TC OPEN CHARITABLE FOUNDATION

EIN: 455378987 501(c)(3) Philanthropy & Grantmaking

VENETIA, PA

Total Revenue
$263,213
Total Expenses
$338,136
Total Assets
$20,550
Net Assets
$550
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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
2012
Legal Domicile
PA
Principal Officer
THOMAS PIROSKO
Phone
7244137125
Tax Period
2018-01-01 to 2018-12-31

TC OPEN CHARITABLE FOUNDATION, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $263K in total revenue in fiscal year 2018. Expenses of $338K exceeded revenue, resulting in a 28% operating deficit.

Mission

The TC Open Charitable Foundation was started with the simple concept of giving back. It has donated to various children's charities including The Make-A-Wish Foundation, the Miele Foundation and the Semper Fi Fund Kids Camp.

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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 (2018)

Revenue Breakdown

Contributions & Grants $263,213
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,213

Expense Breakdown

Grants Paid $262,949
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $338,136
Other Expenses $75,187
TOTAL EXPENSES $338,136

Year-over-Year Comparison

2018 2017 Change
Revenue $263,213 N/A N/A
Expenses $338,136 N/A N/A
Net Income $-74,923 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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
10

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS J PIROSKO PRESIDENT AND CO-CHAIRMAN 10.00
Officer
$0 $0 $0
CHRISTOPHER PRADO FOUNDER AND CO-CHAIRMAN 10.00
Officer
$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
2018 $263,213 $338,136 $20,550 $-74,923
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