TOURO LAW CENTER DEVELOPMENT FOUNDATION (EIN 133922718) - 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

1996

Legal Domicile

Principal Officer

ELENA LANGAN

Phone

6465656000

Tax Period

2024-07-01 to 2025-06-30

TOURO LAW CENTER DEVELOPMENT FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $366K in total revenue in fiscal year 2024. Revenue surged 247% from the prior year, signaling strong growth momentum. The organization ran a surplus of $326K, a strong 89% operating margin.

Mission

TO PROMOTE AND SUPPORT THE JACOB D. FUCHSBERG LAW CENTER OF TOURO UNIVERSITY.

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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 $45,856

Program Service Revenue $0

Investment Income $309,121

Other Revenue $11,500

TOTAL REVENUE $366,477

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,000

Other Expenses $28,652

TOTAL EXPENSES $40,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$366,477	$105,696	+2.5%
Expenses	$40,652	$29,964	+0.4%
Net Income	$325,825	$75,732	+3.3%

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

$380,854

Total Directors

$1,065,844

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA SALKIN	TRUSTEE	0.50	Director	$0	$114,985	$628,919
ELENA LANGAN	PRESIDENT AND TRUSTEE	0.50	Officer Director	$0	$29,880	$380,854
ALAN FUCHSBERG	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD GLICKSTEIN	TRUSTEE	1.00	Director	$0	$12,608	$56,071
BRUCE GOULD	TRUSTEE	1.00	Director	$0	$0	$0
JOTHY NARENDRAN	TRUSTEE	1.00	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
2025	$366,477	$40,652	$6,067,802	$325,825
2024	$105,696	$29,964	$5,506,810	$75,732
2023	$267,980	$20,502	$4,892,654	$247,478
2022	$466,907	$65,775	$4,611,354	$401,132
2021	$143,983	$85,219	$5,003,565	$58,764
2020	$316,385	$48,582	$4,562,860	$267,803
2019	$248,885	$56,808	$4,577,778	$192,077
2018	$153,327	$57,129	$4,433,761	$96,198

TOURO LAW CENTER DEVELOPMENT FOUNDATION