CABS COMMUNITY FOUNDATION INC

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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

1972

Legal Domicile

Principal Officer

ADOLFO G ALAYON

Phone

7183381601

Tax Period

2020-01-01 to 2020-12-31

CABS COMMUNITY FOUNDATION INC, founded in 1972, is a small nonprofit that reported $732K in total revenue in fiscal year 2020. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $5.2M exceeded revenue, resulting in a 612% operating deficit.

Mission

TO RENDER SUPPORT BY MEANS OF CONTRIBUTIONS AND GRANTS TO TAX EXEMPT ORGANIZATIONS THAT PROVIDE SERVICES, PROGRAMS, AND/OR HOUSING THAT ASSIST OR OTHERWISE SUPPORTS SENIOR CITIZENS AND PERSONS REQUIRING HEALTH CARE AND TO ENGAGE IN CHARITABLE ACTIVITIES THAT PROMOTE THE GENERAL WELL BEING OF SENIOR CITIZENS WHO RESIDE IN BROOKLYN AND ITS ENVIRONS.

Program Service Accomplishments

Program 1

Expenses: $5,100,000

TO RENDER SUPPORT BY MEANS OF CONTRIBUTIONS AND GRANTS TO TAX EXEMPT ORGANIZATIONS THAT PROVIDE SERVICES, PROGRAMS, AND/OR HOUSING THAT ASSIST OR OTHERWISE SUPPORT SENIOR CITIZENS AND PERSONS...

TO RENDER SUPPORT BY MEANS OF CONTRIBUTIONS AND GRANTS TO TAX EXEMPT ORGANIZATIONS THAT PROVIDE SERVICES, PROGRAMS, AND/OR HOUSING THAT ASSIST OR OTHERWISE SUPPORT SENIOR CITIZENS AND PERSONS REQUIRING HEALTH CARE AND TO ENGAGE IN CHARITABLE ACTIVITIES THAT PROMOTE THE GENERAL WELL BEING OF SENIOR CITIZENS WHO RESIDE IN BROOKLYN AND ITS ENVIRONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $197,402

Other Revenue $534,747

TOTAL REVENUE $732,149

Expense Breakdown

Grants Paid $5,100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,100,000

Other Expenses $114,448

TOTAL EXPENSES $5,214,448

Year-over-Year Comparison

	2020	2019	Change
Revenue	$732,149	$456,804	+0.6%
Expenses	$5,214,448	$429,450	+11.1%
Net Income	$-4,482,299	$27,354	-164.9%

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

N/A

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
ADOLFO G ALAYON	PRESIDENT	12.5	Officer Director	$0	$0	$0
WILLIAM G PERNISEK	TREASURER	1.0	Officer Director	$0	$0	$0
LUCY M VAZQUEZ	SECRETARY	3.0	Officer Director	$0	$0	$0
JOSE MUNIZ	DIRECTOR	3.0	Director	$0	$0	$0
SAMUEL DUNSTON	DIRECTOR	3.0	Director	$0	$0	$0
WILLIAM ANDREWS	DIRECTOR	3.0	Director	$0	$0	$0
HARRY W ALFORD	CONTROLLER	3.0	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
2020	$732,149	$5,214,448	$7,058,340	$-4,482,299
2019	$456,804	$429,450	$11,532,858	$27,354