PETE DEVITO MEMORIAL FOUNDATION INC (EIN 275173827) - 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

2011

Legal Domicile

Principal Officer

NICHOLAS DEVITO

Phone

6314454709

Tax Period

2023-01-01 to 2023-12-31

PETE DEVITO MEMORIAL FOUNDATION INC, founded in 2011, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $20K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $20K left a modest 3% surplus.

Mission

THE ORGANIZATION SHALL PROVIDE FINANCIAL SUPPORT IN THE SEARCH FOR THE CAUSES AND CURE OF IDIOPATHIC PULMONARY FIBROSIS (IPF).

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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 $20,345

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $19,688

TOTAL EXPENSES $19,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,345	$15,685	+0.3%
Expenses	$19,688	$19,428	+0.0%
Net Income	$657	$-3,743	-1.2%

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

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
NICHOLAS DEVITO	DIRECTOR	1.50	Officer Director	$0	$0	$0
SUSAN DEVITO	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$20,345	$19,688	$13,648	$657
2022	$15,685	$19,428	$12,991	$-3,743
2021	No data	$711	$17,354	No data
2020	$4,654	$1,150	$18,065	$3,504
2019	$17,391	$6,658	$14,561	$10,733
2018	$2,566	$8,577	$3,828	$-6,011

PETE DEVITO MEMORIAL FOUNDATION INC