UNIONPORT FOUNDATION INC (EIN 237084191) - 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

1970

Legal Domicile

Principal Officer

MICHAEL FELBERG

Phone

7188636200

Tax Period

2023-08-01 to 2024-07-31

UNIONPORT FOUNDATION INC, founded in 1970, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.9M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $4.7M, a strong 95% operating margin.

Mission

TO SUPPORT HEALTHCARE, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL ACTIVITIES.

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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 $166,008

Program Service Revenue $0

Investment Income $4,813,128

Other Revenue $-39,811

TOTAL REVENUE $4,939,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,138

Fundraising Expenses $7,710

Program Expenses $0

Other Expenses $61,068

TOTAL EXPENSES $253,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,939,325	$5,410,561	-0.1%
Expenses	$253,206	$6,808	+36.2%
Net Income	$4,686,119	$5,403,753	-0.1%

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

$1,215,216

Total Directors

$945,709

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH GELB	CEO to 12-23 then bod member	1.0	Officer Director	$144,104	$63,335	$737,274
Michael Felberg beg 1-24	COO/CFO	1.0	Officer	$0	$74,546	$369,908
MARTIN ELSON	PRESIDENT	2.0	Officer Director	$48,034	$0	$108,034
REED ELSON	BOARD MEMBER	1.0	Director	$0	$22,007	$100,401
CONNIE CAPALDO	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSEPH D BRADLEY JR	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
MARY O'CONNELL	SECRETARY	1.0	Officer Director	$0	$0	$0
GARY ROTHMAN	BOARD MEMBER	1.0	Director	$0	$0	$0
ALAN KOREFF	BOARD MEMBER	1.0	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	$4,939,325	$253,206	$16,663,497	$4,686,119
2023	$5,410,561	$6,808	$11,956,312	$5,403,753
2022	$1,718,218	$113	$6,552,559	$1,718,105
2021	$1,679,960	$263	$4,834,454	$1,679,697
2020	$969,848	$3,532	$3,154,757	$966,316
2019	$312,573	$904,694	$2,190,941	$-592,121
2018	$1,146,064	$14,908	$2,780,562	$1,131,156

UNIONPORT FOUNDATION INC