Ellman Discovery Foundation

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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

Phone

9732415391

Tax Period

2019-08-01 to 2020-07-31

Ellman Discovery Foundation, founded in 2015, is a micro nonprofit in the Human Services sector that reported $82K in total revenue in fiscal year 2019. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $107K exceeded revenue, resulting in a 29% operating deficit.

Mission

To develop partnerships with existing 501 (c)(3) organizations to develop new programs or expand existing programs to provide relief to impoverished, distressed, underprivileged, and disadvantaged individuals in northwestern New Jersey and to create new programs focusing on providing a pathway to financial independence for these same individuals.During its first year, the charity was focused on organizational activities and began launching these programs in its second year.

Program Service Accomplishments

Program 1

Expenses: $90,846

Two programs under development - mobile meal delivery for those in need and a transportation program that will turn donated vehicles into reliable transportation to enable individuals being served to...

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $82,325

Other Revenue $0

TOTAL REVENUE $82,325

Expense Breakdown

Grants Paid $84,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,846

Other Expenses $22,380

TOTAL EXPENSES $106,530

Year-over-Year Comparison

	2019	2018	Change
Revenue	$82,325	$43,425	+0.9%
Expenses	$106,530	$10,249	+9.4%
Net Income	$-24,205	$33,176	-1.7%

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

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
Blake Ellman	Pres/Sec'y	1.00	Officer Director	$0	$0	$0
Brenda Kay Basinger	Director	1.00	Director	$0	$0	$0
Colette B Cross	Director	1.00	Director	$0	$0	$0
Jeffrey Glenn Schwartz MD	Director	1.00	Director	$0	$0	$0
Catherine Ellman	Treasurer	1.00	Officer 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
2020	$82,325	$106,530	$4,004,930	$-24,205
2019	$43,425	$10,249	$3,934,129	$33,176
2018	$32,440	$93,097	$3,857,787	$-60,657