GLEN COVE SAGE FOUNDATION INC (EIN 203545252) - 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

2005

Legal Domicile

Principal Officer

CAROLYNN EIPEL

Phone

5166712280

Tax Period

2024-09-01 to 2025-08-31

GLEN COVE SAGE FOUNDATION INC, founded in 2005, is a micro nonprofit in the Education sector that reported $96K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $216K represent 27 months of operating reserves.

Mission

TO AUGMENT AND ASSIST THE CITY OF GLEN COVE SENIOR CITZEN CENTER IN PROVIDING HOT MEALS, EDUCATION AND SOCIAL ACTIVITES TO THE SENIOR POPULATION OF GLEN COVE.

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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 $94,149

Program Service Revenue $0

Investment Income $1,431

Other Revenue $0

TOTAL REVENUE $95,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,980

Other Expenses $101,980

TOTAL EXPENSES $101,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,580	$106,023	-0.1%
Expenses	$101,980	$91,225	+0.1%
Net Income	$-6,400	$14,798	-1.4%

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
HERLAD BOLLACI	ATTORNEY	5.00	Director	$0	$0	$0
CARLA D'AMBRA	VICE PRESIDE	5.00	Director	$0	$0	$0
CARLA D'AMBRA	DIRECTOR	5.00	Director	$0	$0	$0
BARBARA DUBIN	SECRETARY	5.00	Director	$0	$0	$0
CAROLYNN EIPEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
PETER HEILIG	TREASURER	5.00	Officer Director	$0	$0	$0
NINA HELD	DIRECTOR	5.00	Director	$0	$0	$0
ANTHONY JIMENEZ	DIRECTOR	5.00	Director	$0	$0	$0
CORRINE KAUFMAN	DIRECTOR	5.00	Director	$0	$0	$0
GAITLEY STEVENSON- MATTHEWS	DIRECTOR	5.00	Director	$0	$0	$0
MELANIE RAYMUNDO	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTINE RICE	DIRECTOR	5.00	Director	$0	$0	$0
KATHLLEEN SANTUCCI	DIRECTOR	5.00	Director	$0	$0	$0
LINA SCACCO	DIRECTOR	5.00	Director	$0	$0	$0
LINDA WEN ROGERS	SECRETARY	5.00	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	$95,580	$101,980	$216,084	$-6,400
2024	$110,866	$88,845	$222,484	$22,021
2023	$106,023	$91,225	$200,463	$14,798
2022	$114,545	$50,603	$185,665	$63,942
2021	$33,563	$42,581	$121,723	$-9,018
2020	$48,057	$55,664	$130,741	$-7,607
2019	$107,369	$77,720	$139,860	$29,649

GLEN COVE SAGE FOUNDATION INC