MADISON ROTARY CLUB FOUNDATION INC

EIN: 223337586 501(c)(3) Education

Madison, NJ

Total Revenue
$212,486
Total Expenses
$200,792
Total Assets
$68,100
Net Assets
$68,100
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NJ
Principal Officer
Lois Bhatt
Phone
9736157066
Tax Period
2023-07-01 to 2024-06-30

MADISON ROTARY CLUB FOUNDATION INC, founded in 1994, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $201K left a modest 6% surplus.

Mission

The Foundation is a community service organization with three principal charitable activities - fighting food insecurity, supporting educational programs and funding community organizations. Program services also include weekly meetings and periodic community-building events for members and the public.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $26,408
Program Service Revenue $156,206
Investment Income $30
Other Revenue $29,842
TOTAL REVENUE $212,486

Expense Breakdown

Grants Paid $63,761
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $182,786
Other Expenses $137,031
TOTAL EXPENSES $200,792

Year-over-Year Comparison

2023 2022 Change
Revenue $212,486 $167,171 +0.3%
Expenses $200,792 $166,285 +0.2%
Net Income $11,694 $886 +12.2%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
85

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Duran Assistant Treasurer 3
Director
$0 $0 $0
Barry Kroll Secretary-Membership 5
Director
$0 $0 $0
Joseph Smith Membership Chair 3
Director
$0 $0 $0
John Hogan Youth Service Chair 3
Director
$0 $0 $0
Tanya Van Order Trustee 3
Director
$0 $0 $0
Patricia Miller Trustee 3
Director
$0 $0 $0
Amul Modhera Trustee 3
Director
$0 $0 $0
Deborah Starker Trustee 3
Director
$0 $0 $0
Douglas Willis Trustee 3
Director
$0 $0 $0
James Foster Past President 5
Director
$0 $0 $0
Lois Bhatt President 5
Officer
$0 $0 $0
James Fraser President-Elect 5
Officer
$0 $0 $0
Kyle Becker Vice President 5
Officer
$0 $0 $0
Diane Driscoll Secretary-Recording 5
Officer
$0 $0 $0
Arthur Powell Treasurer 5
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 No data No data No data No data
2024 $212,486 $200,792 $68,100 $11,694
2023 $167,171 $166,285 $56,407 $886
2021 $89,111 $72,746 $51,364 $16,365
2020 $48,573 $24,008 $34,999 $24,565
2019 $17,662 $29,979 $40,836 $-12,317
2018 $36,539 $30,073 $24,677 $6,466
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