THE TORIT FOUNDATION INC

EIN: 352523853 501(c)(3)

BOSTON, MA

Total Revenue
$225,531
Total Expenses
$234,708
Total Assets
$2,311
Net Assets
$-1,022
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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
2015
Legal Domicile
MA
Principal Officer
KRISTEN MANSHARAMANI
Phone
8575446501
Tax Period
2019-01-01 to 2019-12-31

THE TORIT FOUNDATION INC, founded in 2015, is a small nonprofit that reported $226K in total revenue in fiscal year 2019. Revenue surged 1787% from the prior year, signaling strong growth momentum.

Mission

SCHOLARSHIPS, STUDENT FINANCIAL AID AND AWARDS

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $225,531
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $225,531

Expense Breakdown

Grants Paid $234,308
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $234,308
Other Expenses $400
TOTAL EXPENSES $234,708

Year-over-Year Comparison

2019 2018 Change
Revenue $225,531 $11,950 +17.9%
Expenses $234,708 N/A N/A
Net Income $-9,177 $11,950 -1.8%
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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN EDWARDS PRESIDENT 0.00
Officer Director
$0 $0 $0
SHERLA COLLYMORE PHILLIPS DIRECTOR 0.00
Director
$0 $0 $0
KRISTEN MANSHARAMANI TREASURER/CLERK 0.00
Officer 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
2019 $225,531 $234,708 $2,311 $-9,177
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