OLVIA'S BEARS

EIN: 843058333 501(c)(3) Unknown

NORTH TONAWANDA, NY

Total Revenue
$48,293
Total Expenses
$66,061
Total Assets
$44,301
Net Assets
$44,301
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Principal Officer
KENNETH GONYEA
Phone
7164915388
Tax Period
2023-01-01 to 2023-12-31

OLVIA'S BEARS, founded in 2019, is a micro nonprofit in the Unknown sector that reported $48K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 37% operating deficit.

Mission

OLIVIA'S BEARS IS A NOT-FOR-PROFIT ORGANIZATION, CREATED BY OLIVIA GONYEA AND HER FAMILY IN 2009. OLIVIA WAS DIAGNOSED WITH EWINGS SARCOMA, A FORM OF BONE CANCER, IN 2009 AT THE AGE OF EIGHT. AS OF OCTOBER 1ST, 2010, OLIVIA HAS BEEN CANCER-FREE. BEFORE OLIVIA'S TREATMENT ENDED, SHE WANTED TO FIND A WAY TO START GIVING BACK TO THE COMMUNITY. TOUCHED BY THE GIFT OF A BUILD- A-BEAR THAT SHE RECEIVED BEFORE GOING INTO ONE OF HER SURGERIES, SHE DECIDED SHE WANTED TO START DELIVERING BEARS TO OTHER CHILDREN RECEIVING MEDICAL TREATMENT AT CHILDREN'S HOSPITAL. WITH THE HELP OF FRIENDS AND FAMILY, OLIVIA'S BEARS STARTED WITH A SMALL DELIVERY OF 20 BEARS. NOW 14 YEARS LATER, OVER A THOUSAND BEARS HAVE BEEN DELIVERED TO CHILDREN AND THEIR SIBLINGS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,293
Investment Income $0
Other Revenue $0
TOTAL REVENUE $48,293

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $66,061
Other Expenses $66,061
TOTAL EXPENSES $66,061

Year-over-Year Comparison

2023 2022 Change
Revenue $48,293 $66,947 -0.3%
Expenses $66,061 $29,652 +1.2%
Net Income $-17,768 $37,295 -1.5%
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
7
Independent Members
7
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY DIGUISEPPPE TREASURER N/A
Officer
$0 $0 $0
ALEXANDRA GONYEA VICE PRESIDE N/A
Officer
$0 $0 $0
KENNETH GONYEA DIRECTOR N/A
Officer
$0 $0 $0
MARY GONYEA PRESIDENT N/A
Officer
$0 $0 $0
BROOKE MOLLOSKY SECRETARY N/A
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 No data No data No data No data
2023 $48,293 $66,061 $44,301 $-17,768
2022 $66,947 $29,652 $62,069 $37,295
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