HORATIO ALGER ENDOWMENT FUND (EIN 272480291) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

LESLEY ALBANESE

Phone

7036849444

Tax Period

2024-01-01 to 2024-12-31

HORATIO ALGER ENDOWMENT FUND, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $20.9M in total revenue in fiscal year 2018. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12.2M, a strong 59% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES, AND IN PARTICULAR TO RECEIVE, HOLD, INVEST AND DISTRIBUTE FUNDS TO THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. (THE "ASSOCIATION") FOR THE BENEFIT OF THE ASSOCIATION'S EXISTING AND FUTURE PROGRAMS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,886,375

Program Service Revenue $0

Investment Income $8,861,655

Other Revenue $0

TOTAL REVENUE $13,748,030

Expense Breakdown

Grants Paid $11,779,287

Salaries & Benefits $722,003

Fundraising Expenses $12,155

Program Expenses $14,115,129

Other Expenses $3,621,175

TOTAL EXPENSES $16,122,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,748,030	$12,596,913	+0.1%
Expenses	$16,122,465	$15,504,446	+0.0%
Net Income	$-2,374,435	$-2,907,533	-0.2%

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

$3,648,794

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEON COOPERMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES SENEFF	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN WEILAND	TREASURER	1.00	Officer Director	$0	$0	$0
DON DASEKE	SECRETARY	1.00	Officer Director	$0	$0	$0
STANLEY KROENKE	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN SISSON	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROLLINS	DIRECTOR	1.00	Director	$0	$0	$0
TERRENCE J GIROUX	EXECUTIVE DIRECTOR	9.00	Officer	$0	$1,429,382	$2,264,177
LESLEY ALBANESE BEG 042024	CHIEF EXECUTIVE OFFICER	9.00	Officer	$0	$13,809	$452,270
CONSTANTINE G KATSARASKIS	CHIEF OPERATING OFFICER	6.00	Officer	$0	$264,943	$622,898
JOHN B THORNBURG	CHIEF FINANCIAL OFFICER	11.00	Officer	$0	$49,658	$309,449
DEBRA J STANCIL	MANAGER OF NOMINATIONS	1.00	Highest	$0	$35,392	$166,868

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	$13,748,030	$16,122,465	$345,148,740	$-2,374,435
2023	$12,596,913	$15,504,446	$329,998,445	$-2,907,533
2022	$41,403,763	$7,017,611	$307,856,993	$34,386,152
2021	$58,271,352	$8,352,050	$322,951,010	$49,919,302
2020	$16,840,883	$8,944,491	$274,481,369	$7,896,392
2019	$27,173,917	$11,348,007	$251,574,080	$15,825,910
2018	$20,899,848	$8,665,226	$221,540,912	$12,234,622

HORATIO ALGER ENDOWMENT FUND