PARK AVENUE FOUNDATION INC (EIN 223141480) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

ANDREW BOLES

Phone

9739441442

Tax Period

2024-01-01 to 2024-12-31

PARK AVENUE FOUNDATION INC, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $530K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $829K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO RAISE FUNDS EXCLUSIVELY FOR THE BENEFIT OF AND SUPPORT OF THE MEMBER NON-PROFITS.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $93,057

Program Service Revenue $0

Investment Income $91,889

Other Revenue $345,408

TOTAL REVENUE $530,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $33,169

Program Expenses $743,658

Other Expenses $828,825

TOTAL EXPENSES $828,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$530,354	$489,608	+0.1%
Expenses	$828,825	$702,217	+0.2%
Net Income	$-298,471	$-212,609	+0.4%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BOLES	PRESIDENT	5.00	Officer Director	$0	$0	$0
PETER DONNELLY	VICE PRESIDENT - OPERATIONS	1.00	Officer Director	$0	$0	$0
PATRICIA SLY	VICE PRESIDENT - DEVELOPMENT	1.00	Officer Director	$0	$0	$0
GERALD MALONEY	TREASURER	1.00	Officer Director	$0	$0	$0
SHELBY C RHODES	SECRETARY	1.00	Director	$0	$0	$0
WILLIAM VIERBUCHEN	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH PAWELCZYK	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD KURLAND	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES RUBIN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS LOUGHMAN	TRUSTEE	1.00	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	$530,354	$828,825	$13,517,947	$-298,471
2023	$489,608	$702,217	$13,933,005	$-212,609
2022	$512,858	$715,017	$14,460,573	$-202,159
2021	$468,390	$768,767	$15,106,732	$-300,377
2020	$363,887	$774,786	$15,418,167	$-410,899
2019	$695,846	$1,051,073	$15,948,550	$-355,227
2018	$1,510,927	$527,489	$16,352,130	$983,438

PARK AVENUE FOUNDATION INC