SITRIN FOUNDATION INC (EIN 300098393) - 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

2002

Legal Domicile

Principal Officer

CHRISTA L SERAFIN

Phone

3157973114

Tax Period

2023-01-01 to 2023-12-31

SITRIN FOUNDATION INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $202K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $225K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE SITRIN FOUNDATION RAISES FUNDS AND AWARENESS FOR PROJECTS AND SERVICES THAT ADVANCE AND IMPROVE THE LIVES OF THOSE SERVED BY SITRIN NETWORK OF HOMES & SERVICES AND ITS AFFILIATES. THIS IS ACHIEVED BY BUILDING RELATIONSHIPS WITH CORPORATIONS, FOUNDATIONS, AND INDIVIDUALS TO SUPPORT ENHANCED CARE, CAPITAL PROJECTS, EQUIPMENT, RESEARCH, AND OTHER AREAS OF DEVELOPMENT.

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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 $202,061

Program Service Revenue $0

Investment Income $319

Other Revenue $0

TOTAL REVENUE $202,380

Expense Breakdown

Grants Paid $190,002

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,010

Other Expenses $35,008

TOTAL EXPENSES $225,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,380	$145,971	+0.4%
Expenses	$225,010	$186,458	+0.2%
Net Income	$-22,630	$-40,487	-0.4%

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

$351,100

Total Directors

$49,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCCO ARCURI	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL COMINSKY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROSEMARY BONACCI	DIRECTOR	1.00	Director	$0	$4,800	$49,061
LORI KAPLAN FELICE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY ANN ARCURI	DIRECTOR	0.50	Director	$0	$0	$0
LAURIE SCHOEN	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD VENEZIO	DIRECTOR	0.50	Director	$0	$0	$0
CHET COHEN	DIRECTOR	0.50	Director	$0	$0	$0
JOANNE WADE	DIRECTOR	0.50	Director	$0	$0	$0
MARK SMITH	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTA L SERAFIN	CEO	1.00	Officer	$0	$18,750	$290,475
MARC DEPERNO	VP OF FOUNDATION	1.00	Officer	$0	$0	$60,625

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	No data	No data	No data	No data
2023	$202,380	$225,010	$2,237,629	$-22,630
2022	$145,971	$186,458	$2,877,679	$-40,487
2021	$137,370	$148,341	$2,685,249	$-10,971
2020	$123,364	$361,288	$2,671,056	$-237,924
2019	$174,858	$156,765	$2,658,726	$18,093
2018	$272,216	$225,743	$2,266,050	$46,473
2018	$272,216	$225,743	$2,087,052	$46,473

SITRIN FOUNDATION INC