GFYC FOUNDATION INC C/O DEBRA BLUMAN

EIN: 821999192 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$142,190
Total Expenses
$171,465
Total Assets
$118,897
Net Assets
$118,897
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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
NY
Principal Officer
DEBRA BLUMAN
Phone
9175665665
Tax Period
2023-01-01 to 2023-12-31

GFYC FOUNDATION INC C/O DEBRA BLUMAN, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $142K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $171K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO SUPPORT ALL THOSE AFFECTED BY THE DIAGNOSIS OF CANCER. TO PROVIDE FUNDING FOR RESEARCH, FINANCIAL AND PSYCHOLOGICAL SUPPORT FOR PATIENTS AND CAREGIVERS ALIKE. TO PROVIDE HOPE WHEN THEY NEED IT MOST BECAUSE "HOPE IS A GOOD THING, MAYBE EVEN THE BEST OF THINGS, AND GOOD THINGS NEVER DIE." - SHAWSHANK REDEMPTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $226,375
Program Service Revenue $0
Investment Income $0
Other Revenue $-84,185
TOTAL REVENUE $142,190

Expense Breakdown

Grants Paid $92,500
Salaries & Benefits $0
Fundraising Expenses $63,252
Program Expenses $97,263
Other Expenses $15,713
TOTAL EXPENSES $171,465

Year-over-Year Comparison

2023 2022 Change
Revenue $142,190 $96,621 +0.5%
Expenses $171,465 $128,997 +0.3%
Net Income $-29,275 $-32,376 -0.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBRA BLUMAN DIRECTOR 2.00
Director
$0 $0 $0
JOSH FELDMAN DIRECTOR 2.00
Director
$0 $0 $0
LEE SPARAGA DIRECTOR 2.00
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 $142,190 $171,465 $118,897 $-29,275
2022 $96,621 $128,997 $148,172 $-32,376
2021 $78,893 $83,525 $180,548 $-4,632
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