Ed Lucas Foundation Inc

EIN: 453089288 501(c)(3) Philanthropy & Grantmaking

Union, NJ

Total Revenue
$177,596
Total Expenses
$153,441
Total Assets
$153,128
Net Assets
$99,478
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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
2011
Legal Domicile
NJ
Principal Officer
Allison L Lucas
Phone
9086876529
Tax Period
2024-01-01 to 2024-12-31

Ed Lucas Foundation Inc, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $178K in total revenue in fiscal year 2024. Revenue surged 163% from the prior year, signaling strong growth momentum. Expenses of $153K left a modest 14% surplus.

Mission

To Raise Funds and Awareness for Organizations That Work With Blind and Visually Impaired Persons and Charities Benefiting Those With Other Disabilities

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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 (2024)

Revenue Breakdown

Contributions & Grants $133,070
Program Service Revenue $0
Investment Income $2,497
Other Revenue $42,029
TOTAL REVENUE $177,596

Expense Breakdown

Grants Paid $141,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $141,000
Other Expenses $12,441
TOTAL EXPENSES $153,441

Year-over-Year Comparison

2024 2023 Change
Revenue $177,596 $67,452 +1.6%
Expenses $153,441 $103,696 +0.5%
Net Income $24,155 $-36,244 -1.7%
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
40

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Allison L Lucas President/Treasurer 30.00
Officer Director
$0 $0 $0
James Fiorentino Vice President 5.00
Officer Director
$0 $0 $0
Diane Thomas Secretary 15.00
Officer Director
$0 $0 $0
Timothy Courtney Trustee 0.00
Director
$0 $0 $0
Robert A Russo Trustee 5.00
Director
$0 $0 $0
Diane Tagliabue Trustee 0.00
Director
$0 $0 $0
Adam Bulin Trustee 5.00
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 No data No data No data No data
2024 $177,596 $153,441 $153,128 $24,155
2023 $67,452 $103,696 $198,164 $-36,244
2022 $51,076 $50,506 $114,327 $570
2021 $42,813 $44,834 $110,997 $-2,021
2020 $27,517 $48,342 $118,038 $-20,825
2019 $76,919 $79,654 $134,983 $-2,735
2018 $32,424 $85,581 $136,578 $-53,157
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