NORTH SALEM, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF KAREN INC, founded in 1979, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $4.4M left a modest 4% surplus.
PROVIDES EMOTIONAL, FINANCIAL AND ADVOCACY SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES, IN ORDER TO HELP KEEP THEM STABLE, FUNCTIONING, AND ABLE TO COPE.
FAMILY SUPPORT PROGRAM : IN 2024 FRIENDS OF KAREN PROVIDED PSYCHOSOCIAL, FINANCIAL AND ADVOCACY SUPPORT FOR 1,163 CHILDREN WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES,THEIR SIBLINGS (438 ILL...
FAMILY SUPPORT PROGRAM : IN 2024 FRIENDS OF KAREN PROVIDED PSYCHOSOCIAL, FINANCIAL AND ADVOCACY SUPPORT FOR 1,163 CHILDREN WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES,THEIR SIBLINGS (438 ILL CHILDREN AND 725 SIBLINGS),AND THEIR PARENTS IN 482 FAMILIES, INCLUDING BEREAVED FAMILIES WHOSE CHILD SUCCUMBED TO THEIR ILLNESS. CHILDREN AND THEIR FAMILIES ARE MOST OFTEN REFERRED TO FRIENDS OF KAREN BY SOCIAL WORKERS AT 17 MAJOR HOSPITALS IN NEW YORK, NEW JERSEY AND CONNECTICUT WHERE CHILDREN ARE TREATED IN THE PEDIATRIC ONCOLOGY OR TRANSPLANT UNITS. FRIENDS OF KAREN EMBRACES THE NEEDS OF THE WHOLE FAMILY WHICH IS AFFECTED DEEPLY BY THE CONSEQUENCES OF THE CHILD'S DEVASTATING ILLNESS. (CONTINUED ON SCHEDULE O)THE ORGANIZATION'S COMPREHENSIVE SERVICES, INCLUDING SPECIAL ASSISTANCE FOR SIBLINGS (ONE-ON-ONE AND GROUP ZOOM SESSIONS FOR ABOUT 181 CHILDREN IN 2024). ALL FRIENDS OF KAREN SERVICES ARE PROVIDED AT NO COST TO FAMILIES AND ARE DELIVERED BY LICENSED, SKILLED AND EXPERIENCED SOCIAL WORKERS, CHILD LIFE SPECIALISTS AND CREATIVE ARTS THERAPISTS. FRIENDS OF KAREN'S PROGRAM EXEMPLIFIES THE CURRENT STANDARDS OF PSYCHOSOCIAL CARE FOR CHILDREN WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES AND THEIR FAMILIES. IN ADDITION TO PROVIDING EMOTIONAL SUPPORT AND COVERING ILLNESS-RELATED AND BASIC LIVING EXPENSES FOR A FAMILY WHEN THERE IS A LOSS OF INCOME AS A RESULT OF THE CHILD'S ILLNESS, FRIENDS OF KAREN'S GIFT PROGRAMS OFFERS BIRTHDAY AND HOLIDAY GIFTS TO ILL CHILDREN AND THEIR SIBLINGS, AS WELL AS SCHOOL SUPPLIES. IN 2024 FRIENDS OF KAREN FULFILLED THE HOLIDAY WISHES OF 780 CHILDREN, AND DISTRIBUTED BACK-TO-SCHOOL BACKPACKS AND SCHOOL SUPPLIES TO 701 CHILDREN, AS WELL AS BIRTHDAY GIFTS TO EVERY ILL CHILD AND THEIR SIBLINGS. THE ORGANIZATION PROVIDED FUNDS FOR THANKSGIVING AND HOLIDAY MEALS, AND SUPERMARKET GIFT CARDS AND EMERGENCY FUNDS FOR FOOD YEAR-ROUND TO THE NEEDIEST FAMILIES. THROUGH A SPECIAL FUND, FRIENDS OF KAREN ALSO PROVIDED GIFT CARDS TO PURCHASE CLOTHING AND SHOES FOR ILL CHILDREN, THEIR SIBLINGS AND SOMETIMES THE PARENTS WHOSE RESOURCES ARE STRETCHED TO THE LIMIT DUE TO LOSS OF JOBS OR EMPLOYMENT INTERRUPTIONS AS A RESULT OF THEIR CHILD'S ILLNESS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,597,407 | $3,733,443 | +0.2% |
| Expenses | $4,434,370 | $4,533,117 | 0.0% |
| Net Income | $163,037 | $-799,674 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD SGAGLIO | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURA SALERNO-EVANS | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAMELA HERVEY | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS JOCELYN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHER NAY | BOARD MEMBER (START 4/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| EVAN SCHREIBER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANCISCO BARRENECHEA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GAUTHAM BALIGA | BOARD MEMBER (LOA 9/24-3/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| GINA LODOLINI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN MALAWER | BOARD MEMBER (LOA 9/24-7/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| LOUIS MELTZER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL NIEVES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL ROBERTS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NITIN VERMA | BOARD MEMBER (START 4/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL SMADBECK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SARAH NORRIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN CONNOLLY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| OLUYEMISI OLUWOLE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDITH FACTOR | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$203,300 | $439 | $203,739 |
| THERESA SORRENTINO | DIRECTOR, FINANCE & ADM | 40.00 |
Officer
|
$121,211 | $12,046 | $133,257 |
| RHONDA RYAN | DIRECTOR , FAMILY SUPPORT | 40.00 |
Highest
|
$132,067 | $439 | $132,506 |
| LESLIE BELLISSIMO | REGIONAL DIRECTOR, LI, METRO NYC | 40.00 |
Highest
|
$135,621 | $439 | $136,060 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,597,407 | $4,434,370 | $5,808,249 | $163,037 |
| 2024 | $3,733,443 | $4,533,117 | $5,691,178 | $-799,674 |
| 2023 | $4,382,109 | $4,345,110 | $6,250,678 | $36,999 |
| 2022 | $4,525,124 | $3,957,144 | $6,402,198 | $567,980 |
| 2021 | $3,867,483 | $3,821,262 | $6,415,707 | $46,221 |
| 2020 | $3,796,109 | $4,155,133 | $5,250,287 | $-359,024 |
| 2019 | $3,743,521 | $4,137,629 | $5,999,200 | $-394,108 |
Compare FRIENDS OF KAREN INC with other nonprofits in New York and across the country.