THE FERRO FOUNDATION INC

EIN: 814817970 501(c)(3) Philanthropy & Grantmaking

COMMACK, NY

Total Revenue
$142,328
Total Expenses
$90,046
Total Assets
$230,317
Net Assets
$230,242
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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
2016
Legal Domicile
NY
Principal Officer
SALVATORE FERRO
Phone
5162874789
Tax Period
2022-12-01 to 2023-11-30

THE FERRO FOUNDATION INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $142K in total revenue in fiscal year 2022. The organization ran a surplus of $52K, a strong 37% operating margin.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $142,328
TOTAL REVENUE $142,328

Expense Breakdown

Grants Paid $84,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $84,750
Other Expenses $5,296
TOTAL EXPENSES $90,046

Year-over-Year Comparison

2022 2021 Change
Revenue $142,328 N/A N/A
Expenses $90,046 N/A N/A
Net Income $52,282 N/A N/A
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
6
Independent Members
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRIS AMPLO BOARD MEMBER N/A
Director
$0 $0 $0
CHRISTOPHER FERRO BOARD MEMBER N/A
Director
$0 $0 $0
JOE HATZFELD BOARD MEMBER N/A
Director
$0 $0 $0
DR HENRY SIKORSKI BOARD MEMBER N/A
Director
$0 $0 $0
SALVATORE FERRO PRESIDENT N/A
Officer
$0 $0 $0
SETH SELESNOW TREASURER N/A
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
2024 No data No data No data No data
2023 $142,328 $90,046 $230,317 $52,282
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