SOUTH FORK BAKERY FOR THE SPECIAL NEEDS CORP

EIN: 825525589 501(c)(3) Human Services

SAG HARBOR, NY

Total Revenue
$875,306
Total Expenses
$790,969
Total Assets
$358,426
Net Assets
$331,591
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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
ROBERT STEIN
Phone
6317251571
Tax Period
2024-01-01 to 2024-12-31

SOUTH FORK BAKERY FOR THE SPECIAL NEEDS CORP, founded in 2018, is a small nonprofit in the Human Services sector that reported $875K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $791K left a modest 10% surplus.

Mission

PROVIDE EMPLOYMENT OPPORTUNITIES FOR SPECIAL NEEDS INVIVIDUALS IN THE LOCAL AREA. INDIVIDUALS WITH SPECIAL NEEDS EARN WAGES, WHILE RECEIVING TRAINING AND SUPPORT TO GAIN THE SKILLS NEEDED FOR MEANINGFUL EMPLOYMENT BOTH WITHIN THE BAKERY AND ALONG CONVENTIONAL WORKFORCE PATHWAYS IN THE BROADER 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 (2024)

Revenue Breakdown

Contributions & Grants $704,685
Program Service Revenue $170,621
Investment Income $0
Other Revenue $0
TOTAL REVENUE $875,306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $453,237
Fundraising Expenses $17,886
Program Expenses $632,828
Other Expenses $337,732
TOTAL EXPENSES $790,969

Year-over-Year Comparison

2024 2023 Change
Revenue $875,306 $624,633 +0.4%
Expenses $790,969 $573,836 +0.4%
Net Income $84,337 $50,797 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
35
Volunteers
11

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
5
$142,846
Total Directors
11
$142,846
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN HAMILTON EXECUTIVE DI 40.00
Officer Director
$101,115 $0 $101,115
SHIRLEY RUCH FOUNDER& DIR 40.00
Officer Director
$41,731 $0 $41,731
JULIAN CHRISTOPHER BARROWCLIFFE BOARD MEMBER 5.00
Director
$0 $0 $0
ROY COHEN BOARD MEMBER 5.00
Director
$0 $0 $0
ROSE DIOS BOARD MEMBER 5.00
Director
$0 $0 $0
LIZ ILEGNFRITZ BOARD MEMBER 5.00
Director
$0 $0 $0
JANE MILLARD VICE PRESIDE 10.00
Officer Director
$0 $0 $0
KATHLEEN MULLIGAN BOARD MEMBER 5.00
Director
$0 $0 $0
LONNY SCHWARTZ TREASURER 10.00
Officer Director
$0 $0 $0
JO ANN SECOR-SKOLNICK BOARD MEMBER 5.00
Director
$0 $0 $0
ROBERT STEIN CHAIR OF THE 10.00
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 $875,306 $790,969 $358,426 $84,337
2023 $624,633 $573,836 $248,534 $50,797
2022 $516,699 $458,540 $190,056 $58,159
2021 $381,224 $374,651 $136,594 $6,573
2020 $270,633 $201,653 $130,021 $68,980
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