The Thomas M Brennan Memorial Foundation Inc

EIN: 200106661 501(c)(3) Education

Mount Vernon, NY

Total Revenue
$112,556
Total Expenses
$166,557
Total Assets
$1,474,916
Net Assets
$1,402,066
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CT
Principal Officer
Pete A Meyers President
Phone
9145485674
Tax Period
2025-01-01 to 2025-12-31

The Thomas M Brennan Memorial Foundation Inc, founded in 2003, is a small nonprofit in the Education sector that reported $113K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $167K exceeded revenue, resulting in a 48% operating deficit.

Mission

The Foundation exists to honor the memory of Thomas M. Brennan, who was killed on September 11, 2001. The Foundation's primary mission is funding scholarships at Boston College in Tom's memory for students in need of financial assistance.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $48,273
Program Service Revenue $0
Investment Income $64,283
Other Revenue $0
TOTAL REVENUE $112,556

Expense Breakdown

Grants Paid $158,474
Salaries & Benefits $0
Fundraising Expenses $409
Program Expenses $158,474
Other Expenses $8,083
TOTAL EXPENSES $166,557

Year-over-Year Comparison

2025 2024 Change
Revenue $112,556 $144,643 -0.2%
Expenses $166,557 $155,290 +0.1%
Net Income $-54,001 $-10,647 +4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
Pete A Meyers President+Treas 2.00
Officer Director
$0 $0 $0
Robert J Saville Vice President 0.50
Officer Director
$0 $0 $0
Jennifer B Waterhouse Secretary 2.00
Officer Director
$0 $0 $0
Steve Marconi Director 0.50
Director
$0 $0 $0
John Scola Director 0.50
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
2025 $112,556 $166,557 $1,474,916 $-54,001
2024 $144,643 $155,290 $1,512,833 $-10,647
2023 $196,041 $145,400 $1,511,762 $50,641
2022 $96,818 $140,592 $1,396,727 $-43,774
2021 $155,843 $126,456 $1,668,142 $29,387
2020 $106,560 $115,546 $1,663,528 $-8,986
2019 $130,058 $97,448 $1,643,197 $32,610
2018 $232,987 $98,966 $2,012,529 $134,021
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare The Thomas M Brennan Memorial Foundation Inc with other nonprofits in New York and across the country.