KING SOLOMON HUMANITARIAN FOUNDATION FOR HANDICAPPED CHILDREN INC

EIN: 046128271 501(c)(3)

BRIDGEWATER, MA

Total Revenue
$47,531
Total Expenses
$35,480
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
MA
Principal Officer
PAUL MEDEIROS
Phone
5086977557
Tax Period
2021-10-01 to 2022-08-26

KING SOLOMON HUMANITARIAN FOUNDATION FOR HANDICAPPED CHILDREN INC, founded in 1963, is a micro nonprofit that reported $48K in total revenue in fiscal year 2021. The organization ran a surplus of $12K, a strong 25% operating margin.

Mission

TO PROMOTE THE GENERAL WELFARE OF CHALLENGED PERSONS. ESPECIALLY CHALLENGED CHILDREN, REGARDLESS OF RACE, RELIGION, OR NATIONAL ORIGIN. TO ENCOURAGE AND ASSIST THEM TO RECEIVE THE BEST THERAPEUTIC AND RECREATIONAL SERVICES AVAILABLE. TO PROMOTE BETTER PUBLIC UNDERSTANDING OF THEIR PROBLEMS AND COOPERATE WITH THE PUBLIC, PRIVATE AND RELIGIOUS AGENCIES IN THE FURTHERANCE OF THESE ENDS TO ASSOCIATE WITH SIMILAR ORGANIZATIONS IN THIS CAUSE.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $47,490
Program Service Revenue $0
Investment Income $2
Other Revenue $39
TOTAL REVENUE $47,531

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $35,480
TOTAL EXPENSES $35,480

Year-over-Year Comparison

2021 2020 Change
Revenue $47,531 $47,873 0.0%
Expenses $35,480 $248,503 -0.9%
Net Income $12,051 $-200,630 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
24

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
5
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS WALSH PRESIDENT 4.00
Officer Director
$0 $0 $0
RON CORT VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
DAVID DELOURY VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
RON LUDVIGSEN TREASURER 4.00
Officer Director
$0 $0 $0
DOV YOFFE CLERK 4.00
Officer Director
$0 $0 $0
NEAL ANDELMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW BANK BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY BERNSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA CORT BOARD MEMBER 1.00
Director
$0 $0 $0
JASON CORT BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN DALIMONTE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES DEVINS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL FLATTO BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLINE HUMPHREY BOARD MEMBER 1.00
Director
$0 $0 $0
STUART LADD BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH PERRY BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL REALE BOARD MEMBER 1.00
Director
$0 $0 $0
JEROLD RUTBERG BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY SHORE BOARD MEMBER 1.00
Director
$0 $0 $0
HARVEY SLOBODKIN BOARD MEMBER 1.00
Director
$0 $0 $0
BOB SOCCI BOARD MEMBER 1.00
Director
$0 $0 $0
LEONARD TEPEROW BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL WAITZE BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN ZAMANSKY 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 $47,531 $35,480 No data $12,051
2021 $47,873 $248,503 $1,331,915 $-200,630
2020 $300,340 $602,201 $1,577,758 $-301,861
2018 $1,000,702 $1,392,104 $1,923,209 $-391,402
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