FOUNDATION FOR ABILITIES FIRST NEW YORK (EIN 833116304) - 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

Principal Officer

KIM RYDER

Phone

8454859803

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR ABILITIES FIRST NEW YORK, founded in 2018, is a small nonprofit in the Human Services sector that reported $466K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $401K left a modest 14% surplus.

Mission

THE MISSION OF THE FOUNDATION FOR ABILITIES FIRST NY IS TO GARNER THE FINANCIAL RESOURCES NECESSARY TO MEET THE PROGRAMMATIC INTERESTS AND TO ASSURE THE SUSTAINABILITY OF THE MISSION OF ABILITIES FIRST, INC. FAFNY WILL ESTABLISH A STABLE COMMITMENT OF PHILANTHROPIC SUPPORT, TO ASSURE THE PROGRAMS, SERVICES, AND QUALITY OF LIFE OPPORTUNITIES REMAIN STRONG AND AVAILABLE, AS WELL AS ENSURE THE ORGANIZATION'S FISCAL RESILIENCY DURING UNEXPECTED CHANGES.

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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 $416,319

Program Service Revenue $0

Investment Income $45,080

Other Revenue $4,441

TOTAL REVENUE $465,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,530

Fundraising Expenses $400,807

Other Expenses $204,277

TOTAL EXPENSES $400,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$465,840	$303,758	+0.5%
Expenses	$400,807	$343,851	+0.2%
Net Income	$65,033	$-40,093	-2.6%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$662,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA MACKEY	CHAIR	2.00	Officer Director	$0	$0	$0
PETER SETARO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANTHONY MORANDO	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL PINE	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID MELBY	BOARD MEMBER	2.00	Director	$0	$0	$0
JACOB FRIEDMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY BOMBARDIERI	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL MAZZUCA	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIANNA MCKEE	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLA ALFIERI	BOARD MEMBER	2.00	Director	$0	$0	$0
MARLO DELAROSA	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN FARINA	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFERY FOX	CHIEF EXECUTIVE OFFICER	4.00	Officer	$0	$48,627	$365,636
JOANN PARKER	FOUNDATION DIRECTOR	40.00	Officer	$0	$7,062	$121,127
KIM RYDER	CHIEF FINANCIAL OFFICER	4.00	Officer	$0	$21,235	$175,300

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
2024	$465,840	$400,807	$930,327	$65,033
2023	$303,758	$343,851	$516,349	$-40,093
2022	$361,238	$453,763	$451,508	$-92,525
2021	$390,462	$394,506	$346,591	$-4,044
2020	$390,807	$393,029	$303,121	$-2,222
2019	$529,857	$355,900	$234,934	$173,957

FOUNDATION FOR ABILITIES FIRST NEW YORK