GREENWOOD HOUSE FOUNDATION INC (EIN 223208612) - 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

1993

Legal Domicile

Principal Officer

RICHARD S GOLDSTEIN

Phone

6098835391

Tax Period

2023-01-01 to 2023-12-31

GREENWOOD HOUSE FOUNDATION INC, founded in 1993, is a small nonprofit that reported $381K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $95K, a strong 25% operating margin.

Mission

TO SUPPORT THE AGED COMMUNITY, SPECIFICALLY GREENWOOD HOUSE, HOME FOR THE JEWISH AGED

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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 $265,749

Program Service Revenue $0

Investment Income $115,108

Other Revenue $0

TOTAL REVENUE $380,857

Expense Breakdown

Grants Paid $234,761

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $234,761

Other Expenses $50,951

TOTAL EXPENSES $285,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$380,857	$731,987	-0.5%
Expenses	$285,712	$863,546	-0.7%
Net Income	$95,145	$-131,559	-1.7%

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

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

$277,063

Total Directors

$277,063

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY PERLMAN	PRESIDENT	0.50	Officer Director	$0	$0	$0
RICHARD S GOLDSTEIN	SECRETARY/TREASURER	0.80	Officer Director	$0	$16,456	$277,063
HOWARD HENSCHEL	TRUSTEE	0.50	Director	$0	$0	$0
MARC SHEGOSKI	TRUSTEE	0.50	Director	$0	$0	$0
STEPHEN SILVERMAN	TRUSTEE	0.50	Director	$0	$0	$0
JONATHAN LEVY	TRUSTEE	0.50	Director	$0	$0	$0
SHERYL PUNIA	TRUSTEE	0.50	Director	$0	$0	$0
ROGER MARCUS	TRUSTEE	0.50	Director	$0	$0	$0
DENISE SIEGEL	TRUSTEE	0.50	Director	$0	$0	$0
HOWARD DEUTSCH	TRUSTEE	0.50	Director	$0	$0	$0
DOUGLAS ZELTT	TRUSTEE UNTIL 5/23	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	$380,857	$285,712	$6,847,056	$95,145
2022	$731,987	$863,546	$5,861,264	$-131,559
2021	$613,833	$116,147	$7,366,566	$497,686
2020	$201,096	$185,736	$6,131,203	$15,360
2019	$1,257,732	$425,677	$5,551,943	$832,055
2018	$335,832	$235,287	$3,940,767	$100,545

GREENWOOD HOUSE FOUNDATION INC