THE SILVER SHIELD FOUNDATION INC

EIN: 133120746 501(c)(3)

NEW YORK, NY

Total Revenue
$650,046
Total Expenses
$644,547
Total Assets
$5,322,873
Net Assets
$5,284,944
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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
1924
Legal Domicile
CT
Principal Officer
WILLIAM WALTERS
Phone
2128321100
Tax Period
2023-01-01 to 2023-12-31

THE SILVER SHIELD FOUNDATION INC, founded in 1924, is a small nonprofit that reported $650K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Net assets of $5.3M represent 98 months of operating reserves.

Mission

PROVIDE EDUCATIONAL SUPPORT FOR THE SURVIVING CHILDREN AND SPOUSES OF UNIFORMED MEMBERS OF THE NYC POLICE, FIRE & EMS DEPTS, NY/NJ PORT AUTHORITY POLICE DEPT, NY, NJ AND CT STATE POLICE, AND ALL POLICE DEPTS ON LONG ISLAND AND IN CT, WHO HAVE LOST THEIR LIVES IN THE LINE OF DUTY.

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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 $688,518
Program Service Revenue $0
Investment Income $6,453
Other Revenue $-44,925
TOTAL REVENUE $650,046

Expense Breakdown

Grants Paid $169,725
Salaries & Benefits $239,241
Fundraising Expenses $78,303
Program Expenses $456,905
Other Expenses $235,581
TOTAL EXPENSES $644,547

Year-over-Year Comparison

2023 2022 Change
Revenue $650,046 $713,326 -0.1%
Expenses $644,547 $712,571 -0.1%
Net Income $5,499 $755 +6.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
2
Volunteers
16

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
$120,000
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD M LORBER CO CHAIRMAN 2.00
Officer Director
$0 $0 $0
WILLIAM WALTERS CO CHAIRMAN 2.00
Officer Director
$0 $0 $0
EDWIN BRODERICK SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
JOSEPH COHEN TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER GOODMAN TRUSTEE 1.00
Director
$0 $0 $0
NICK GOODMAN TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA KALAFER TRUSTEE 1.00
Director
$0 $0 $0
VINCENT LEVIEN TRUSTEE 1.00
Director
$0 $0 $0
TERENCE MONAHAN TRUSTEE 1.00
Director
$0 $0 $0
DAVID MOROSS TRUSTEE 1.00
Director
$0 $0 $0
MARGO MACNABB NEDERLANDER TRUSTEE 1.00
Director
$0 $0 $0
REGINA PERUGGI TRUSTEE 1.00
Director
$0 $0 $0
CHARLES SCARBOROUGH III TRUSTEE 1.00
Director
$0 $0 $0
CRAIG SCHWABE TRUSTEE 1.00
Director
$0 $0 $0
ALAN WAY TRUSTEE 1.00
Director
$0 $0 $0
PETER WORTH TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLEY C FUCHS CHIEF OPERATING OFFICER 35.00
Officer
$120,000 $0 $120,000
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 No data No data No data No data
2023 $650,046 $644,547 $5,322,873 $5,499
2022 $713,326 $712,571 $4,835,859 $755
2021 $1,295,987 $693,467 $5,350,617 $602,520
2020 $649,906 $737,697 $5,014,252 $-87,791
2019 $625,276 $822,862 $4,669,169 $-197,586
2018 $1,034,955 $766,077 $4,277,768 $268,878
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