TOURO FRATERNAL ASSOCIATION (EIN 050228700) - 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

1918

Legal Domicile

Principal Officer

STEVAN LABUSH

Phone

4017850066

Tax Period

2024-01-01 to 2024-12-31

TOURO FRATERNAL ASSOCIATION, founded in 1918, is a small nonprofit that reported $643K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $314K, a strong 49% operating margin.

Mission

OPERATE AN ORGANIZATION FOR FRATERNAL PURPOSES

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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 $26,180

Program Service Revenue $7,358

Investment Income $609,518

Other Revenue $0

TOTAL REVENUE $643,056

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $34,811

Fundraising Expenses $0

Program Expenses $239,137

Other Expenses $284,276

TOTAL EXPENSES $329,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$643,056	$560,877	+0.1%
Expenses	$329,087	$323,917	+0.0%
Net Income	$313,969	$236,960	+0.3%

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

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

$32,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVAN LABUSH	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JEFFREY DAVIS	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
SCOTT HALSBAND	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVEN WHITE	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
BRUCE WASSER	SECRETARY	2.00	Officer Director	$0	$0	$0
RALPH ORLECK	TREASURER	2.00	Officer Director	$0	$0	$0
BARRY ACKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
LARRY BERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JED BRANDES	DIRECTOR	1.00	Director	$0	$0	$0
ADAM FINKELSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MAX GUARINO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW LAMCHICK	DIRECTOR	1.00	Director	$0	$0	$0
ALAN LURY	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE WEISMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MILLER	DIRECTOR	1.00	Director	$0	$0	$0
RIED REDLICH	DIRECTOR	1.00	Director	$0	$0	$0
BARRY JAY SCHIFF	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
STUART SOLUP	DIRECTOR	1.00	Director	$0	$0	$0
PETER HODOSH	ADMINISTRATOR	35.00	Director	$32,000	$0	$32,000

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	$643,056	$329,087	$21,700,744	$313,969
2023	$560,877	$323,917	$19,433,252	$236,960
2022	$577,764	$338,753	$18,338,712	$239,011
2021	$411,496	$933,041	$20,297,427	$-521,545
2020	$410,397	$233,253	$17,567,276	$177,144
2019	$392,201	$269,456	$16,867,763	$122,745
2018	$1,060,825	$230,421	$13,759,560	$830,404

TOURO FRATERNAL ASSOCIATION