DEBRA C PARMENTOLA FOUNDATION (EIN 814384979) - 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

2017

Legal Domicile

Principal Officer

PAUL M PARENTOLA

Phone

7326488406

Tax Period

2023-01-01 to 2023-12-31

DEBRA C PARMENTOLA FOUNDATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $158K in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 72% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND OTHER EDUCATIONAL SUPPORT TO WORTHY CANDIDATES

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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 $91,063

Program Service Revenue $0

Investment Income $10,651

Other Revenue $55,854

TOTAL REVENUE $157,568

Expense Breakdown

Grants Paid $38,900

Salaries & Benefits $0

Fundraising Expenses $1,867

Program Expenses $38,900

Other Expenses $4,555

TOTAL EXPENSES $43,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,568	$74,514	+1.1%
Expenses	$43,455	$45,576	0.0%
Net Income	$114,113	$28,938	+2.9%

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

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
KONSTANTINOS MAIMIS	PRES	1.00	Officer Director	$0	$0	$0
MICHELLE PATTI	VP	1.00	Officer Director	$0	$0	$0
ALEXANDER MAIMIS	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTINA MAIMIS	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL PARMENTOLA	DIRECTOR	1.00	Director	$0	$0	$0
MARIA PARMENTOLA	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS PARMENTOLA	DIRECTOR	1.00	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	$157,568	$43,455	$667,809	$114,113
2022	$74,514	$45,576	$553,696	$28,938
2021	$100,426	$35,485	$524,758	$64,941
2020	$104,832	$27,695	$459,817	$77,137
2019	$107,082	$33,967	$382,680	$73,115
2018	$189,701	$29,313	$309,565	$160,388

DEBRA C PARMENTOLA FOUNDATION