GRAYBEARDS LTD

EIN: 113635931 501(c)(3) Human Services

BELLE HARBOR, NY

Total Revenue
$629,217
Total Expenses
$695,227
Total Assets
$452,315
Net Assets
$452,315
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NY
Principal Officer
JOHN COSGROVE
Phone
7186346812
Tax Period
2023-01-01 to 2023-12-31

GRAYBEARDS LTD, founded in 2001, is a small nonprofit in the Human Services sector that reported $629K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $695K exceeded revenue, resulting in a 10% operating deficit.

Mission

GRAYBEARDS' PROGRAMS ARE HELPFUL IN ESTABLISHING FRIENDSHIPS ON A FIRMER AND LONG LASTING BASIS IN THE AFTERMATH OF THE WORST ACT OF TERRORISM COMMITED AGAINST THE UNITED STATES OF AMERICA ON SEPTEMBER 11, 2001 AND THE DEVASTATING CRASH OF AMERICAN AIRLINES FLIGHT #587. OUR PROGRAMS FOSTER THE GOOD AND WELFARE OF THE COMMUNITY AS WELL AS CARE FOR THOSE IN THE COMMUNITY IN THEIR TIME OF NEED. THIS YEAR, WE ACHIEVED OUR MISSION BY HAVING SEVERAL SOCIAL EVENTS AIMED AT IMPROVING RELATIONSHIPS AND FOR THE PURPOSE OF FUND-RAISING FOR SPECIFIC COMMUNITY RELATED CAUSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $378,872
Program Service Revenue $0
Investment Income $6
Other Revenue $250,339
TOTAL REVENUE $629,217

Expense Breakdown

Grants Paid $544,000
Salaries & Benefits $0
Fundraising Expenses $98,460
Program Expenses $564,083
Other Expenses $151,227
TOTAL EXPENSES $695,227

Year-over-Year Comparison

2023 2022 Change
Revenue $629,217 $697,889 -0.1%
Expenses $695,227 $505,286 +0.4%
Net Income $-66,010 $192,603 -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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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
15
Independent Members
15
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
3
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM MORGAN PRESIDENT 5.00
Officer Director
$0 $0 $0
JOHN COSGROVE TREASURER 5.00
Officer Director
$0 $0 $0
DAN EDWARDS SECRETARY 5.00
Officer Director
$0 $0 $0
JIM MORIARTY MEMBER 5.00
Director
$0 $0 $0
ROCKY DOROGOFF MEMBER 5.00
Director
$0 $0 $0
STEVE STATHIS MEMBER 5.00
Director
$0 $0 $0
BRIAN KING MEMBER 5.00
Director
$0 $0 $0
JEFF MERCER MEMBER 5.00
Director
$0 $0 $0
MICHAEL LEE MEMBER 5.00
Director
$0 $0 $0
JIM MULLEN MEMBER 5.00
Director
$0 $0 $0
JOSEPH O'GRADY MEMBER 5.00
Director
$0 $0 $0
DAN SUGRUE MEMBER 5.00
Director
$0 $0 $0
DAN LEARY MEMBER 5.00
Director
$0 $0 $0
JOHN LAVIN MEMBER 5.00
Director
$0 $0 $0
JOSEPH KEENAN MEMBER 5.00
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
2023 $629,217 $695,227 $452,315 $-66,010
2022 $697,889 $505,286 $522,016 $192,603
2021 $415,474 $397,957 $260,498 $17,517
2020 $388,992 $426,609 $242,981 $-37,617
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