	$-200,010
2018	$2,083,593	$720,752	$18,122,846	$1,362,841

HELZEL FAMILY FOUNDATION C/O THE EAST BAY COMMUNITY FOUNDATION