UNIONPORT 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

1970

Legal Domicile

Principal Officer

MICHAEL FELBERG

Phone

7188636200

Tax Period

2024-08-01 to 2025-07-31

UNIONPORT FOUNDATION INC, founded in 1970, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $624K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Net assets of $16.8M represent 323 months of operating reserves.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $467,775

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 (2024)

Revenue Breakdown

Contributions & Grants $48,200

Program Service Revenue $0

Investment Income $576,196

Other Revenue $0

TOTAL REVENUE $624,396

Expense Breakdown

Grants Paid $467,775

Salaries & Benefits $109,197

Fundraising Expenses $0

Program Expenses $467,775

Other Expenses $77,449

TOTAL EXPENSES $654,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$624,396	$4,939,325	-0.9%
Expenses	$654,421	$253,206	+1.6%
Net Income	$-30,025	$4,686,119	-1.0%

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

$483,677

Total Directors

$658,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH GELB	BOARD MEMBER	1.0	Director	$125,408	$57,380	$495,726
Michael Felberg	COO/CFO (30 hrs/wk beg Jan 25)	1.0	Officer	$0	$77,029	$401,874
MARTIN ELSON	PRESIDENT	2.0	Officer Director	$21,803	$0	$81,803
REED ELSON until May 2025	BOARD MEMBER	1.0	Director	$0	$0	$73,089
CONNIE CAPALDO	BOARD MEMBER	1.0	Director	$7,710	$0	$7,710
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
2025	$624,396	$654,421	$16,816,655	$-30,025
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