Friends of SLS Inc

EIN: 264153008 501(c)(3)

New York, NY

Total Revenue
$291,957
Total Expenses
$5,006,287
Total Assets
$478,642
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
MARIAN BALDWIN FUERST
Phone
2129245960
Tax Period
2017-07-01 to 2018-06-30

Friends of SLS Inc, founded in 2008, is a small nonprofit that reported $292K in total revenue in fiscal year 2017. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 1615% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO RAISE FUNDS TO SUPPORT A PRE-KINDERGARTEN, PRIMARY AND SECONDARY PRIVATE SCHOOL IN NEW YORK CITY, NEW YORK.

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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 (2017)

Revenue Breakdown

Contributions & Grants $286,125
Program Service Revenue $0
Investment Income $5,832
Other Revenue $0
TOTAL REVENUE $291,957

Expense Breakdown

Grants Paid $4,665,417
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,665,417
Other Expenses $340,870
TOTAL EXPENSES $5,006,287

Year-over-Year Comparison

2017 2016 Change
Revenue $291,957 $1,572,048 -0.8%
Expenses $5,006,287 $2,550,821 +1.0%
Net Income $-4,714,330 $-978,773 +3.8%
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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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIAN BALDWIN FUERST BOARD CHAIR 1.0
Officer Director
$0 $0 $0
JOHN MCGREEVY VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
UNA FOGARTY TREASURER/SECRETARY 1.0
Officer Director
$0 $0 $0
EDWARD A FINN JR DIRECTOR 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
2018 $291,957 $5,006,287 $478,642 $-4,714,330
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