MORSELIFE FOUNDATION INC (EIN 592774476) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Phone

5614715111

Tax Period

2024-06-01 to 2025-05-31

MORSELIFE FOUNDATION INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $7.0M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $8.8M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO SUPPORT ALL AFFILIATED AGENCIES FOR THE PURPOSE OF ENHANCING SENIOR LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,597,880

Program Service Revenue $0

Investment Income $1,346,367

Other Revenue $12,850

TOTAL REVENUE $6,957,097

Expense Breakdown

Grants Paid $4,002,020

Salaries & Benefits $1,742,665

Fundraising Expenses $3,046,754

Program Expenses $5,566,842

Other Expenses $3,050,213

TOTAL EXPENSES $8,794,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,957,097	$10,426,908	-0.3%
Expenses	$8,794,898	$9,975,326	-0.1%
Net Income	$-1,837,801	$451,582	-5.1%

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

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

$767,970

Total Directors

Key Employees

$341,043

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH MYERS	CEO, PRESIDENT	2.0	Officer Director	$0	$0	$0
MICHAEL MARGOLIS	CHAIRMAN	2.0	Officer Director	$0	$0	$0
RANDY WOLAN	CFO	2.0	Officer Director	$0	$0	$0
RICHARD ROTHSCHILD	TREASURER/SECRETARY	2.0	Officer Director	$0	$0	$0
ARTHUR LORING	DIRECTOR	2.0	Director	$0	$0	$0
DAVID MACK	DIRECTOR	2.0	Director	$0	$0	$0
DONALD EPHRAIM	DIRECTOR	2.0	Director	$0	$0	$0
FRANCINE KITTREDGE	DIRECTOR	2.0	Director	$0	$0	$0
GARY GRANOOF	DIRECTOR	2.0	Director	$0	$0	$0
HOWARD KAYE	DIRECTOR	2.0	Director	$0	$0	$0
JOSEPH JACOB	DIRECTOR	2.0	Director	$0	$0	$0
RONALD BERK	DIRECTOR	2.0	Director	$0	$0	$0
ROY APPLE	DIRECTOR	2.0	Director	$0	$0	$0
STANLEY KATZ	DIRECTOR	2.0	Director	$0	$0	$0
SUSAN MENDIK	DIRECTOR	2.0	Director	$0	$0	$0
TERRI SRIBERG	DIRECTOR	2.0	Director	$0	$0	$0
CAROLYN ROSE	SENIOR VP, ML FOUNDATION	40.0	Officer	$385,125	$29,309	$414,434
JOAN BEVER	SENIOR VICE PRESIDENT, EVENTS	40.0	Officer	$343,025	$10,511	$353,536
IRVING GEFFEN	VP OF MORSELIFE FOUNDATION	40.0	Key Emp	$305,069	$35,974	$341,043
ASHLEY ROBINSON	DIRECTOR OF EVENTS	40.0	Highest	$160,011	$20,480	$180,491
HOPE LEVIN	VP OF LEADERSHIP GIVING	40.0	Highest	$233,803	$23,988	$257,791
MARY ALICE PAPPAS	FORMER SVP OF FOUNDATION	0.0		$113,422	$0	$113,422

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
2025	$6,957,097	$8,794,898	$39,159,798	$-1,837,801
2024	$10,426,908	$9,975,326	$37,377,770	$451,582
2023	$7,346,823	$11,597,642	$45,346,078	$-4,250,819
2022	$14,295,083	$10,125,216	$49,056,952	$4,169,867
2021	$10,089,955	$7,925,885	$60,188,251	$2,164,070
2020	$7,913,735	$6,519,419	$37,661,565	$1,394,316
2019	$5,858,674	$9,250,777	$33,504,935	$-3,392,103
2018	$8,289,195	$9,381,711	$39,835,912	$-1,092,516

MORSELIFE FOUNDATION INC