THE LOTOS FOUNDATION 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

1999

Legal Domicile

Principal Officer

PATRICK FRAWLEY

Phone

2127377100

Tax Period

2024-07-01 to 2025-06-30

THE LOTOS FOUNDATION INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $323K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $105K, a strong 33% operating margin.

Mission

THE LOTOS FOUNDATION, INC. (THE "FOUNDATION") IS A PUBLIC CHARITY ORGANIZATION THAT WAS INCORPORATED IN 1999 IN THE STATE OF NEW YORK. THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND DEVELOP LITERATURE, ART, SCULPTURE, MUSIC, ARCHITECTURE, JOURNALISM, DRAMA, SCIENCE AND THE LEARNED PROFESSIONS, ENCOURAGING AUTHORS, STUDENTS OF THE MUSICAL, DRAMATIC AND LEARNED PROFESSIONS IN THEIR WORK, GRANTING SCHOLARSHIPS, AND THROUGH OTHER MEANS AS MAY BE DETERMINED FROM TIME TO TIME, MAINTAINING ARCHIVES AND ANY SIMILAR RESOURCES, AS WELL AS ENGAGING IN OTHER WORTHWHILE ACTIVITIES THAT MAY BE DETERMINED FROM TIME TO TIME. AMONG THE FOUNDATION'S CHARITABLE MISSIONS AND TAX-EXEMPT PURPOSES IS THE PRESERVATION AND MAINTENANCE OF THE ARCHITECTURAL INTEGRITY AND DESIGN OF THE PUBLICLY VISIBLE FACADE OF THE LANDMARKED BUILDING LOCATED AT FIVE EAST SIXTY-SIXTH STREET.

Program Service Accomplishments

Program 1

Expenses: $95,750

GRANT SCHOLARSHIPS TO PROMOTE AND DEVELOP LITERATURE, ART, SCULPTURE, MUSIC, ARCHITECTURE, JOURNALISM, DRAMA AND SCIENCE TO STUDENTS.

Program 2

Expenses: $50,000

THE PRESERVATION AND MAINTENANCE OF THE ARCHITECTURAL INTEGRITY AND DESIGN OF THE PUBLICLY VISIBLE FACADE OF THE LANDMARKED BUILDING LOCATED AT FIVE EAST SIXTY-SIXTH STREET.

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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 (2024)

Revenue Breakdown

Contributions & Grants $233,955

Program Service Revenue $0

Investment Income $41,665

Other Revenue $47,507

TOTAL REVENUE $323,127

Expense Breakdown

Grants Paid $130,000

Salaries & Benefits $0

Fundraising Expenses $18,630

Program Expenses $145,750

Other Expenses $88,106

TOTAL EXPENSES $218,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,127	$402,791	-0.2%
Expenses	$218,106	$176,681	+0.2%
Net Income	$105,021	$226,110	-0.5%

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
PATRICK J FRAWLEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
MELVIN STECHER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BRUCE E BALDINGER	TREASURER	3.00	Officer Director	$0	$0	$0
MERYL BRIEDBART	SECRETARY	3.00	Officer Director	$0	$0	$0
STEPHEN R BECKWITH	BOARD MEMBER	3.00	Director	$0	$0	$0
PAUL L BINDER	BOARD MEMBER	3.00	Director	$0	$0	$0
PETER D BOGYO	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBERT ELMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JAMES J FISHMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
PATRICIA DUGAN PERLMUTH	BOARD MEMBER	3.00	Director	$0	$0	$0
NATALIE EIGEN	BOARD MEMBER	3.00	Director	$0	$0	$0
SUSAN RYAN KESSLER	BOARD MEMBER	3.00	Director	$0	$0	$0
MARK L LAMPL	BOARD MEMBER	3.00	Director	$0	$0	$0
AMANDA ALLEN MCGOWAN	BOARD MEMBER	3.00	Director	$0	$0	$0
R BRUCE RICH	BOARD MEMBER	3.00	Director	$0	$0	$0
MAX W SCHAPIRO	BOARD MEMBER	3.00	Director	$0	$0	$0
MARY A SUSNJARA	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL D YON	BOARD MEMBER	3.00	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
2025	$323,127	$218,106	$1,228,538	$105,021
2024	$402,791	$176,681	$1,059,946	$226,110
2023	$202,881	$157,238	$867,051	$45,643
2022	$232,590	$169,977	$786,717	$62,613
2021	$251,385	$278,895	$1,039,552	$-27,510
2020	$499,823	$1,098,008	$908,081	$-598,185
2019	$1,311,519	$795,223	$1,664,891	$516,296