Vita Nova Foundation Inc (EIN 271020462) - 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

2009

Legal Domicile

Principal Officer

Frank Gulisano

Phone

5616890035

Tax Period

2023-10-01 to 2024-09-30

Vita Nova Foundation Inc, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $177K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $258K exceeded revenue, resulting in a 46% operating deficit.

Mission

509(A)(3) supporting organization for the exclusive benefit of Vita Nova, Inc. (Continued on Schedule O)(EIN# 65-0298299) whose mission is to help young adults transition to independence by providing a stable, nurturing environment that includes housing, counseling, and education.

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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 $0

Program Service Revenue $0

Investment Income $176,783

Other Revenue $0

TOTAL REVENUE $176,783

Expense Breakdown

Grants Paid $228,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,000

Other Expenses $30,480

TOTAL EXPENSES $258,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,783	$160,680	+0.1%
Expenses	$258,480	$26,908	+8.6%
Net Income	$-81,697	$133,772	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Gulisano	President	2.00	Officer Director	$0	$0	$0
Michael Branch	Director	2.00	Director	$0	$0	$0
Anthony Marino Jr CPA	Director	2.00	Director	$0	$0	$0
Alexandre Santos	Director	2.00	Director	$0	$0	$0
Toby Pina	Director	2.00	Director	$0	$0	$0
Vassila Binensztok	Director	2.00	Director	$0	$0	$0
Sarah McKnight	Director	2.00	Director	$0	$0	$0
Jose Coto	Director	2.00	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
2024	$176,783	$258,480	$6,131,424	$-81,697
2023	$160,680	$26,908	$5,219,047	$133,772
2022	$159,602	$244,818	$4,696,192	$-85,216
2021	$128,310	$610,911	$6,061,526	$-482,601
2020	$157,795	$446,705	$5,573,811	$-288,910
2019	$168,001	$279,465	$5,594,789	$-111,464
2018	$161,930	$185,311	$5,735,055	$-23,381

Vita Nova Foundation Inc