THE SKYLINE CHARITABLE FOUNDATION … - Form 990 Financial Data

🔒

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

2013

Legal Domicile

Principal Officer

SHANA MCCORMICK

Phone

9294014681

Tax Period

2023-01-01 to 2023-12-31

THE SKYLINE CHARITABLE FOUNDATION INC, founded in 2013, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

THE CORPORATION IS FORMED FOR THE CHARITABLE PURPOSE OF IMPROVING THE COMMUNITY BY IDENTIFYING AND INITIATING SERVICES THAT ADDRESS ALL ASPECTS OF COMMUNITY NEED. THE CORPORATION DEVELOPS AND MANAGES PROGRAMS TO HELP ALL PEOPLE LEAD HEALTHY, PRODUCTIVE LIVES. IT SEEKS TO ENSURE THAT ALL PEOPLE ESPECIALLY THOSE WITH THE FEWEST RESOURCES HAVE ACCESS TO THE OPPORTUNITIES THEY NEED TO LEAD FULL PRODUCTIVE LIVES. BY PROVIDING VARIOUS FORMS OF SUPPORT TO THE COMMUNITY WE STRIVE TO HELP THOSE IN NEED ENRICH THEIR LIVES BY SUCCEEDING PERSONALLY, ACADEMICALLY, AND IN THEIR EMPLOYMENT, TRADE, OR PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $1,498,808 Revenue: $69,694

RAP4BRONX COLLECTS AND DONATES FOOD MEALS, GROCERIES AND ESSENTIAL SUPPLIES TO HELP FRONTLINE WORKERS, FAMILIES, SENIORS AND VULNERABLE RESIDENTS IN THE BRONX, NY AREA. RAP4BRONX WORKS WITH FOOD...

RAP4BRONX COLLECTS AND DONATES FOOD MEALS, GROCERIES AND ESSENTIAL SUPPLIES TO HELP FRONTLINE WORKERS, FAMILIES, SENIORS AND VULNERABLE RESIDENTS IN THE BRONX, NY AREA. RAP4BRONX WORKS WITH FOOD PANTRIES, SENIOR CITIZEN HOMES AND OTHER NON-PROFITS TO HELP ALLEVIATE THE STRESS FOR COMMUNITY MEMBERS WHO FIND THEMSELVES AT THE INTERSECTION OF BEING MOST VULNERABLE TO THE COVID-19 AND MOST IMPACTED BY INEQUITY. SINCE THE PROGRAM'S INCEPTION, THE VOLUNTEERS AND PROGRAM COORDINATOR OF RAP4BRONX HAVE DELIVERED OVER ONE MILLION MEALS TO BRONX RESIDENTS IN NEED.

Program 2

Expenses: $126,716

THE ORGANIZATION HOSTS AN ANNUAL GOLF OUTING BENEFITING VARIOUS CHARITIES.

Program 3

Expenses: $278,150

FUNDS ARE RAISED VIA EVENTS SUCH AS THE ANNUAL CHARITABLE GOLF CLASSIC AND ARE REGRANTED TO ORGANIZATIONS CARRYING OUT WORK ALIGNED WITH THE FOUNDATION'S MISSION. FUNDS ARE ALSO RECEIVED BY THE...

FUNDS ARE RAISED VIA EVENTS SUCH AS THE ANNUAL CHARITABLE GOLF CLASSIC AND ARE REGRANTED TO ORGANIZATIONS CARRYING OUT WORK ALIGNED WITH THE FOUNDATION'S MISSION. FUNDS ARE ALSO RECEIVED BY THE FOUNDATION AND REGRANTED TO INDIVIDUALS, ORGANIZATIONS AND GRASSROOT INITIATIVES AS PER DONOR'S DIRECTION AND WHOSE WORK IS IN LINE WITHTHE FOUNDATION'S MISSION.

🔒

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 $1,628,898

Program Service Revenue $69,694

Investment Income $0

Other Revenue $324,166

TOTAL REVENUE $2,022,758

Expense Breakdown

Grants Paid $155,708

Salaries & Benefits $461,638

Fundraising Expenses $0

Program Expenses $1,903,674

Other Expenses $1,357,497

TOTAL EXPENSES $1,974,843

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,022,758	$2,377,965	-0.1%
Expenses	$1,974,843	$2,401,091	-0.2%
Net Income	$47,915	$-23,126	-3.1%

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

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

$128,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN KALAFATIS	FOUNDER & VICE PRESIDENT	2.00	Director	$0	$0	$0
TONY HILLERY	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID NIDUS	BOARD MEMBER	2.00	Director	$0	$0	$0
RYGO FOSS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHAN ANDREATOS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN PANTANELLI	PRESIDENT	2.00	Director	$0	$0	$0
SHANA MCCORMICK	EXECUTIVE DIRECTOR	40.00	Officer	$94,685	$33,814	$128,499

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	$2,022,758	$1,974,843	$117,886	$47,915
2022	$2,377,965	$2,401,091	$65,457	$-23,126
2021	$4,361,183	$4,400,129	$105,458	$-38,946
2020	$3,554,645	$3,502,916	$110,424	$51,729
2019	$206,899	$198,583	$9,591	$8,316
2018	$207,253	$214,661	$1,275	$-7,408

THE SKYLINE CHARITABLE FOUNDATION INC