MODACARES FOUNDATION INC

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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

EVIE EVANGELOU

Phone

9178060090

Tax Period

2023-01-01 to 2023-12-31

MODACARES FOUNDATION INC, founded in 2014, is a small nonprofit in the International Affairs sector that reported $246K in total revenue in fiscal year 2023.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $235,804

THE ORGANIZATION SPONSORED 2 MAIN EVENTS IN 2023 TO SUPPORT THE UN SUSTAINABLE DEVELOPMENT GOALS, SUPPORT WOMEN OWNED SMALL BUSINESS THROUGH MENTORSHIP ON BRAND DEVELOPMENT, ENHANCE ECONOMIC...

THE ORGANIZATION SPONSORED 2 MAIN EVENTS IN 2023 TO SUPPORT THE UN SUSTAINABLE DEVELOPMENT GOALS, SUPPORT WOMEN OWNED SMALL BUSINESS THROUGH MENTORSHIP ON BRAND DEVELOPMENT, ENHANCE ECONOMIC DEVELOPMENT THROUGH PARTNERSHIPS AND MORE VISIBILITY THROUGH SMALLER EVENTS AND GATHERINGS. THROUGH MARKETING AND PUBLIC RELATIONS WE CREATE AWARENESS AND EDUCATION AND PROVIDE ACCESS TO INNOVATIONS FOR GREENER SUPPLY CHAINS AND HEALTHIER DAILY LIFESTYLE UTILIZING THE POWER OF FASHION AND THE CREATIVE ARTS.

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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 $245,793

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $245,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,652

Program Expenses $235,804

Other Expenses $255,524

TOTAL EXPENSES $255,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,793	$249,317	0.0%
Expenses	$255,524	$247,602	+0.0%
Net Income	$-9,731	$1,715	-6.7%

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
EUGENIA EVANGELOU	DIRECTOR	5.00	Director	$0	$0	$0
EVIE EVANGELOU	PRESIDENT	5.00	Officer	$0	$0	$0
MERCEDES ALAGNA	TREASURER	5.00	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	$245,793	$255,524	$276	$-9,731
2022	$249,317	$247,602	$10,007	$1,715