THE MORTY FRANK MEMORIAL FUND INC (EIN 800002365) - 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

2001

Legal Domicile

Phone

2127723265

Tax Period

2024-01-01 to 2024-12-31

THE MORTY FRANK MEMORIAL FUND INC, founded in 2001, is a micro nonprofit in the Education sector that reported $22K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $67K exceeded revenue, resulting in a 202% operating deficit.

Mission

TO AWARD SCHOLARSHIPS TO DESERVING HIGH SCHOOL SENIORS AND CONTINUING SCHOLARSHIPS TO PRIOR AWARDEES. CONTRIBUTIONS TO OTHER 501(C)(3)ORGANIZATIONS.

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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 $6,686

Program Service Revenue $0

Investment Income $15,431

Other Revenue $0

TOTAL REVENUE $22,117

Expense Breakdown

Grants Paid $60,077

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,688

Other Expenses $6,611

TOTAL EXPENSES $66,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,117	$16,998	+0.3%
Expenses	$66,688	$54,140	+0.2%
Net Income	$-44,571	$-37,142	+0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA BERNSTEIN	TRUSTEEDIRECTOR	10.00	Director	$0	$0	$0
PHYLISS FRANK	TRUSTEEOFFICER	10.00	Officer	$0	$0	$0
RHONDA FRANK	OFFICER	10.00	Officer	$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
2025	No data	No data	No data	No data
2024	$22,117	$66,688	$284,517	$-44,571
2023	$16,998	$54,140	$329,088	$-37,142
2022	$18,446	$82,240	$366,230	$-63,794
2021	$72,552	$106,880	$430,024	$-34,328
2020	$3,427	$86,941	$464,352	$-83,514

THE MORTY FRANK MEMORIAL FUND INC