NORTH HUDSON COMMUNITY ACTION FOUNDATION INC (EIN 020544774) - 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

2002

Legal Domicile

Principal Officer

MICHAEL SHABABB

Phone

2012100100

Tax Period

2024-02-01 to 2025-01-31

NORTH HUDSON COMMUNITY ACTION FOUNDATION INC, founded in 2002, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $39K in total revenue in fiscal year 2024. Expenses of $125K exceeded revenue, resulting in a 219% operating deficit.

Mission

ESTABLISHED SPECIFICALLY FOR THE PURPOSE OF RECEIVING AND DISBURSING FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF NORTH HUDSON COMMUNITY ACTION CORPORATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $29,865

Program Service Revenue $0

Investment Income $0

Other Revenue $9,423

TOTAL REVENUE $39,288

Expense Breakdown

Grants Paid $74,722

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,722

Other Expenses $50,624

TOTAL EXPENSES $125,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,288	$37,023	+0.1%
Expenses	$125,346	$47,661	+1.6%
Net Income	$-86,058	$-10,638	+7.1%

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

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

$130,740

Total Directors

$638,386

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BRAZANNO	PRESIDENT	5.00	Officer Director	$0	$0	$0
BART MONGELLI ESQ	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ROSEMARY J LAVAGNINO	TREASURER	5.00	Officer Director	$0	$0	$130,740
JOAN QUIGLEY	DIRECTOR	5.00	Director	$0	$3,399	$247,254
LOU ALAMO	DIRECTOR	5.00	Director	$0	$0	$0
GARY TAFFET	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL SHABABB	DIRECTOR	5.00	Director	$0	$3,399	$260,392
JACK ANASTASI	DIRECTOR	5.00	Director	$0	$0	$0
ERIC MASON	DIRECTOR	5.00	Director	$0	$0	$0
ANDRES ACEBO	DIRECTOR	5.00	Director	$0	$0	$0
DAVID SALTZBERG	DIRECTOR	5.00	Director	$0	$0	$0
ROBERTO CAMACHO	DIRECTOR	5.00	Director	$0	$0	$0
HOWARD SHIFFMAN	DIRECTOR	5.00	Director	$0	$0	$0
JILL HOTZMAN EISENBERG	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH PALUGHI	DIRECTOR	5.00	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
2025	$39,288	$125,346	$169,550	$-86,058
2024	$37,023	$47,661	$180,065	$-10,638
2023	$25,640	$29,433	$190,213	$-3,793
2022	$53,055	$30,793	$194,006	$22,262
2021	$17,260	$128,914	$171,744	$-111,654
2020	$279,450	$279,596	$283,749	$-146
2019	$197,883	$39,320	$283,895	$158,563

NORTH HUDSON COMMUNITY ACTION FOUNDATION INC