VERRAZANO ROTARY CHARITABLE FOUNDATION

EIN: 200657619 501(c)(3) Philanthropy & Grantmaking

BROOKLYN, NY

Total Revenue
$138,401
Total Expenses
$142,242
Total Assets
$484,198
Net Assets
$484,198
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
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)

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH A CARUANA TREASURER 0.00
Officer
$0 $0 $0
JOSEPH SPEZIALE PRESIDENT 0.00
Officer
$0 $0 $0
ROBERT LINDSAY SECRETARY 0.00
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
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
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