DOMENICK & MILDRED DIFALCO ENDOWMEN FUND

EIN: 232829674 501(c)(3) Philanthropy & Grantmaking

GLEN MILLS, PA

Total Revenue
$27,797
Total Expenses
$31,375
Total Assets
$647,101
Net Assets
$647,101
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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
1995
Legal Domicile
PA
Principal Officer
MICHAEL A COVOLUS
Phone
8563848400
Tax Period
2024-07-01 to 2025-06-30

DOMENICK & MILDRED DIFALCO ENDOWMEN FUND, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $28K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $31K exceeded revenue, resulting in a 13% operating deficit.

Mission

SUPPORT TO LANKENAU HOSPITAL

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $27,797
Other Revenue $0
TOTAL REVENUE $27,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $31,375
Other Expenses $31,375
TOTAL EXPENSES $31,375

Year-over-Year Comparison

2024 2023 Change
Revenue $27,797 $17,221 +0.6%
Expenses $31,375 $30,350 +0.0%
Net Income $-3,578 $-13,129 -0.7%
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

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL A COVOLUS PRESIDENT 2.00
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
2025 $27,797 $31,375 $647,101 $-3,578
2024 $17,221 $30,350 $650,679 $-13,129
2023 $20,474 $46,250 $664,807 $-25,776
2022 $18,697 $103,275 $695,834 $-84,578
2021 $25,237 $101,250 $778,412 $-76,013
2020 $-19,334 $103,250 $853,175 $-122,584
2019 $28,493 $103,250 $975,759 $-74,757
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