THE FLAG FOUNDATION

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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

2002

Legal Domicile

Principal Officer

THERESA MORGOGLIONE

Phone

4349828779

Tax Period

2020-01-01 to 2020-12-31

Mission

TO PROVIDE UNIQUE AND EXPANDED EDUCATIONAL OPPORTUNITIES TO DESERVING STUDENTS.

Program Service Accomplishments

Program 1

PROVIDE FUNDS FOR SCHOLARSHIPS TO ALLOW STUDENTS TO PARTICIPATE IN EDUCATIONAL TRAVEL PROGRAMS.

Program 2

FINANCIALLY SUPPORT THE EFFORTS OF OTHER QUALIFIED CHARITABLE ORGANIZATIONS WHO SHARE THE FOUNDATION'S GOALS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,906

TOTAL EXPENSES $2,906

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	N/A	N/A
Expenses	$2,906	$4,172	-0.3%
Net Income	N/A	$-4,172	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M HALL	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA BURKETT	DIRECTOR	0.50	Director	$0	$0	$0
THERESA MORGOGLIONE	PRESIDENT	0.50	Officer	$0	$0	$0
WENDY AMATO	SECRETARY AND TREASURER	0.50	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
2020	No data	$2,906	No data	No data
2019	No data	$4,172	$17,847	No data
2018	No data	$3,665	$22,019	No data