THE CELEBRITY FOUNDATION FOR CHILDREN (EIN 330766784) - 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

1999

Legal Domicile

Phone

9497192625

Tax Period

2023-01-01 to 2023-12-31

THE CELEBRITY FOUNDATION FOR CHILDREN, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $562K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $952K exceeded revenue, resulting in a 69% operating deficit.

Mission

The foundation's primary exempt purpose is to carry out various charitable and educational activities, including without limitation, providing financial support to organizations dedicated to community service, youth activities, educational activites and to those dedicated to improving the standard of living of the poor, underprivileged and other deserving individuals with emphasis on the young.

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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 $425,301

Program Service Revenue $93,550

Investment Income $43,107

Other Revenue $0

TOTAL REVENUE $561,958

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $78,528

Fundraising Expenses $16,264

Program Expenses $493,291

Other Expenses $848,748

TOTAL EXPENSES $952,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$561,958	$851,761	-0.3%
Expenses	$952,276	$1,127,514	-0.2%
Net Income	$-390,318	$-275,753	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETTIE VARTANIAN	Director	2.00	Director	$0	$0	$0
MICHAEL P FARAH	CEO	20.00	Officer	$0	$0	$0
C VICTOR WYLIE	CFO	2.00	Officer	$0	$0	$0
RANDY LUENEBRINK	Director	2.00	Officer	$0	$0	$0
CRISTINE FARAH	Secretary	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$561,958	$952,276	$1,847,158	$-390,318
2022	$851,761	$1,127,514	$1,928,940	$-275,753
2021	$1,289,910	$977,416	$2,689,443	$312,494
2020	$756,072	$793,575	$2,384,146	$-37,503
2019	$412,433	$945,070	$2,551,031	$-532,637
2018	$320,106	$776,538	$2,606,214	$-456,432

THE CELEBRITY FOUNDATION FOR CHILDREN