SHERMAN FOUNDATION (EIN 952672431) - 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

1951

Legal Domicile

Principal Officer

GARY PICKETT

Phone

9496421626

Tax Period

2023-10-01 to 2024-09-30

SHERMAN FOUNDATION, founded in 1951, is a community nonprofit in the Environment sector that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 56% operating margin.

Mission

IN ADDITION TO THE COLLECTIONS AND EXHIBITIONS, THE LIBRARY & GARDENS HOSTS A VARIETY OF PUBLIC AND PRIVATE EVENTS INCLUDING OUTDOOR SCULPTURE DISPLAYS, CONCERTS, HORTICULTURALLY THEMED DINNERS, COMMUNITY MEETINGS, EDUCATIONAL AND WELLNESS CLASSES, LECTURES, CHILDREN'S PROGRAMS, GARDEN TOURS AND FESTIVALS.

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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 $5,745,322

Program Service Revenue $423,883

Investment Income $1,394,262

Other Revenue $845,461

TOTAL REVENUE $8,408,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,132,024

Fundraising Expenses $394,167

Program Expenses $3,211,081

Other Expenses $1,516,131

TOTAL EXPENSES $3,729,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,408,928	$5,293,708	+0.6%
Expenses	$3,729,710	$3,398,042	+0.1%
Net Income	$4,679,218	$1,895,666	+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

125

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

$1,013,073

Total Directors

$1,115,073

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY PICKETT	President	15.00	Officer Director	$0	$0	$998,073
A SCOTT LAFLEUR	EXEC DIR-SL&G	40.00		$317,041	$0	$317,041
KYLE CHEESBOROUGH	GARDEN DIRECTOR	40.00		$169,979	$0	$169,979
JILL THRASHER	DIR OF LIBRARY	40.00		$106,209	$0	$106,209
DT DANIELS	Trustee	1.00	Director	$0	$0	$102,000
TIM COLLINS	Treasurer	4.00	Officer Director	$0	$0	$15,000
PETER ROONEY	Trustee	0.20	Director	$0	$0	$0
C STACY CANNON	Trustee	0.20	Director	$0	$0	$0
WILLIAM B AVERY	Vice President	0.20	Officer Director	$0	$0	$0
KRISTIN YOKOMOTO	Trustee	0.20	Director	$0	$0	$0
JUDY POSNIKOFF	Trustee	0.20	Director	$0	$0	$0
JAMES RAY	Trustee	6.00	Director	$0	$0	$0
JANET RAY	Trustee	6.00	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	$8,408,928	$3,729,710	$27,547,436	$4,679,218
2023	$5,293,708	$3,398,042	$22,843,748	$1,895,666
2022	$2,966,996	$2,584,599	$20,971,786	$382,397
2021	$2,139,928	$2,134,261	$20,536,448	$5,667
2020	$1,724,352	$1,913,403	$20,509,157	$-189,051

SHERMAN FOUNDATION