Brooklyn Bar Association Foundation

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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

1966

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Brooklyn Bar Association Foundation, founded in 1966, is a small nonprofit that reported $145K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $199K exceeded revenue, resulting in a 37% operating deficit.

Mission

Furtherance of the legal profession through public education programs, the maintenance of a law library, two pre-law scholarships and one law school scholarship.

Program Service Accomplishments

Program 1

Expenses: $3,549

The Brooklyn Bar Association Foundation, Inc. holds its Foundation Annual Dinner which is attended by the prominent persons and law firms in the legal community. Awards are bestowed upon deserving...

The Brooklyn Bar Association Foundation, Inc. holds its Foundation Annual Dinner which is attended by the prominent persons and law firms in the legal community. Awards are bestowed upon deserving honorees in the judiciary and the bar and sponsors contribute to the financial success of the event. Attendees enjoy the benefits of communing with each other toward the betterment of the legal services provided to the public. The Brooklyn Bar Association Foundation, Inc. continued our award winning Public Education Programs and hold our annual golf outing which is used to support funding of scholarships.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $144,567

TOTAL REVENUE $144,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,257

Fundraising Expenses $19,876

Program Expenses $3,549

Other Expenses $194,520

TOTAL EXPENSES $198,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,567	$170,495	-0.2%
Expenses	$198,777	$102,679	+0.9%
Net Income	$-54,210	$67,816	-1.8%

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

Governance

Voting Members

Independent Members

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	Role	Reportable Comp	Other Comp	Total
Barton L Slavin	Past President	Director	$0	$0	$0
Hon Frank R Seddio	Past President	Director	$0	$0	$0
Manuel A Romero	Past President	Director	$0	$0	$0
Hon Jeffrey S Sunshine	Past President	Director	$0	$0	$0
Rebecca Rose Woodland	Past President	Director	$0	$0	$0
Diana J Szochet	Past President	Director	$0	$0	$0
Hon Nancy T Sunshine	Past President	Director	$0	$0	$0
Mark A Longo	Past President	Director	$0	$0	$0
Marshall G Kaplan	Past President	Director	$0	$0	$0
Hon Barry Kamins	Past President	Director	$0	$0	$0
John Lonuzzi	Past President	Director	$0	$0	$0
Aimee L Richter	Past President	Director	$0	$0	$0
Domenick Napoletano	Past President	Director	$0	$0	$0
John E Murphy	Past President	Director	$0	$0	$0
Christina M Golkin	President-Elect	Director	$0	$0	$0
Antar Patrice Jones	Trustee	Director	$0	$0	$0
Steven Jeffrey Harkavy	Trustee	Director	$0	$0	$0
Charles Fiore	Trustee	Director	$0	$0	$0
Natoya McGhie	Treasurer	Director	$0	$0	$0
Bruno Codispoti	Secretary	Director	$0	$0	$0
Joseph H Farrell	Past President	Director	$0	$0	$0
Hemalee Patel	Trustee	Director	$0	$0	$0
Andrea Caruso	Trustee	Director	$0	$0	$0
Grace Borrino	Trustee	Director	$0	$0	$0
Imran Ansari	Trustee	Director	$0	$0	$0
Dewey Golkin	Trustee	Director	$0	$0	$0
Dean Deliantes	Trustee	Director	$0	$0	$0
Joy Thompson	Trustee	Director	$0	$0	$0
Daniel Miller	Trustee	Director	$0	$0	$0
Scott E Rynecki	Trustee	Director	$0	$0	$0
Angelicque M Moreno	Second Vice President	Director	$0	$0	$0
Dino Mastropietro	Trustee	Director	$0	$0	$0
Roger Bennet Adler	Past President	Director	$0	$0	$0
David M Chidekel	Past President	Director	$0	$0	$0
Pamela Walker	Trustee	Director	$0	$0	$0
Michael Farkas	Trustee	Director	$0	$0	$0
Martin Edelman	Trustee	Director	$0	$0	$0
Daniel Antonelli	First Vice President	Director	$0	$0	$0
Gregory LaSpina	Trustee	Director	$0	$0	$0
Randi L Karmel	Trustee	Director	$0	$0	$0
Jason Friedman	Trustee	Director	$0	$0	$0
Arthur L Aidala	Past President	Director	$0	$0	$0
Andrew S Fisher	Past President	Director	$0	$0	$0
Andrew M Fallek	Past President	Director	$0	$0	$0
David J Doyaga	Past President	Director	$0	$0	$0
Paul A Golinski	Past President	Director	$0	$0	$0
Dominick Giordano	Past President	Director	$0	$0	$0
Ethan B Gerber	Past President	Director	$0	$0	$0
Gregory T Cerchione	Past President	Director	$0	$0	$0
RoseAnn C Branda	Past President	Director	$0	$0	$0
Andrea E Bonina	Past President	Director	$0	$0	$0
Lawrence F DiGiovanna	Past President	Director	$0	$0	$0
Hon Miriam Cyrulnik	Past President	Director	$0	$0	$0
Steven D Cohn	Past President	Director	$0	$0	$0
Richard Klass	Immediate Past President	Officer Director	$0	$0	$0
Armena D Gayle	Past President	Officer Director	$0	$0	$0
Joseph S Rosato	Past President	Officer Director	$0	$0	$0
Anthony W Vaughn Jr	President	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
2025	No data	No data	No data	No data
2024	$144,567	$198,777	$186,392	$-54,210
2023	$170,495	$102,679	$239,908	$67,816
2022	$167,471	$92,200	$188,262	$75,271
2021	$39,741	$136,440	$120,512	$-96,699
2021	$39,741	$136,440	$120,512	$-96,699
2020	$197,253	$209,084	$236,161	$-11,831
2019	$213,473	$197,344	$211,901	$16,129
2018	$199,964	$180,174	$195,729	$19,790