FUND FOR CITIES OF SERVICE 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

2009

Legal Domicile

Principal Officer

TOM BERNSTEIN

Phone

2125836000

Tax Period

2021-01-01 to 2021-01-04

Mission

CITIES OF SERVICE IS A NONPROFIT ORGANIZATION THAT HELPS MAYORS BUILD STRONGER CITIES BY CHANGING THE WAY LOCAL GOVERNMENT AND CITIZENS WORK TOGETHER. WE HELP COALITION CITIES TAP INTO THE KNOWLEDGE, CREATIVITY, AND SERVICE OF THEIR CITIZENS TO SOLVE CRITICAL PUBLIC PROBLEMS AND CREATE MORE VIBRANT CITIES. STARTED IN 2009 BY NEW YORK CITY MAYOR MICHAEL R. BLOOMBERG AND INCUBATED AT HIS FOUNDATION, CITIES OF SERVICE NOW OPERATES INDEPENDENTLY TO PROVIDE COMPREHENSIVE SUPPORT TO OUR GROWING COALITION OF CITIES.

Program Service Accomplishments

Program 1

N/A

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $14,132

TOTAL EXPENSES $14,132

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	$810,173	-1.0%
Expenses	$14,132	$2,910,914	-1.0%
Net Income	N/A	$-2,100,741	N/A

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

N/A

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
TOM BERNSTEIN	PRESIDENT, DIRECTOR	0.50	Officer Director	$0	$0	$0
JAMES ANDERSON	VICE PRESIDENT, DIRECTOR	0.50	Officer Director	$0	$0	$0
KATHLEEN MCINERNEY	TREASURER, DIRECTOR	0.50	Officer Director	$0	$0	$0
KATHARINE LEONBERGER	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER WILLIAMSON	DIRECTOR	0.50	Director	$0	$0	$0
MARIA COMELLA	DIRECTOR	0.50	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
2021	No data	$14,132	No data	No data
2020	$810,173	$2,910,914	$14,132	$-2,100,741