Needlers Foundation (EIN 112543741) - 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

1973

Legal Domicile

Principal Officer

Joseph Ferrone

Phone

9179690208

Tax Period

2023-01-01 to 2023-12-31

Needlers Foundation, founded in 1973, is a small nonprofit that reported $167K in total revenue in fiscal year 2023. Expenses of $156K left a modest 7% surplus.

Mission

Raise funds for neurological surgeries for underprivileged children

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $167,127

TOTAL REVENUE $167,127

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,000

Other Expenses $5,857

TOTAL EXPENSES $155,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,127	N/A	N/A
Expenses	$155,857	N/A	N/A
Net Income	$11,270	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Ferrone	Treasurer	2.00	Officer Director	$0	$0	$0
Nicole Radumski	President	2.00	Officer Director	$0	$0	$0
Douglas Taliaferro	Vice President	2.00	Officer Director	$0	$0	$0
Jack Hendler	Vice President	2.00	Officer Director	$0	$0	$0
Gary Vessecchia	Vice President	2.00	Officer Director	$0	$0	$0
Barry Resnick	Vice President	2.00	Officer Director	$0	$0	$0
Sarah Ragusa	Vice President	2.00	Officer Director	$0	$0	$0
Craig Miller	Vice President	2.00	Officer Director	$0	$0	$0
Mary Ellen Bianco	Vice President	2.00	Officer 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	No data	No data	No data	No data
2023	$167,127	$155,857	$89,549	$11,270
2022	$263,229	$320,283	$78,279	$-57,054
2019	$212,461	$223,571	$70,736	$-11,110
2018	$243,686	$227,114	$81,846	$16,572

Needlers Foundation