FOOD ALLERGY FUND

EIN: 824494240 501(c)(3) Medical Research

NEW YORK, NY

Total Revenue
$1,915,611
Total Expenses
$1,513,134
Total Assets
$1,321,220
Net Assets
$1,295,405
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
ILANA GOLANT
Phone
9179231922
Tax Period
2024-01-01 to 2024-12-31

FOOD ALLERGY FUND, founded in 2018, is a community nonprofit in the Medical Research sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $402K, a strong 21% operating margin.

Mission

THE FOOD ALLERGY FUND IS DEDICATED TO FUNDING FOOD ALLERGY RESEARCH FOCUSED ON THE UNDERLYING CAUSES OF FOOD ALLERGIES AND IMPROVED TREATMENTS FOR PEOPLE WITH FOOD ALLERGIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,846,784
Program Service Revenue $38,240
Investment Income $30,587
Other Revenue $0
TOTAL REVENUE $1,915,611

Expense Breakdown

Grants Paid $923,366
Salaries & Benefits $320,391
Fundraising Expenses $125,942
Program Expenses $1,213,424
Other Expenses $269,377
TOTAL EXPENSES $1,513,134

Year-over-Year Comparison

2024 2023 Change
Revenue $1,915,611 $851,088 +1.3%
Expenses $1,513,134 $833,292 +0.8%
Net Income $402,477 $17,796 +21.6%
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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Governance

Voting Members
9
Independent Members
8
Employees
1
Volunteers
10

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
3
$300,000
Total Directors
9
$300,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ILANA GOLANT FOUNDER & CEO, CHAIR 40.00
Officer Director
$300,000 $0 $300,000
SUSAN WEISSMAN CHAIR, TREASURER 25.00
Officer Director
$0 $0 $0
MICHELLE LOBEL SECRETARY 5.00
Officer Director
$0 $0 $0
MARIA ACEBAL BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY SWARTZ BOARD MEMBER 1.00
Director
$0 $0 $0
HANNA RICHHEIMER BOARD MEMBER 1.00
Director
$0 $0 $0
KIM OSTHEIMER BOARD MEMBER 1.00
Director
$0 $0 $0
BUZZY GEDULD BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINA HUFFINGTON BOARD MEMBER 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 $1,915,611 $1,513,134 $1,321,220 $402,477
2023 $851,088 $833,292 $861,797 $17,796
2022 $679,944 $728,327 $848,797 $-48,383
2021 $738,280 $267,554 $895,470 $470,726
2019 $212,209 $71,435 $282,937 $140,774
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