FLORENCE AND CHARLES HOFFBERGER CHARITABLE FOUNDATION INC (EIN 521801455) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

MICHAEL I FRIEDMAN

Phone

4107274828

Tax Period

2023-01-01 to 2023-12-31

FLORENCE AND CHARLES HOFFBERGER CHARITABLE FOUNDATION INC, founded in 1992, is a micro nonprofit that reported $15K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $28K exceeded revenue, resulting in a 89% operating deficit.

Mission

TO CARRY OUT THE CHARITABLE, EDUCATIONAL, & RELIGIOUS PURPOSES OF THE ASSOCIATED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $14,970

Other Revenue $0

TOTAL REVENUE $14,970

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,000

Other Expenses $9,265

TOTAL EXPENSES $28,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,970	$11,439	+0.3%
Expenses	$28,265	$28,733	0.0%
Net Income	$-13,295	$-17,294	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$380,432

Total Directors

$380,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL I FRIEDMAN	PRESIDENT & PUBLIC DIRECTO	0.15	Officer Director	$0	$11,879	$259,711
LAUREN KLEIN	SECRETARY & PUBLIC DIRECTOR	0.15	Officer Director	$0	$5,326	$120,721
LOIS H HALPERT	VICE PRESIDENT & DONOR DIR	0.15	Officer Director	$0	$0	$0
HELLER H ZAIMAN	TREASURER & DONOR DIRECTOR	0.15	Officer Director	$0	$0	$0
DEBORAH WECHSLER	PUBLIC DIRECTOR	0.15	Director	$0	$0	$0
HARRY HALPERT	DONOR DIRECTOR	0.15	Director	$0	$0	$0
JENNY GAMLIEL	PUBLIC DIRECTOR	0.15	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
2024	No data	No data	No data	No data
2023	$14,970	$28,265	$965,248	$-13,295
2022	$11,439	$28,733	$900,454	$-17,294
2021	$39,039	$31,055	$1,109,004	$7,984
2020	$17,361	$59,691	$973,356	$-42,330

FLORENCE AND CHARLES HOFFBERGER CHARITABLE FOUNDATION INC