ALCOMA CORPORATION

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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

1928

Legal Domicile

Principal Officer

HOWARD GRANT SLOANE

Phone

2127440190

Tax Period

2019-01-01 to 2019-12-31

ALCOMA CORPORATION, founded in 1928, is a small nonprofit that reported $951K in total revenue in fiscal year 2019. The organization ran a surplus of $942K, a strong 99% operating margin.

Mission

TO HOLD TITLE TO INVESTMENT ASSETS, COLLECT THE INCOME THEREFROM, AND, AFTER PAYING EXPENSES, DISTRIBUTE ALL OF ITS NET INCOME EACH YEAR TO THE HECKSCHER FOUNDATION FOR CHILDREN, AN ORGANIZATION WHICH IS EXEMPT FROM TAX UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

ON DECEMBER 15, 1997, A RESTATED CERTIFICATE OF INCORPORATION WAS FILED WITH THE DELAWARE SECRETARY OF STATE, PROVIDING THAT THE CORPORATION'S SOLE ACTIVITY WILL BE TO HOLD TITLE TO MARKETABLE...

ON DECEMBER 15, 1997, A RESTATED CERTIFICATE OF INCORPORATION WAS FILED WITH THE DELAWARE SECRETARY OF STATE, PROVIDING THAT THE CORPORATION'S SOLE ACTIVITY WILL BE TO HOLD TITLE TO MARKETABLE SECURITIES, MORTGAGES, OR OTHER RECEIVABLES, AND REAL PROPERTY AND/OR DIRECT OR INDIRECT INTERESTS IN REAL PROPERTY, COLLECT THE INCOME THEREFROM, AND, AFTER PAYING EXPENSES, DISTRIBUTE ALL OF ITS NET INCOME EACH YEAR TO THE HECKSCHER FOUNDATION FOR CHILDREN, AN ORGANIZATION WHICH IS EXEMPT FROM TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $964,086

Other Revenue $-12,784

TOTAL REVENUE $951,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,026

TOTAL EXPENSES $9,026

Year-over-Year Comparison

	2019	2018	Change
Revenue	$951,302	$-3,597	-265.5%
Expenses	$9,026	$15,071	-0.4%
Net Income	$942,276	$-18,668	-51.5%

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

$464,718

Total Directors