FOUNDATION FOR THE ELDERLY (EIN 223183035) - 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

1992

Legal Domicile

Phone

5162398693

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR THE ELDERLY, founded in 1992, is a mid-sized nonprofit in the Human Services sector that reported $45.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO OPERATE A LICENSED HOME HEALTHCARE SERVICE AND A RESIDENTIAL ADULT CARE FACILITY FOR THE ELDERLY.

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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 $742,304

Program Service Revenue $44,376,666

Investment Income $1,215

Other Revenue $-12,862

TOTAL REVENUE $45,107,323

Expense Breakdown

Grants Paid $361,680

Salaries & Benefits $40,786,363

Fundraising Expenses $0

Program Expenses $41,728,553

Other Expenses $4,800,167

TOTAL EXPENSES $45,948,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,107,323	$38,184,077	+0.2%
Expenses	$45,948,210	$37,872,547	+0.2%
Net Income	$-840,887	$311,530	-3.7%

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

1934

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

$174,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PINCHAS FASKA	FINANCIAL MANAGER	40.00		$222,012	$0	$222,012
SHMUEL HIRSCH	MANAGER	40.00		$205,697	$0	$205,697
Mark M Berger	CFO	40.00		$175,040	$0	$175,040
MAURICE MEISELS	Executive Dir.	40.00	Officer	$174,158	$0	$174,158
MAXINE FRIED	DIR. PATIENT SERV.	40.00		$127,786	$0	$127,786
ABRAHAM FISCH	Director-Financ	0.50	Director	$0	$0	$0
SIMCHA STROHLI	President	0.50	Director	$0	$0	$0
MOSHE STEINBERG	Director	0.50	Director	$0	$0	$0
NORMAN NEIGER	Vice President	0.50	Director	$0	$0	$0
NAFTALI REINER	Director	0.50	Director	$0	$0	$0
BENZION REINHOLD	Director	0.50	Director	$0	$0	$0
MENACHEM EINHORN	Director	0.50	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	$45,107,323	$45,948,210	$11,171,866	$-840,887
2022	$38,184,077	$37,872,547	$10,974,165	$311,530
2021	$36,299,710	$35,687,149	$9,324,447	$612,561
2020	$36,305,821	$35,551,570	$9,915,597	$754,251
2019	$28,189,986	$28,729,083	$8,309,210	$-539,097
2018	$19,746,951	$20,331,727	$6,661,653	$-584,776

FOUNDATION FOR THE ELDERLY