THE EGER FOUNDATION INC

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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

1969

Legal Domicile

Principal Officer

DAVID ROSE

Phone

7189893020

Tax Period

2019-01-01 to 2019-12-31

THE EGER FOUNDATION INC, founded in 1969, is a small nonprofit that reported $116K in total revenue in fiscal year 2019. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $416K exceeded revenue, resulting in a 259% operating deficit.

Mission

THE ORGANIZATION PROVIDES FUNDRAISING TO SUPPORT EGER LUTHERAN HOMES AND SERVICES, INC. AND PROVIDING HEALTHCARE SERVICES TO THE DIVERSE NEEDS OF STATEN ISLAND AND THE NEIGHBORING COMMUNITIES REGARDLESS OF ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $347,281 Revenue: $10,844

EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF EGER LUTHERAN HOMES AND SERVICES, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION...

EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF EGER LUTHERAN HOMES AND SERVICES, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION; AND ITS SUBSIDIARIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $116,304

Program Service Revenue $10,844

Investment Income $186

Other Revenue $-11,444

TOTAL REVENUE $115,890

Expense Breakdown

Grants Paid $57,090

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $347,281

Other Expenses $359,284

TOTAL EXPENSES $416,374

Year-over-Year Comparison

	2019	2018	Change
Revenue	$115,890	$388,823	-0.7%
Expenses	$416,374	$543,636	-0.2%
Net Income	$-300,484	$-154,813	+0.9%

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

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

$640,746

Total Directors

Key Employees

$176,836

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ROSE	PRESIDENT/CEO	55.0	Officer	$0	$44,838	$380,371
GARRY DE LEEUWERK	SENIOR VP FOR FINANCE/CFO	55.0	Officer	$0	$23,146	$260,375
VIENNA PROFETA	SENIOR VP FOR DEVELOPMENT	50.0	Key Emp	$0	$17,798	$176,836
LESLIE B KASEGRANDE	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
CYNTHIA ROBERTI	VICE CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
LILLIAN LAGAZZO	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
GALE BELLAFIORE	TRUSTEE	0.5	Director	$0	$0	$0
ROBERT HASTEDT	TRUSTEE	0.5	Director	$0	$0	$0
CATHERINE MARY LYNN	TRUSTEE	0.5	Director	$0	$0	$0
KAREN MULLANEY	TRUSTEE	0.5	Director	$0	$0	$0
ANTHONY I GIACOBBE	TRUSTEE (TERMED 1/11/19)	0.5	Director	$0	$0	$0
CYNTHIA STUEN PHD	TRUSTEE (TERMED 4/30/19)	0.5	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
2019	$115,890	$416,374	No data	$-300,484
2018	$388,823	$543,636	$446,692	$-154,813