Larchmont Friends Of The Family

EIN: 133926439 501(c)(3) Community Improvement

Larchmont, NY

Total Revenue
$163,104
Total Expenses
$79,716
Total Assets
$259,224
Net Assets
$259,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
John McGarr
Phone
9148341648
Tax Period
2023-01-01 to 2023-12-31

Larchmont Friends Of The Family, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $163K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 51% operating margin.

Mission

Larchmont Friends of the Family, Inc. is a not for profit, nonsectarian, charitable organization, intended to assist families with significant ties to the Larchmont community. Formed by Larchmont residents, its purpose is to mitigate the trama faced by a family with dependent children when a parent or child dies or suffers a castastrophic illness. Where needed, financial and support services and volunteer efforts will be provided on a short term basis only and are intended merely to provide some stabilization of the family in the midst of a crisis until the family members are able to thoughtfully consider and adjust to their new realities.

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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 $0
Program Service Revenue $0
Investment Income $1,973
Other Revenue $161,131
TOTAL REVENUE $163,104

Expense Breakdown

Grants Paid $75,010
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79,716
Other Expenses $4,706
TOTAL EXPENSES $79,716

Year-over-Year Comparison

2023 2022 Change
Revenue $163,104 $128,180 +0.3%
Expenses $79,716 $121,697 -0.3%
Net Income $83,388 $6,483 +11.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeryl Hofmann Director 4.00
Director
$0 $0 $0
Mary Stein Director 4.00
Director
$0 $0 $0
Mark Levy PhD Director 4.00
Director
$0 $0 $0
Cythia Yaslowitz MD Director 4.00
Director
$0 $0 $0
Emily Bender Advisor 4.00
Director
$0 $0 $0
Tina Sadarangani PhD President 8.00
Officer
$0 $0 $0
Audrey Smith Secretary 3.00
Officer
$0 $0 $0
John McGarr Treasurer 4.00
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
2024 No data No data No data No data
2023 $163,104 $79,716 $259,224 $83,388
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