IFH FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

NEIL S CALMAN

Phone

2126330800

Tax Period

2023-01-01 to 2023-12-31

IFH FOUNDATION, founded in 2011, is a small nonprofit in the Health Care sector that reported $199K in total revenue in fiscal year 2023. Expenses of $801K exceeded revenue, resulting in a 304% operating deficit.

Mission

THE IFH FOUNDATION WAS ESTABLISHED FOR PURPOSES OF DEVOTING AND APPLYING ITS ASSETS EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE INSTITUTE FOR FAMILY HEALTH. THE APPLICANT'S PRINCIPAL PROJECT AT THIS TIME IS THE OWNERSHIP, RENOVATION AND LEASING TO THE INSTITUTE FOR FAMILY HEALTH OF A COMMUNITY HEALTH CENTER IN HARLEM, NEW YORK COMMUNITY. FOR NEARLY THIRTY YEARS A KEY PROVIDER OF HEALTH CARE TO RESIDENTS OF THE HARLEM COMMUNITY OF NEW YORK CITY WAS NORTH GENERAL HOSPITAL. UNFORTUNATELY, NORTH GENERAL HOSPITAL ENTERED BANKRUPTCY IN 2010 AND CLOSED SHORTLY THEREAFTER. THE HOSPITAL'S CLOSURE WAS A SERIOUS BLOW TO THE HARLEM COMMUNITY. THE DORMITORY AUTHORITY OF NEW YORK ("DASNY"), A GOVERNMENTAL AGENCY THAT PROVIDES BOND FINANCING FOR NUMEROUS NON-PROFIT FACILITIES IN NEW YORK WAS A SIGNIFICANT SECURED CREDITOR OF NORTH GENERAL HOSPITAL, ACQUIRED THE HOSPITAL'S REAL PROPERTY IN THE BANKRUPTCY PROCEEDINGS. THIS SPECIAL PURPOSE SUBSIDIARY IS CALLED NGHP HOLDING CORPORATI

Program Service Accomplishments

Program 1

Expenses: $755,639 Revenue: $198,527

THE IFH FOUNDATION WAS ESTABLISHED FOR PURPOSES OF DEVOTING AND APPLYING ITS ASSETS EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE INSTITUTE FOR FAMILY HEALTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $198,527

Investment Income $0

Other Revenue $0

TOTAL REVENUE $198,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $755,639

Other Expenses $801,286

TOTAL EXPENSES $801,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,527	$198,527	N/A
Expenses	$801,286	$792,867	+0.0%
Net Income	$-602,759	$-594,340	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,001,527

Total Directors

$751,086

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL CALMAN	PRESIDENT	1.00	Officer Director	$0	$36,447	$751,086
OLLIE BROWN-CARRINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD M FRIED	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE DICIOCCIO	VP, CHIEF FINANCIAL OFFICE	1.00	Officer	$0	$14,494	$250,441

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	$198,527	$801,286	$19,503,378	$-602,759
2022	$198,527	$792,867	$20,225,715	$-594,340
2021	$198,527	$794,430	$20,934,216	$-595,903
2020	$200,864	$775,576	$21,639,111	$-574,712
2019	$27,360,681	$1,241,080	$22,319,581	$26,119,601
2018	$355,833	$1,137,174	$23,022,915	$-781,341