HERRICKS COMMUNITY FUND INC

EIN: 112850565 501(c)(3) Philanthropy & Grantmaking

NEW HYDE PARK, NY

Total Revenue
$437,274
Total Expenses
$423,826
Total Assets
$443,128
Net Assets
$358,389
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
PAUL EHRBAR
Phone
5167421926
Tax Period
2024-06-01 to 2025-05-31

HERRICKS COMMUNITY FUND INC, founded in 1986, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $437K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $424K left a modest 3% surplus.

Mission

RAISING MONEY AND MAINTAINING A FUND TO BE USED IN MAKING CONTRIBUTIONS AND GRANTS, AND FOR ASSISTING WITH PROGRAMS IN THE COMMUNITY AND IN THE HERRICKS UNION FREE SCHOOL DISTRICT

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $299,482
Program Service Revenue $19,165
Investment Income $4,864
Other Revenue $113,763
TOTAL REVENUE $437,274

Expense Breakdown

Grants Paid $14,207
Salaries & Benefits $185,886
Fundraising Expenses $0
Program Expenses $406,567
Other Expenses $223,733
TOTAL EXPENSES $423,826

Year-over-Year Comparison

2024 2023 Change
Revenue $437,274 $380,152 +0.2%
Expenses $423,826 $425,029 0.0%
Net Income $13,448 $-44,877 -1.3%
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

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Governance

Voting Members
12
Independent Members
8
Employees
119
Volunteers
16

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
6
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL EHRBAR CO-PRESIDENT 4.00
Officer Director
$0 $0 $0
IONA J DAVIS CO-PRESIDENT 4.00
Officer Director
$0 $0 $0
GARY DAVIS 1ST CO-VP 1.00
Officer Director
$0 $0 $0
DOREEN EHRBAR 1ST CO-VP 1.00
Officer Director
$0 $0 $0
RICHARD DEMARTINO 2ND CO-VP 1.00
Officer Director
$0 $0 $0
CAROL HAYES Secretary 1.00
Officer Director
$0 $0 $0
HARISH CHUGH Trustee 0.50
Director
$0 $0 $0
BRIAN HASSAN Trustee 0.50
Director
$0 $0 $0
SUSAN HEINSOHN Trustee 0.50
Director
$0 $0 $0
ROSE MCCARTHY Trustee 0.50
Director
$0 $0 $0
ISABEL MILONE Trustee 0.50
Director
$0 $0 $0
ELIZABETH NAPOLITANO Trustee 0.50
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
2025 $437,274 $423,826 $443,128 $13,448
2024 $380,152 $425,029 $446,703 $-44,877
2023 $331,256 $322,240 $544,058 $9,016
2022 $235,228 $278,148 $445,149 $-42,920
2021 $173,981 $188,171 $459,184 $-14,190
2020 $146,444 $125,206 $465,347 $21,238
2019 $143,424 $124,095 $487,509 $19,329
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