TOWER FOUNDATION OF MANHASSET INC (EIN 113055013) - 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

1991

Legal Domicile

Principal Officer

Vicky Giouroukakis

Phone

5163655880

Tax Period

2023-01-01 to 2023-12-31

TOWER FOUNDATION OF MANHASSET INC, founded in 1991, is a small nonprofit that reported $114K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $155K exceeded revenue, resulting in a 36% operating deficit.

Mission

To provide support of education in the Manhasset Public Schools. The Foundation is similar to the endowment of a college or prep school.

🔒

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 $19,153

Program Service Revenue $0

Investment Income $14,675

Other Revenue $80,121

TOTAL REVENUE $113,949

Expense Breakdown

Grants Paid $140,378

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,159

Other Expenses $14,171

TOTAL EXPENSES $154,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,949	$158,706	-0.3%
Expenses	$154,549	$43,075	+2.6%
Net Income	$-40,600	$115,631	-1.4%

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

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
Vicky Giouroukakis	CO-PRESIDENT	N/A	Officer Director	$0	$0	$0
Christina Pullo Daloia	CO-PRESIDENT	N/A	Officer Director	$0	$0	$0
Caroline Smith	Vice President	N/A	Officer Director	$0	$0	$0
Argie Vatakis	Vice President	N/A	Officer Director	$0	$0	$0
Anna Mihalos	Secretary	N/A	Officer Director	$0	$0	$0
Robin Liu	Treasurer	N/A	Officer	$0	$0	$0
Dina Camera	Director	N/A	Director	$0	$0	$0
Alicia Cho	Director	N/A	Director	$0	$0	$0
Kristina Choe	Director	N/A	Director	$0	$0	$0
Daniela Eli	Director	N/A	Director	$0	$0	$0
Angelic Durante	Director	N/A	Director	$0	$0	$0
Jaime Zito	Director	N/A	Director	$0	$0	$0
Abigail Kasselakis	Director	N/A	Director	$0	$0	$0
Amanda Marino	DIRECTOR	N/A	Director	$0	$0	$0
Eric Linder	DIRECTOR	N/A	Director	$0	$0	$0
Elena Vases	Director	N/A	Director	$0	$0	$0
Antonietta Manzi	Director	N/A	Director	$0	$0	$0
Kimberly Mancini	Director	N/A	Director	$0	$0	$0
Angela Panousopoulos	Director	N/A	Director	$0	$0	$0
Julia Petropoulos	Director	N/A	Director	$0	$0	$0
Kristin Stevens	Director	N/A	Director	$0	$0	$0
Kate Zublionis	Director	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	No data	No data	No data	No data
2023	$113,949	$154,549	$645,199	$-40,600
2022	$158,706	$43,075	$685,799	$115,631
2021	$40,965	$79,372	$570,168	$-38,407
2020	$182,367	$69,159	$608,575	$113,208
2019	$140,006	$142,362	$495,367	$-2,356
2018	$201,196	$21,800	$500,273	$179,396

TOWER FOUNDATION OF MANHASSET INC