THE ARMORY FOUNDATION (EIN 133680286) - 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

1992

Legal Domicile

Phone

2129231803

Tax Period

2023-07-01 to 2024-06-30

THE ARMORY FOUNDATION, founded in 1992, is a community nonprofit in the Unknown sector that reported $9.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $10.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ARMORY FOUNDATION IS DEDICATED TO SERVING YOUTH AND ITS COMMUNITY BY PROMOTING FITNESS AND EDUCATION THROUGH A BROAD RANGE OF ATHLETIC, EDUCATIONAL AND COMMUNITY PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,050,963

Program Service Revenue $3,059,127

Investment Income $110,775

Other Revenue $1,019,001

TOTAL REVENUE $9,239,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,691,052

Fundraising Expenses $134,753

Program Expenses $9,822,418

Other Expenses $6,581,471

TOTAL EXPENSES $10,272,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,239,866	$7,765,283	+0.2%
Expenses	$10,272,523	$8,191,894	+0.3%
Net Income	$-1,032,657	$-426,611	+1.4%

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

127

Volunteers

508

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

$974,522

Total Directors

$760,644

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD STERN	TREASURER	2.0	Officer Director	$0	$0	$0
JONATHAN B SCHINDEL	CO-PRESIDENT	40.0	Officer Director	$351,440	$29,955	$381,395
MICHAEL BLUM	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
MICHAEL FRANKFURT	CHAIRMAN	2.0	Officer Director	$0	$0	$0
RITA M FINKEL	CO-PRESIDENT	40.0	Officer Director	$363,771	$15,478	$379,249
SANDRA HARRIS	SECRETARY	2.0	Officer Director	$0	$0	$0
ANDREW HOGUE	DIRECTOR	2.0	Director	$0	$0	$0
CHRIS BILSKY	DIRECTOR	2.0	Director	$0	$0	$0
JACQUELINE VALOUCH	DIRECTOR	2.0	Director	$0	$0	$0
JANE OTT	DIRECTOR	2.0	Director	$0	$0	$0
JOHN JENKINS	DIRECTOR	2.0	Director	$0	$0	$0
KERRI DONNER	DIRECTOR	2.0	Director	$0	$0	$0
LISA STONE	DIRECTOR	2.0	Director	$0	$0	$0
MARIA LUNA	DIRECTOR	2.0	Director	$0	$0	$0
MARY BETH HOGAN	DIRECTOR	2.0	Director	$0	$0	$0
MARY DARLING	DIRECTOR	2.0	Director	$0	$0	$0
MICHAEL YAKER	DIRECTOR	2.0	Director	$0	$0	$0
REMYSELL SALAS	DIRECTOR	2.0	Director	$0	$0	$0
ROBERT ESNARD	DIRECTOR	2.0	Director	$0	$0	$0
WENDY HILLIARD	DIRECTOR	2.0	Director	$0	$0	$0
GLENNIS A AQUINO-GIL	CHIEF OPERATING OFFICER	40.0	Officer	$212,878	$1,000	$213,878
Clayton D Harding	Director of College Admissions	40.0	Highest	$119,104	$1,000	$120,104
JOHN CARPENTER	DIRECTOR OF FACILITIES	40.0	Highest	$141,669	$15,478	$157,147
KENNETH DWYER	BUILDING MANAGER	40.0	Highest	$134,855	$15,478	$150,333
Mary Rose Synek	Dir. of Writing Institute	40.0	Highest	$120,836	$15,478	$136,314
Tom Healy	Director of Operations	40.0	Highest	$113,515	$1,000	$114,515

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	$9,239,866	$10,272,523	$14,008,903	$-1,032,657
2023	$8,712,260	$8,766,987	$10,550,500	$-54,727
2023	$7,765,283	$8,191,894	$9,551,686	$-426,611
2022	$8,230,990	$7,905,763	$10,796,175	$325,227
2021	$6,508,485	$4,567,316	$12,095,607	$1,941,169
2020	$7,445,185	$7,226,541	$9,571,328	$218,644
2019	$6,143,284	$6,777,181	$7,937,060	$-633,897
2018	$8,943,213	$7,121,887	$9,509,777	$1,821,326
2018	$8,943,213	$7,121,887	$9,509,777	$1,821,326

THE ARMORY FOUNDATION