THE AMI FOUNDATION

EIN: 113676863 501(c)(3) Philanthropy & Grantmaking

WEST ATLANTIC CITY, NJ

Total Revenue
$188,685
Total Expenses
$214,344
Total Assets
$114,493
Net Assets
$72,642
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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
2003
Legal Domicile
NJ
Principal Officer
SERGEY LESHCHINSKIY MD
Phone
6096538219
Tax Period
2023-01-01 to 2023-12-31

THE AMI FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $189K in total revenue in fiscal year 2023. Expenses of $214K exceeded revenue, resulting in a 14% operating deficit.

Mission

FUND RAISING EVENTS TO BENEFIT OTHER CHARITABLE ORGANIZATIONS THAT SUPPORT THE HEALTH AND WELL-BEING OF COMMUNITY RESIDENTS.

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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 $91,069
Program Service Revenue $48,000
Investment Income $1,898
Other Revenue $47,718
TOTAL REVENUE $188,685

Expense Breakdown

Grants Paid $99,851
Salaries & Benefits $0
Fundraising Expenses $12,187
Program Expenses $202,157
Other Expenses $114,493
TOTAL EXPENSES $214,344

Year-over-Year Comparison

2023 2022 Change
Revenue $188,685 $193,740 0.0%
Expenses $214,344 $284,470 -0.2%
Net Income $-25,659 $-90,730 -0.7%
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
11
Independent Members
11
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET C AVAGLIANO MD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DAVID LEVI SECRETARY 0.50
Officer Director
$0 $0 $0
CHANDNI BHIMANI TREASURER 0.50
Officer Director
$0 $0 $0
SERGEY LESHCHINSKIY PRESIDENT 0.50
Officer Director
$0 $0 $0
MICHAEL JENORIKI TRUSTEE 0.50
Director
$0 $0 $0
MYRA FINN WEDMID TRUSTEE 0.50
Director
$0 $0 $0
NANCY HAUGH TRUSTEE 0.50
Director
$0 $0 $0
DESIRREE PALUMBO TRUSTEE 0.50
Director
$0 $0 $0
CARLA WYATT TRUSTEE 0.50
Director
$0 $0 $0
DANIEL SEIDERS TRUSTEE 0.50
Director
$0 $0 $0
THOMAS J FARREN SR EDD 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 No data No data No data No data
2024 No data No data No data No data
2023 $188,685 $214,344 $114,493 $-25,659
2022 $193,740 $284,470 $180,863 $-90,730
2021 $165,837 $199,956 $310,744 $-34,119
2020 $113,970 $236,062 $382,953 $-122,092
2019 $234,113 $251,953 $541,957 $-17,840
2018 $215,629 $187,068 $363,082 $28,561
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