THE MICHAEL BOLTON CHARITIES INC (EIN 061367576) - 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

1993

Legal Domicile

Principal Officer

GALE SITOMER

Phone

2036269490

Tax Period

2024-01-01 to 2024-12-31

THE MICHAEL BOLTON CHARITIES INC, founded in 1993, is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $231K exceeded revenue, resulting in a 764% operating deficit.

Mission

TO ADDRESS THE PROBLEMS OF CHILDREN AND WOMEN 'AT RISK' DUE TO POVERTY AND EMOTIONAL, PHYSICAL AND SEXUAL ABUSE.

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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 $8,086

Program Service Revenue $0

Investment Income $18,603

Other Revenue $0

TOTAL REVENUE $26,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,805

Fundraising Expenses $4,250

Program Expenses $183,971

Other Expenses $178,755

TOTAL EXPENSES $230,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,689	$106,449	-0.7%
Expenses	$230,560	$148,178	+0.6%
Net Income	$-203,871	$-41,729	+3.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BOLTON	CHAIRMAN	N/A	Officer Director	$0	$0	$0
GALE SITOMER	PRESIDENT	N/A	Officer Director	$0	$0	$0
THOMAS FEBBRAIO	TREASURER	N/A	Officer Director	$0	$0	$0
BARBARA CANE	SECRETARY	N/A	Officer Director	$0	$0	$0
SCOTT SELTZER	BOARD MEMBER	N/A	Director	$0	$0	$0
YOLANDA JIMENEZ	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRISTINA KLINE	BOARD MEMBER	N/A	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
2024	$26,689	$230,560	$516,366	$-203,871
2023	$106,449	$148,178	$653,071	$-41,729
2022	$204,574	$273,828	$627,561	$-69,254
2021	$163,656	$302,279	$826,996	$-138,623
2020	$387,638	$277,266	$946,342	$110,372
2019	$416,796	$307,319	$745,184	$109,477
2018	$394,790	$350,771	$568,863	$44,019

THE MICHAEL BOLTON CHARITIES INC