THE JOE GARASSINO FOUNDATION INC (EIN 462601479) - 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

2013

Legal Domicile

Principal Officer

ROBERT SCOTT

Phone

2035181320

Tax Period

2023-01-01 to 2023-12-31

THE JOE GARASSINO FOUNDATION INC, founded in 2013, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $85K in total revenue in fiscal year 2023. The organization ran a surplus of $24K, a strong 28% operating margin.

Mission

THE MISSION OF THE JOE GARASSINO FOUNDATION IS TO PROVIDE RESOURCES TO PERSONS CHALLENGED BY CHOLANGIOCARCINOMA AND OTHER CANCERS IN A WAY THAT BROADENS AWARENESS AND PROVIDES FUNDING FOR SHELTER, MEDICINE, AND TREATMENT, SO THAT THOSE AFFECTED MAY BE FOCUSED ON MUTUAL SUPPORT AND ENCOURAGEMENT.

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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 $14,303

Program Service Revenue $0

Investment Income $7,344

Other Revenue $63,035

TOTAL REVENUE $84,682

Expense Breakdown

Grants Paid $53,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,006

Other Expenses $7,818

TOTAL EXPENSES $60,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,682	$84,699	0.0%
Expenses	$60,818	$36,844	+0.7%
Net Income	$23,864	$47,855	-0.5%

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

N/A

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
LISA BENEMERITO	DIRECTOR	2.00	Director	$0	$0	$0
KAREN MCWHIRT	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MANDIA	DIRECTOR	2.00	Director	$0	$0	$0
JOHN EASTWOOD	DIRECTOR	2.00	Director	$0	$0	$0
ELAINE LEPORE	DIRECTOR	2.00	Director	$0	$0	$0
ERIN BENVEGNU	DIRECTOR	2.00	Director	$0	$0	$0
LISBETH GARASSINO	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL GARASSINO	PRESIDENT	15.00	Officer	$0	$0	$0
ROBERT SCOTT	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DENISE BENEMERITO	TREASURER	5.00	Officer	$0	$0	$0
PAUL OBEAR	SECRETARY	3.00	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	$84,682	$60,818	$471,750	$23,864
2022	$84,699	$36,844	$457,464	$47,855
2021	$122,564	$28,662	$409,609	$93,902
2020	$17,055	$5,461	$315,707	$11,594
2019	$62,283	$37,492	$304,113	$24,791
2018	$97,384	$31,994	$279,322	$65,390

THE JOE GARASSINO FOUNDATION INC