MANHASSET EDUCATION ASSOC TRUST FUND (EIN 116399998) - 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

Michael Faraci

Phone

5166278035

Tax Period

2024-07-01 to 2025-06-30

MANHASSET EDUCATION ASSOC TRUST FUND, founded in 1991, is a small nonprofit that reported $428K in total revenue in fiscal year 2024. Expenses of $486K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE SUPPLEMENTAL BENEFITS TO ELIGIBLE PARTICIPANTS COVERED BY A COLLECTIVE BARGAINING AGREEMENT.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $412,470

Investment Income $15,241

Other Revenue $0

TOTAL REVENUE $427,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,929

Fundraising Expenses $0

Other Expenses $40,421

TOTAL EXPENSES $486,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$427,711	$398,793	+0.1%
Expenses	$486,113	$456,291	+0.1%
Net Income	$-58,402	$-57,498	+0.0%

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

N/A

Employees

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

$18,986

Total Directors

$23,281

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FARACI	Chairperson	10.00	Officer Director	$10,491	$0	$10,491
BRIAN KATZ	Treasurer	8.00	Officer Director	$6,468	$0	$6,468
ELIZABETH O'SHEA-BEDARD	Secretary	3.00	Officer Director	$2,027	$0	$2,027
FRANK RUSSO	Trustee	2.00	Director	$1,263	$0	$1,263
MELINDA SMITH	Trustee	2.00	Director	$1,263	$0	$1,263
CLAYTON PUCCIO	Trustee	2.00	Director	$1,263	$0	$1,263
DAVID RUPP	Trustee	2.00	Director	$506	$0	$506

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	$427,711	$486,113	$471,511	$-58,402
2024	No data	No data	No data	No data
2023	$435,345	$490,498	$607,279	$-55,153
2022	$435,285	$461,243	$653,995	$-25,958
2021	$439,143	$479,677	$682,007	$-40,534
2020	$424,791	$413,455	$710,719	$11,336
2019	$401,638	$477,555	$741,188	$-75,917
2018	$422,583	$422,180	$784,775	$403

MANHASSET EDUCATION ASSOC TRUST FUND