VERRAZANO ROTARY CHARITABLE FOUNDA… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

JOSEPH CARUANA

Phone

7186301404

Tax Period

2022-01-01 to 2022-12-31

VERRAZANO ROTARY CHARITABLE FOUNDATION, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $138K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $484K represent 42 months of operating reserves.

Mission

PURPOSE IS TO RECEIVE CHARITABLE DONATIONS AND TO DISTRIBUTE TO OTHER QUALIFIED CHARITABLE ORGANIZATIONS UNDER SECT 501C(3)

Program Service Accomplishments

Program 1

Expenses: $142,242 Revenue: $138,401

SPONSOR SPECIAL EVENTS AND FUNDRAISER ACTIVITIES TO RAISE MONEY TO BE DISTRIBUTED TO OTHER CHARITABLE ORGANIZATIONS. SPECIAL EVENTS INCLUDE FASHION SHOW, DINNER DANCE, AND GOLF OUTING

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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 (2022)

Revenue Breakdown

Contributions & Grants $128,591

Program Service Revenue $0

Investment Income $0

Other Revenue $9,810

TOTAL REVENUE $138,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,242

Other Expenses $142,242

TOTAL EXPENSES $142,242

Year-over-Year Comparison

	2022	2021	Change
Revenue	$138,401	$124,520	+0.1%
Expenses	$142,242	$89,270	+0.6%
Net Income	$-3,841	$35,250	-1.1%

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

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	Role	Reportable Comp	Other Comp	Total
JOSEPH A CARUANA	TREASURER	Officer	$0	$0	$0
JOSEPH SPEZIALE	PRESIDENT	Officer	$0	$0	$0
ROBERT LINDSAY	SECRETARY	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
2022	$138,401	$142,242	$484,198	$-3,841
2020	$47,498	$45,123	$478,854	$2,375
2019	$130,188	$48,515	$476,479	$81,673
2018	$124,053	$7,216	$412,891	$116,837

VERRAZANO ROTARY CHARITABLE FOUNDATION