FRANK G ARCORI FOUNDATION INC

EIN: 261150126 501(c)(3) Education

BLOOMFIELD HILLS, MI

Total Revenue
$15
Total Expenses
$1,503
Total Assets
$33,984
Net Assets
$33,984
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MI
Principal Officer
LAMIA ARCORI
Phone
5867911111
Tax Period
2022-01-01 to 2022-12-31

FRANK G ARCORI FOUNDATION INC, founded in 2007, is a micro nonprofit in the Education sector that reported $15 in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $2K exceeded revenue, resulting in a 9920% operating deficit.

Mission

TO RAISE MONEY FOR THE PERPETUATION OF THE MEMORY OF FRANK G. ARCORI AND FOR EDUCATIONAL, CHARITABLE OR RELIGIOUS PURPOSES OR PUBLIC WELFARE, INCLUDING BUT NOT LIMITED TO THE EDUCATION AND AWARENESS OF CANCER RESEARCH.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $15
Other Revenue $0
TOTAL REVENUE $15

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,500
Other Expenses $3
TOTAL EXPENSES $1,503

Year-over-Year Comparison

2022 2021 Change
Revenue $15 $23 -0.3%
Expenses $1,503 N/A N/A
Net Income $-1,488 $23 -65.7%
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

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAMIA ACRORI PRESIDENT 1.00
Officer
$0 $0 $0
ANGELA ARCORI VICE PRESIDENT/SECRETARY 1.00
Officer
$0 $0 $0
FRANK ARCORI TREASURER 1.00
Officer
$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 $15 $1,503 $33,984 $-1,488
2021 $23 No data $35,472 No data
2020 $68 $61 $35,449 $7
2019 $73 $2,557 $35,442 $-2,484
2018 $81 $5,484 $37,926 $-5,403
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FRANK G ARCORI FOUNDATION INC with other nonprofits in Michigan and across the country.