FRIENDS OF THE ARC FOUNDATION INC (EIN 161399590) - 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

1991

Legal Domicile

Principal Officer

KAREN KOROTZER

Phone

3157356477

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE ARC FOUNDATION INC, founded in 1991, is a small nonprofit that reported $122K in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 95% operating margin.

Mission

TO CONDUCT FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE ARC ONEIDA-LEWIS CHAPTER NYSARC.

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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 $250

Program Service Revenue $0

Investment Income $13,646

Other Revenue $107,684

TOTAL REVENUE $121,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $350

Other Expenses $6,439

TOTAL EXPENSES $6,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,580	$60,368	+1.0%
Expenses	$6,439	$10,279	-0.4%
Net Income	$115,141	$50,089	+1.3%

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

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
MICHAEL ALSHEIMER	MEMBER	1.00	Director	$0	$0	$0
ANTHONY BATTAGLIA	MEMBER	1.00	Director	$0	$0	$0
MICHAEL GALIME	MEMBER	1.00	Director	$0	$0	$0
LEE HINKLEMAN	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
GAIL MANFREDO	MEMBER	1.00	Director	$0	$0	$0
PATRICK MCGRATH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GREGORY RAAB	MEMBER	1.00	Director	$0	$0	$0
AL TAHAN	MEMBER	1.00	Director	$0	$0	$0
STEVE ZOGBY	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN KOROTZER	CEO	1.00	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
2025	$121,580	$6,439	No data	$115,141
2024	$60,368	$10,279	$2,085,868	$50,089
2023	$179,260	$165,524	$1,867,008	$13,736
2022	$144,609	$136,680	$1,764,519	$7,929
2021	$213,602	$118,347	$2,002,056	$95,255
2020	$108,717	$188,732	$1,702,048	$-80,015
2019	$199,417	$133,458	$1,683,242	$65,959

FRIENDS OF THE ARC FOUNDATION INC