THE PETER FRATES FAMILY FOUNDATION INC (EIN 831680823) - 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

2018

Legal Domicile

Phone

9784075372

Tax Period

2024-01-01 to 2024-12-31

THE PETER FRATES FAMILY FOUNDATION INC, founded in 2018, is a small nonprofit in the Health Care sector that reported $637K in total revenue in fiscal year 2024. Revenue surged 260% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 17% operating margin.

Mission

TO PROVIDE SUPPORT TO INDIVIDUALS WITH AN ALS DIAGNOSIS AND TO SUPPORT SELF- IDENTIFIED NEEDS OF PATIENTS, FAMILIES AND CAREGIVERS IN THEIR PURSUIT OF FULLER RICHER AND MORE MEANINGFUL LIVES IN ORDER TO KEEP THEIR DISABLED/TERMINALLY ILL PATIENT AT HOME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $297,523

Program Service Revenue $0

Investment Income $42,265

Other Revenue $297,038

TOTAL REVENUE $636,826

Expense Breakdown

Grants Paid $380,369

Salaries & Benefits $80,798

Fundraising Expenses $0

Program Expenses $380,369

Other Expenses $67,878

TOTAL EXPENSES $529,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$636,826	$176,716	+2.6%
Expenses	$529,045	$298,743	+0.8%
Net Income	$107,781	$-122,027	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOHN P FRATES	Director	Director	$0	$0	$0
JUDITH CRONIN	Director	Director	$0	$0	$0
JEAN PADDOLL	Director	Director	$0	$0	$0
PHILIP HOLDEN	Director	Director	$0	$0	$0
THOMAS LAMB	Director	Director	$0	$0	$0
JOHN P FRATES	President	Officer	$0	$0	$0
JEAN PADDOL	CLERK	Officer	$0	$0	$0
JUDITH CRONIN	Treasurer	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	$636,826	$529,045	$533,613	$107,781
2023	$176,716	$298,743	$83,580	$-122,027
2022	$200,372	$326,601	$205,607	$-126,229
2021	$249,911	$188,914	$331,836	$60,997

THE PETER FRATES FAMILY FOUNDATION INC