HOFFMAN INSTITUTE SUPPORTING FOUNDATION (EIN 204801174) - 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

2006

Legal Domicile

Principal Officer

CHARLES J INGRASCI

Phone

4154855220

Tax Period

2023-01-01 to 2023-12-31

HOFFMAN INSTITUTE SUPPORTING FOUNDATION, founded in 2006, is a community nonprofit in the Medical Research sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 27891% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 76% operating margin.

Mission

THE SPECIFIC AND PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN CHARITABLE AND EDUCATION ACTIVITIES THAT BENEFITS, PERFORMS THE FUNCTIONS OF, OR CARRIES OUT THE PURPOSE OF THE HOFFMAN INSTITUTE FOUNDATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,500,000

Program Service Revenue $15,000

Investment Income $23,188

Other Revenue $0

TOTAL REVENUE $4,538,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,500

Other Expenses $1,090,374

TOTAL EXPENSES $1,103,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,538,188	$16,213	+278.9%
Expenses	$1,103,874	$801,304	+0.4%
Net Income	$3,434,314	$-785,091	-5.4%

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

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

$172,452

Total Directors

$172,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES INGRASCI	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$12,473	$172,452
BERNARD TARR	VICE PRESIDENT/TREASURER	0.30	Officer Director	$0	$0	$0
SHARON ROE	SECRETARY	0.30	Officer Director	$0	$0	$0
CORT SCHWANEBECK	DIRECTOR	0.30	Director	$0	$0	$0
RICH CERICK	DIRECTOR	0.30	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
2024	No data	No data	No data	No data
2023	$4,538,188	$1,103,874	$23,242,792	$3,434,314
2022	$16,213	$801,304	$23,842,299	$-785,091
2021	$6,921,250	$1,043,861	$24,584,790	$5,877,389
2020	$1,116,241	$148,840	$8,707,401	$967,401
2019	$7,740,000	No data	$7,740,000	No data

HOFFMAN INSTITUTE SUPPORTING FOUNDATION