ROTARY DISTRICT 7980 C/O ADAM J KASOWITZ CPA (EIN 800355652) - 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

1942

Legal Domicile

Principal Officer

CHRISTENE FREEDMAN

Phone

2038828500

Tax Period

2023-07-01 to 2024-06-30

ROTARY DISTRICT 7980 C/O ADAM J KASOWITZ CPA, founded in 1942, is a small nonprofit that reported $137K in total revenue in fiscal year 2023. Expenses of $155K exceeded revenue, resulting in a 13% operating deficit.

Mission

SUPPORT DISTRICT 7980 ROTARY CLUB ACTIVITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $135,512

Investment Income $1,613

Other Revenue $0

TOTAL REVENUE $137,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $152,658

Other Expenses $155,433

TOTAL EXPENSES $155,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,125	$132,363	+0.0%
Expenses	$155,433	$168,061	-0.1%
Net Income	$-18,308	$-35,698	-0.5%

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
ADAM J KASOWITZ CPA	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTENE FREEDMAN	DISTRICT GOV	5.00	Officer Director	$0	$0	$0
ROBERT FRIEND	DGE	1.00	Officer Director	$0	$0	$0
PAUL MANGELS	ASSISTANT TR	1.00	Officer Director	$0	$0	$0
STEPHANIE PHILIPS	DGN	1.00	Officer Director	$0	$0	$0
JOE SHAPIRO	SECRETARY	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
2025	No data	No data	No data	No data
2024	$137,125	$155,433	$107,644	$-18,308
2023	$132,363	$168,061	$125,952	$-35,698
2022	$124,206	$142,008	$161,650	$-17,802
2021	$106,335	$101,282	$179,452	$5,053
2019	$195,383	$200,183	$159,199	$-4,800
2018	$215,503	$239,129	$163,999	$-23,626

ROTARY DISTRICT 7980 C/O ADAM J KASOWITZ CPA