THE MELVIN WEINSTEIN PARKINSONS FOUNDATION INC

EIN: 050523378 501(c)(3) Diseases & Disorders

VIRGINIA BEACH, VA

Total Revenue
$1,195
Total Expenses
$126,018
Total Assets
$521,419
Net Assets
$520,261
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
VA
Phone
7574967949
Tax Period
2022-07-01 to 2023-06-30

THE MELVIN WEINSTEIN PARKINSONS FOUNDATION INC, founded in 2002, is a micro nonprofit in the Diseases & Disorders sector that reported $76K in total revenue in fiscal year 2019. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $114K exceeded revenue, resulting in a 50% operating deficit.

Mission

Assists Parkinson's patients by providing general assistance to patients with Parkinson's disease. The Foundation provides medical, equipment, prescription drugs, assistance with medical appointment bills, household expenses on a temporary basis, and general short term assistance for patients between loss of their jobs and the commencement of disability benefits.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,195
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,195

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,583
Fundraising Expenses $596
Program Expenses $82,744
Other Expenses $101,435
TOTAL EXPENSES $126,018

Year-over-Year Comparison

2022 2021 Change
Revenue $1,195 $60,535 -1.0%
Expenses $126,018 $113,121 +0.1%
Net Income $-124,823 $-52,586 +1.4%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
2
Employees
1
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARSHA W ANTHONY Vice President 3.00
Officer
$0 $0 $0
TRACI W CORCORAN President 3.00
Officer
$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 No data No data No data No data
2024 No data No data No data No data
2023 $1,195 $126,018 $521,419 $-124,823
2022 $60,535 $113,121 $641,402 $-52,586
2021 $62,062 $129,503 $793,895 $-67,441
2020 $76,492 $114,479 $656,912 $-37,987
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