THE ABRASBA FOUNDATION (EIN 050545566) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Phone

3237618700

Tax Period

2024-01-01 to 2024-12-31

THE ABRASBA FOUNDATION, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.8M, a strong 80% operating margin.

Mission

PROVIDE FUNDING FOR ORGANIZATIONS TO PROMOTE AND PROVIDE CHARITABLE AND EDUCATIONAL PROGRAMS AND SERVICES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,685,850

Program Service Revenue $0

Investment Income $825,275

Other Revenue $274,827

TOTAL REVENUE $4,785,952

Expense Breakdown

Grants Paid $921,352

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $921,352

Other Expenses $46,374

TOTAL EXPENSES $967,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,785,952	$4,139,898	+0.2%
Expenses	$967,726	$1,383,823	-0.3%
Net Income	$3,818,226	$2,756,075	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$672,452

Total Directors

$699,762

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN GINDI	PRESIDENT/DIRECTOR	0.1	Officer Director	$0	$0	$0
BARBARA GINDI	VICE PRESIDENT/DIRECTOR	0.1	Officer Director	$0	$0	$0
MARVIN SCHOTLAND	SECRETARY/DIRECTOR (END 6/24)	0.0	Officer Director	$0	$0	$35,000
AARON LERNER	DIRECTOR	0.1	Director	$0	$206,788	$664,762
JORDAN LURIE	DIRECTOR	0.1	Director	$0	$0	$0
LAWRENCE RAUCH	DIRECTOR	0.1	Director	$0	$0	$0
Aaron Inlender	Vice President	0.1	Officer	$0	$0	$0
DEBORAH JOHNSTON	Treasurer	0.1	Officer	$0	$42,737	$369,842
ELLEN ROSEN	SECRETARY (BEG 6/24)	0.1	Officer	$0	$36,596	$267,610

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	$4,785,952	$967,726	$25,570,494	$3,818,226
2023	$4,139,898	$1,383,823	$20,578,385	$2,756,075
2022	$1,686,464	$1,320,437	$16,529,162	$366,027
2021	$1,245,892	$1,335,860	$17,838,030	$-89,968
2020	$2,337,590	$672,563	$16,831,001	$1,665,027
2019	$697,424	$900,100	$14,521,709	$-202,676
2018	$1,593,762	$1,209,065	$13,175,241	$384,697

THE ABRASBA FOUNDATION