The O'Connell Organization Family Foundation INC (EIN 461245372) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

GREGORY O'CONNER

Phone

7186240160

Tax Period

2023-01-01 to 2023-12-31

The O'Connell Organization Family Foundation INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $148K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 615% operating deficit.

Mission

To encourage the preservation of the architectural character and diversity of the Red Hook neighborhood in the Borough of Brooklyn, Kings County, and to take such actions as are necessary and useful to promote that goal.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,827

Program Service Revenue $0

Investment Income $0

Other Revenue $127,500

TOTAL REVENUE $148,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,060,150

Other Expenses $1,060,150

TOTAL EXPENSES $1,060,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,327	$144,002	+0.0%
Expenses	$1,060,150	$480,866	+1.2%
Net Income	$-911,823	$-336,864	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MCCORMICH	MEMBER	005.00	Officer Director	$0	$0	$0
GREGORY O'CONNELL	MEMBER	005.00	Officer	$0	$0	$0
ELIZABETH O'CONNELL	MEMBER	005.00	Officer	$0	$0	$0
MICHAEL O'CONNELL	MEMBER	005.00	Officer	$0	$0	$0
GREGORY T O'CONNELL	MEMBER	005.00	Officer	$0	$0	$0
JEROME ARMER	MEMBER	005.00	Officer	$0	$0	$0
JOSEPH ANASTASI	MEMBER	005.00	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
2024	No data	No data	No data	No data
2023	$148,327	$1,060,150	$4,818,438	$-911,823
2022	$144,002	$480,866	$5,730,261	$-336,864
2021	$911,156	$116,225	$6,067,125	$794,931
2020	$1,708,755	$1,175,317	$5,272,194	$533,438
2019	$1,049,151	$61,450	$4,738,756	$987,701
2018	$206,194	$381,007	$3,751,054	$-174,813

The O'Connell Organization Family Foundation INC