BUSTANY FAMILY FOUNDATION INC

EIN: 673139737 501(c)(3) Philanthropy & Grantmaking

MORRISTOWN, NJ

Total Revenue
$154,093
Total Expenses
$183,719
Total Assets
$1,698,118
Net Assets
$1,698,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NJ
Principal Officer
LAUFEY V BUSTANY
Phone
9736523800
Tax Period
2024-01-01 to 2024-12-31

BUSTANY FAMILY FOUNDATION INC, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $154K in total revenue in fiscal year 2024. Expenses of $184K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE CONTRIBUTIONS TO GENERAL CHARITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $100,000
Program Service Revenue $0
Investment Income $54,093
Other Revenue $0
TOTAL REVENUE $154,093

Expense Breakdown

Grants Paid $166,200
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $166,200
Other Expenses $17,519
TOTAL EXPENSES $183,719

Year-over-Year Comparison

2024 2023 Change
Revenue $154,093 $145,823 +0.1%
Expenses $183,719 $94,000 +1.0%
Net Income $-29,626 $51,823 -1.6%
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
2
Independent Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR S TED BUSTANY PRESIDENT N/A
Director
$0 $0 $0
LAUFEY V BUSTANY TREASURER N/A
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 $154,093 $183,719 $1,698,118 $-29,626
2023 $145,823 $94,000 $1,594,248 $51,823
2022 $773 $64,183 $1,345,532 $-63,410
2021 $185,491 $93,886 $1,656,301 $91,605
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