MEC FUND INC (EIN 832924598) - 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

Principal Officer

MARK SMILOW

Phone

7186977196

Tax Period

2023-01-01 to 2023-12-31

MEC FUND INC, founded in 2018, is a community nonprofit in the Religion sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE, FURTHER AND SUPPORT SELECTED CHARITABLE ACTIVITIES THROUGH GRANTS, FUNDING AND FINANCIAL ASSISTANCE TO VARIOUS INDIVIDUALS, INSTITUTIONS AND ORGANIZATIONS DEDICATED TO THE AID AND ASSISTANCE OF JEWISH ORTHODOX RELIGIOUS INSTITUTIONS IN THE UNITED STATES AND ABROAD; TO AID, ENCOURAGE, STIMULATE, FOSTER AND PROMOTE CHARITABLE ACTIVITIES THROUGH THE SUPPORT OF RELIGIOUS INSTITUTIONS IN DOMESTIC AND FOREIGN COUNTRIES; TO ENCOURAGE AND SUPPORT MEDICAL ADVANCEMENTS; TO MAKE DIRECT CHARITABLE GRANTS TO THE NEEDY AND THE POOR.

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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 $1,376,967

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,376,967

Expense Breakdown

Grants Paid $1,447,106

Salaries & Benefits $0

Fundraising Expenses $59,870

Program Expenses $1,479,062

Other Expenses $38,586

TOTAL EXPENSES $1,538,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,376,967	$1,267,305	+0.1%
Expenses	$1,538,932	$1,100,261	+0.4%
Net Income	$-161,965	$167,044	-2.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASAF SHRAIBER	DIRECTOR	N/A	Officer Director	$0	$0	$0
MARK SMILOW	DIRECTOR	N/A	Officer Director	$0	$0	$0
YECHIEL STERN	DIRECTOR	N/A	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	$1,376,967	$1,538,932	$66,139	$-161,965
2022	$1,267,305	$1,100,261	$228,104	$167,044
2021	$423,431	$382,780	$60,876	$40,651
2020	$507,621	$507,012	$20,225	$609
2019	$316,973	$297,357	$19,616	$19,616

MEC FUND INC