MILL NECK 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

1979

Legal Domicile

Principal Officer

ADRIANO RANIERI

Phone

5166284280

Tax Period

2024-01-01 to 2024-12-31

MILL NECK FOUNDATION INC, founded in 1979, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.4M exceeded revenue, resulting in a 73% operating deficit.

Mission

THE MISSION OF THE FOUNDATION IS TO ENCOURAGE THE INCLUSION OF DEAF PEOPLE IN ALL FACETS OF SOCIETY: RELIGION, EDUCATIONAL, SOCIAL AND VOCATIONAL. AMONG ITS PRIORITIES IS ACCESSIBILITY TO QUALITY EDUCATIONAL PROGRAMS, THE EVANGELISM OF DEAF PEOPLE BY TRAINED CHRISTIAN CLERGY, AND THE PUBLICATION/PRODUCTION OF SPECIALIZED MATERIALS FOR USE WITH DEAF PERSONS IN RELIGIOUS AND EDUCATIONAL SETTINGS.

Program Service Accomplishments

Program 1

Expenses: $146,702

GRANTS AWARDED - SINCE 1978 THE MILL NECK FOUNDATION HAS GRANTED APPROXIMATELY $8,500,000 TO ORGANIZATIONS WORLDWIDE THAT PROVIDE INCLUSION OPPORTUNITIES FOR DEAF PEOPLE IN EDUCATIONAL, VOCATIONAL...

GRANTS AWARDED - SINCE 1978 THE MILL NECK FOUNDATION HAS GRANTED APPROXIMATELY $8,500,000 TO ORGANIZATIONS WORLDWIDE THAT PROVIDE INCLUSION OPPORTUNITIES FOR DEAF PEOPLE IN EDUCATIONAL, VOCATIONAL, AND RELIGIOUS SETTINGS. THE FOUNDATION HAS FUNDED PROGRAMS TO TRAIN LUTHERAN PASTORS AND LAY PEOPLE TO INCLUDE DEAF PEOPLE IN THEIR CONGREGATIONS. THE FOUNDATION AND ITS VALUED DONORS HAVE ALSO PROVIDED ANNUAL SUPPORT TO THE MILL NECK MANOR SCHOOL FOR THE DEAF, MILL NECK SERVICES, AND LUTHERAN FRIENDS OF THE DEAF, INC. THE ORGANIZATIONS FUNDED BY THE FOUNDATION PROVIDE SIGNIFICANT SERVICES TO INDIVIDUALS WHO ARE HEARING IMPAIRED AND PROVIDE A TREMENDOUS LEVEL OF SOCIAL IMPACT THAT WOULD NOT BE POSSIBLE WITHOUT THE SUPPORT OF THE FOUNDATION.

Program 2

Expenses: $62,126 Revenue: $220,707

MANOR HOUSE - PROVIDES TOURS OF THE MANOR HOUSE WHICH WAS THE ORIGINAL MILL NECK MANOR SCHOOL FOR THE DEAF. THE TOURS NOT ONLY SHARE THE HISTORY OF THE FORMER OWNER BUT SHARE INFORMATION ABOUT THE...

MANOR HOUSE - PROVIDES TOURS OF THE MANOR HOUSE WHICH WAS THE ORIGINAL MILL NECK MANOR SCHOOL FOR THE DEAF. THE TOURS NOT ONLY SHARE THE HISTORY OF THE FORMER OWNER BUT SHARE INFORMATION ABOUT THE SCHOOL, MILL NECK SERVICES, AND THE ISSUES FACING THOSE WHO ARE HEARING IMPAIRED. THE MANOR HOUSE IS ALSO USED BY MOVIE AND TV FILM CREWS. THE FUNDS ARE USED TO SUPPORT THE MAINTENANCE OF THE BUILDING.

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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 $669,097

Program Service Revenue $506,569

Investment Income $0

Other Revenue $188,894

TOTAL REVENUE $1,364,560

Expense Breakdown

Grants Paid $146,702

Salaries & Benefits $1,264,650

Fundraising Expenses $471,877

Program Expenses $208,828

Other Expenses $945,497

TOTAL EXPENSES $2,356,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,364,560	$1,236,001	+0.1%
Expenses	$2,356,849	$2,644,564	-0.1%
Net Income	$-992,289	$-1,408,563	-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

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

$388,102

Total Directors

$487,758

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CHARON	CHAIRMAN	12.00	Officer Director	$0	$0	$0
REV DR DAVID H BENKE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN FREDERICH	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE ODDO	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE BISSO	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY WALTON	TRUSTEE	1.00	Director	$0	$0	$0
DANILO TORRES	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH DIBARTOLO	TRUSTEE	1.00	Director	$0	$0	$0
TOULA RAMEY	DIRECTOR OF DEVELOPMENT	40.00	Director	$99,656	$0	$99,656
TIM CHARON	INTERIM COO	9.00	Officer Director	$0	$40,405	$210,497
ADRIANO RANIERI	CFO	9.00	Officer Director	$0	$44,827	$177,605

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	$1,364,560	$2,356,849	$28,762,092	$-992,289
2023	$1,236,001	$2,644,564	$27,832,331	$-1,408,563
2022	$2,093,839	$2,660,517	$26,410,586	$-566,678
2021	$1,972,327	$3,304,969	$27,242,239	$-1,332,642
2020	$1,396,036	$2,051,825	$26,531,645	$-655,789
2019	$1,018,397	$3,938,157	$24,786,662	$-2,919,760
2018	$3,376,518	$3,129,136	$24,363,625	$247,382