FOUR BLOCK FOUNDATION INC

EIN: 463575713 501(c)(3) Employment

NEW YORK, NY

Total Revenue
$3,074,669
Total Expenses
$3,720,514
Total Assets
$2,647,170
Net Assets
$2,466,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
MICHAEL ABRAMS
Phone
5189290519
Tax Period
2024-01-01 to 2024-12-31

FOUR BLOCK FOUNDATION INC, founded in 2013, is a community nonprofit in the Employment sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

WE SUPPORT, EDUCATE, AND PREPARE RETURNING ENLISTED SERVICE MEMBERS WITH PURSUING MEANINGFUL CAREERS THAT CAPITALIZE ON THEIR INTERESTS, STRENGTHS, AND CAPABILITIES. WE ALSO ASSIST AND ADVISE EMPLOYERS WITH ATTRACTING AND ON-BOARDING VETERANS THAT ARE A SKILLS AND CULTURAL MATCH AT THEIR COMPANIES. OUR MANTRA IS "THE RIGHT VETERAN, THE RIGHT CAREER."

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,033,722
Program Service Revenue $0
Investment Income $40,947
Other Revenue $0
TOTAL REVENUE $3,074,669

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,757,407
Fundraising Expenses $175,126
Program Expenses $3,234,586
Other Expenses $1,963,107
TOTAL EXPENSES $3,720,514

Year-over-Year Comparison

2024 2023 Change
Revenue $3,074,669 $1,305,430 +1.4%
Expenses $3,720,514 $2,751,539 +0.4%
Net Income $-645,845 $-1,446,109 -0.6%
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

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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
7
Independent Members
7
Employees
70
Volunteers
400

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
5
$191,900
Total Directors
9
$191,900
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL ABRAMS PRESIDENT/NON-VOTING DIRECTOR 50.00
Officer Director
$190,000 $1,900 $191,900
MISSY OWENS DIRECTOR 1.00
Director
$0 $0 $0
RICH STEHL SECRETARY 1.00
Officer Director
$0 $0 $0
BILL MURRAY TREASURER 1.00
Officer Director
$0 $0 $0
LINDSAY POLLAK VICE CHAIR 1.00
Officer Director
$0 $0 $0
JO ANN ROSS DIRECTOR 1.00
Director
$0 $0 $0
DARREN SUMTER CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHARLES KRULAK NON-VOTING DIRECTOR 1.00
Director
$0 $0 $0
CHRIS PINK DIRECTOR 1.00
Director
$0 $0 $0
QUETA RODRIGUEZ NATIONAL OPERATIONS DIRECTOR 50.00
Highest
$143,846 $11,405 $155,251
GARY GUZMAN REGIONAL DIRECTOR VIRTUAL PROGRAMS 50.00
Highest
$104,423 $0 $104,423
VICTOR LANCE REGIONAL PARTNERSHIPS DIRECTOR 50.00
Highest
$112,885 $3,386 $116,271
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 $3,074,669 $3,720,514 $2,647,170 $-645,845
2023 $1,305,430 $2,751,539 $3,297,277 $-1,446,109
2022 $4,550,708 $2,141,974 $4,713,378 $2,408,734
2021 $2,550,639 $3,006,853 $2,669,375 $-456,214
2020 $2,390,376 $2,094,395 $3,027,663 $295,981
2019 $3,063,158 $2,301,608 $2,324,971 $761,550
2019 $3,063,158 $2,301,608 $2,324,971 $761,550
2018 $2,685,236 $1,864,356 $1,572,271 $820,880
2018 $2,685,236 $1,864,356 $1,572,271 $820,880
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