585 LEXINGTON BENEFIT CORPORATION (EIN 332095666) - 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

2024

Legal Domicile

Principal Officer

JULIA TEDESCO

Phone

5853283380

Tax Period

2024-11-19 to 2025-06-30

585 LEXINGTON BENEFIT CORPORATION, founded in 2024, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $149 in total revenue in fiscal year 2024. Expenses of $210K exceeded revenue, resulting in a 140664% operating deficit.

Mission

585 LEXINGTON BENEFIT CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT AND SUPPORT THE CHARITABLE PURPOSES OF FOODLINK, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION AT THEIR LEXINGTON AVENUE LOCATION.

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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 $0

Program Service Revenue $0

Investment Income $149

Other Revenue $0

TOTAL REVENUE $149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,742

Other Expenses $209,738

TOTAL EXPENSES $209,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149	N/A	N/A
Expenses	$209,738	N/A	N/A
Net Income	$-209,589	N/A	N/A

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

$515,885

Total Directors

$232,223

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRA KELLER	CHAIR	0.50	Officer Director	$0	$39,209	$232,223
MITCH GRUBER	BOARD VICE CHAIR	0.50	Officer Director	$0	$0	$0
JAMES GROSSMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
LEWIS NORRY	BOARD MEMBER	0.50	Director	$0	$0	$0
MARTHA VALENTI	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
JULIA TEDESCO	PRESIDENT & CHIEF EXECUTIV	1.00	Officer	$0	$43,139	$283,662

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	$149	$209,738	$948,449	$-209,589

585 LEXINGTON BENEFIT CORPORATION