VERICON FOUNDATION A NJ NONPROFIT CORPORATION

EIN: 472818423 501(c)(3) Human Services

MOUNTAINSIDE, NJ

Total Revenue
N/A
Total Expenses
$32,680
Total Assets
$709,332
Net Assets
$709,332
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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
2015
Legal Domicile
NJ
Principal Officer
CHARLES DEANGELIS
Phone
9088730022
Tax Period
2019-01-01 to 2019-12-31

Mission

THE ORGANIZATION WAS FORMED TO PROMOTE, WITHOUT LIMITATION, THE RESEARCH AND DEVELOPMENT OF CURES FOR DISEASES AS WELL AS TO ASSIST WITH PROGRAMS THAT ASSIST THE POOR AND SUCH OTHER DISADVANTAGED PERSONS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $32,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,500
Other Expenses $180
TOTAL EXPENSES $32,680

Year-over-Year Comparison

2019 2018 Change
Revenue N/A $200,000 -1.0%
Expenses $32,680 $31,201 +0.0%
Net Income N/A $168,799 N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES A DEANGELIS PRESIDENT AND TRUSTEE 1.00
Officer Director
$0 $0 $0
TRICIA A VOHDEN TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN M MELLETT TRUSTEE 1.00
Director
$0 $0 $0
ROBERT MIKELL TRUSTEE 1.00
Director
$0 $0 $0
JUSTIN HERMEY TRUSTEE 1.00
Director
$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
2019 No data $32,680 $709,332 No data
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