CORVETTE ENTHUSIASTS COMMUNITY FOUNDATION (EIN 232787705) - 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

1994

Legal Domicile

Principal Officer

ED SCANNAPIECO

Phone

6103882175

Tax Period

2022-01-01 to 2022-12-31

CORVETTE ENTHUSIASTS COMMUNITY FOUNDATION, founded in 1994, is a micro nonprofit in the Unknown sector that reported $6K in total revenue in fiscal year 2022. Revenue surged 2277% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4K, a strong 64% operating margin.

Mission

CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING MAKING CONTRIBUTIONS TO OTHER QUALIFIED 501(C)(3) EXEMPT ORGANIZATIONS AND SCHOLARSHIP GRANTS.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $6,508

Program Service Revenue $0

Investment Income $5

Other Revenue $-428

TOTAL REVENUE $6,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,000

Other Expenses $2,185

TOTAL EXPENSES $2,185

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,085	$256	+22.8%
Expenses	$2,185	$12,381	-0.8%
Net Income	$3,900	$-12,125	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES MILSTEIN ESQ	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
BARBARA GRIPPO	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT LEAR	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH PARENTE	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
ED SCANNAPIECO	PRESIDENT	1.00	Officer 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
2022	$6,085	$2,185	$60,345	$3,900
2021	$256	$12,381	$56,445	$-12,125
2020	$2,595	$24,470	$68,570	$-21,875
2019	$32,045	$36,445	$90,445	$-4,400
2018	$21,068	$58,578	$94,845	$-37,510

CORVETTE ENTHUSIASTS COMMUNITY FOUNDATION