PARK AVENUE CHARITABLE FUND (EIN 133581286) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

GARY S CASTLE

Phone

2128403456

Tax Period

2024-07-01 to 2025-06-30

PARK AVENUE CHARITABLE FUND, founded in 1990, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $868K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO DISTRIBUTE FUNDS TO OTHER EXEMPT PUBLICLY SUPPORTED CHARITABLE ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $605,752

Program Service Revenue $0

Investment Income $262,364

Other Revenue $0

TOTAL REVENUE $868,116

Expense Breakdown

Grants Paid $1,176,276

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,176,276

Other Expenses $19,699

TOTAL EXPENSES $1,195,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$868,116	$945,477	-0.1%
Expenses	$1,195,975	$1,199,075	0.0%
Net Income	$-327,859	$-253,598	+0.3%

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

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY S CASTLE	PRESIDENT	3.00	Officer Director	$0	$0	$0
GREGORY STRAKHOV	TREAS & CFO (THROUGH 3/14/25)	3.00	Officer Director	$0	$0	$0
MELA GARBER	SECRETARY	3.00	Officer Director	$0	$0	$0
RUSSELL SHINSKY	TREAS & CFO (BEGINNING 3/15/25)	3.00	Officer	$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	$868,116	$1,195,975	$5,330,564	$-327,859
2024	No data	No data	No data	No data
2023	$1,214,506	$1,294,198	$5,724,704	$-79,692
2022	$1,805,381	$1,101,169	$5,837,422	$704,212
2021	$1,234,605	$1,127,376	$5,344,307	$107,229
2020	$1,157,286	$1,021,260	$5,265,653	$136,026
2019	$1,304,819	$1,758,077	$5,077,637	$-453,258
2018	$1,683,954	$1,352,850	$5,466,229	$331,104

PARK AVENUE CHARITABLE FUND