Ed Lucas 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

2011

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $30,000

To help fund the cost of training dogs at The Seeing Eye.

Program 2

Expenses: $15,000

To purchase equipment for disabled veterans at The Independence Fund.

Program 3

Expenses: $20,000

To assist visually impaired or other disabled students at Seton Hall University.

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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 $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

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
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