RICHARD C CONDORELLI MEMORIAL FOUNDATION INC

EIN: 262917177 501(c)(3)

NASHUA, NH

Total Revenue
$261,193
Total Expenses
$260,734
Total Assets
$489
Net Assets
$489
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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
2008
Legal Domicile
MA
Principal Officer
ASHOK K PATEL
Phone
6038888100
Tax Period
2020-01-01 to 2020-12-31

RICHARD C CONDORELLI MEMORIAL FOUNDATION INC, founded in 2008, is a small nonprofit that reported $261K in total revenue in fiscal year 2020. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO ASSIST IN THE CARE, WELFARE AND EDUCATION OF OTHERS WHO DO NOT HAVE THE MEANS OR CAPABILITTY TO ASSIST THEMSELVES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $261,193
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $261,193

Expense Breakdown

Grants Paid $259,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $260,734
Other Expenses $1,234
TOTAL EXPENSES $260,734

Year-over-Year Comparison

2020 2019 Change
Revenue $261,193 $199,705 +0.3%
Expenses $260,734 $269,998 0.0%
Net Income $459 $-70,293 -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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
12

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHOK K PATEL President 1.00
Director
$0 $0 $0
ASHOK K PATEL Treasurer 0.00
Director
$0 $0 $0
JAGDIP R BHAKTA Director 1.00
Director
$0 $0 $0
GLANEE PATEL Director 1.00
Director
$0 $0 $0
NATASHA PATEL Director 1.00
Director
$0 $0 $0
NIRALI PATEL Director 1.00
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
2020 $261,193 $260,734 $489 $459
2019 $199,705 $269,998 $30 $-70,293
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