FOUNDATION FOR SPECIAL NEEDS INDEPENDENCE (EIN 821542369) - 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

MARK JOSEFOVIC

Phone

7189712509

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR SPECIAL NEEDS INDEPENDENCE, founded in 2017, is a small nonprofit in the Human Services sector that reported $370K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $417K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE FINANCIAL ASSISTANCE TO OTHER ORGANIZATIONS SERVING PEOPLE WITH DISABILITIES AS WELL AS TO INDIVIDUALS OF ALL AGES WITH DISABILITIES AND TO ENSURE THAT DISABLED INDIVIDUALS CAN MAINTAIN THEIR INDEPENDENCE IN THEIR COMMUNITY OR CURRENT ENVIRONMENT.

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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 $370,096

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $370,096

Expense Breakdown

Grants Paid $407,538

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $407,538

Other Expenses $9,835

TOTAL EXPENSES $417,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,096	$436,765	-0.2%
Expenses	$417,373	$419,673	0.0%
Net Income	$-47,277	$17,092	-3.8%

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
MARK JOSEFOVIC	PRESIDENT	1.00	Officer Director	$0	$0	$0
BINYOMIN MANDELBAUM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
YITZCHOK ITZKOWITZ	TREASURER	2.00	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
2024	No data	No data	No data	No data
2023	$370,096	$417,373	$13,871	$-47,277
2022	$436,765	$419,673	$66,337	$17,092
2021	$288,207	$253,816	$53,794	$34,391
2020	$239,924	$261,069	$10,498	$-21,145
2019	$212,864	$175,161	$31,643	$37,703

FOUNDATION FOR SPECIAL NEEDS INDEPENDENCE