The Nicole Schiffman Foundation

EIN: 116617404 501(c)(3) Education

Mineola, NY

Total Revenue
$6,318
Total Expenses
$7,856
Total Assets
$41,948
Net Assets
$41,948
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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
2007
Legal Domicile
NY
Principal Officer
Ronald Schiffman
Phone
5166506497
Tax Period
2023-03-01 to 2024-02-29

The Nicole Schiffman Foundation, founded in 2007, is a micro nonprofit in the Education sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 24% operating deficit.

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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 $6,283
Program Service Revenue $0
Investment Income $35
Other Revenue $0
TOTAL REVENUE $6,318

Expense Breakdown

Grants Paid $7,135
Salaries & Benefits $0
Fundraising Expenses $344
Program Expenses $7,480
Other Expenses $721
TOTAL EXPENSES $7,856

Year-over-Year Comparison

2023 2022 Change
Revenue $6,318 $13,526 -0.5%
Expenses $7,856 $12,078 -0.3%
Net Income $-1,538 $1,448 -2.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ronald Schiffman Trustee 2.00
Director
$0 $0 $0
Cheryl Schiffman Trustee 2.00
Director
$0 $0 $0
Lindsey Schiffman Trustee 2.00
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
2024 $6,318 $7,856 $41,948 $-1,538
2023 $13,526 $12,078 $43,485 $1,448
2022 $2,131 $7,463 $42,037 $-5,332
2021 $1,531 $7,674 $47,369 $-6,143
2020 $42,159 $31,404 $53,515 $10,755
2019 $15,010 $42,449 $42,760 $-27,439
2018 $28,882 $47,298 $70,199 $-18,416
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