THE DOCTOR THEODORE A ATLAS FOUNDATION INC

EIN: 134012789 501(c)(3) Philanthropy & Grantmaking

STATEN ISLAND, NY

Total Revenue
$733,745
Total Expenses
$671,609
Total Assets
$1,659,863
Net Assets
$1,628,505
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
THEODORE A ATLAS JR
Phone
7189807037
Tax Period
2023-01-01 to 2023-12-31

THE DOCTOR THEODORE A ATLAS FOUNDATION INC, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $734K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $672K left a modest 8% surplus.

Mission

TO HONOR THE MEMORY OF DR. THEODORE A. ATLAS SR, MD. AS A COMMUNITY SERVICE ORGANIZATION IT PROVIDES FINANCIAL AND EMOTIONAL SUPPORT TO INDIVIDUALS AND ORGANIZATIONS IN NEED AND FOCUSES PARTICULARLY ON THE NEEDS OF CHILDREN.

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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 $373,325
Program Service Revenue $0
Investment Income $14,668
Other Revenue $345,752
TOTAL REVENUE $733,745

Expense Breakdown

Grants Paid $209,960
Salaries & Benefits $105,398
Fundraising Expenses $62,622
Program Expenses $542,040
Other Expenses $356,251
TOTAL EXPENSES $671,609

Year-over-Year Comparison

2023 2022 Change
Revenue $733,745 $596,378 +0.2%
Expenses $671,609 $557,841 +0.2%
Net Income $62,136 $38,537 +0.6%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
100

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
1
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE ATLAS TREASURER N/A
Director
$0 $0 $0
NICOLE ATLAS DIRECTOR N/A
Director
$0 $0 $0
DAVID BERLIN DIRECTOR N/A
Director
$0 $0 $0
JOSEPH FAMA DIRECTOR N/A
Director
$0 $0 $0
GIANA GIGANTE SECRETARY N/A
Director
$0 $0 $0
THEODORE ATLAS III DIRECTOR N/A
Director
$0 $0 $0
THEODORE A ATLAS JR CHAIRMAN N/A
Officer Director
$0 $0 $0
HOWARD KATZ DIRECTOR N/A
Director
$0 $0 $0
SCOTT KATZ DIRECTOR N/A
Director
$0 $0 $0
PAUL QUATTROCCHI DIRECTOR N/A
Director
$0 $0 $0
PASQUALE RUSSO DIRECTOR N/A
Director
$0 $0 $0
KEITH SULLIVAN VICE CHAIRMA N/A
Director
$0 $0 $0
THOMAS VERRENGIA DIRECTOR N/A
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
2024 No data No data No data No data
2023 $733,745 $671,609 $1,659,863 $62,136
2022 $596,378 $557,841 $1,584,670 $38,537
2021 $549,766 $505,318 $1,584,465 $44,448
2020 $454,534 $419,824 $1,527,302 $34,710
2019 $529,132 $450,977 $1,482,801 $78,155
2018 $511,422 $441,076 $1,397,477 $70,346
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