TOMORROWS HOPE FOUNDATION II INC (EIN 844265021) - 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

2019

Legal Domicile

Principal Officer

LEWIS S RANIERI

Phone

5167457611

Tax Period

2023-01-01 to 2023-12-31

TOMORROWS HOPE FOUNDATION II INC, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

TO ENSURE THE EXCELLENCE AS WELL AS THE CONTINUANCE OF CATHOLIC SCHOOLS ON LONG ISLAND BY INCREASING AWARENESS AND BY PROVIDING SCHOLARSHIP AND PROGRAM FUNDING FOR THE NEEDS OF STUDENTS AND SCHOOLS.

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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 $3,812,075

Program Service Revenue $0

Investment Income $3,325

Other Revenue $-116,090

TOTAL REVENUE $3,699,310

Expense Breakdown

Grants Paid $2,528,146

Salaries & Benefits $701,344

Fundraising Expenses $367,877

Program Expenses $3,011,457

Other Expenses $552,595

TOTAL EXPENSES $3,782,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,699,310	$3,697,693	+0.0%
Expenses	$3,782,085	$4,486,666	-0.2%
Net Income	$-82,775	$-788,973	-0.9%

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

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

$201,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEWIS S RANIERI	CHAIRMAN/PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANK P LIANTONIO	VICE CHAIRMAN/VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RICHARD CONNIFF	VICE CHAIRMAN/TREASURER	4.00	Officer Director	$0	$0	$0
CHRISTOPHER TULLY	VICE CHAIRMAN/SECRETARY	3.00	Officer Director	$0	$0	$0
CAROLYNN LUCCA BLACK	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK R BOWE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY R BYRNES	DIRECTOR	1.50	Director	$0	$0	$0
DOMINICK CASTORO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CLAGNAZ	DIRECTOR	1.50	Director	$0	$0	$0
PATRICK CURTIN	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN DEEGAN DICKSON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN V DESIMONE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW EMANUELO	DIRECTOR	1.00	Director	$0	$0	$0
VICKI FERRARA	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN MGIAMO	DIRECTOR	1.00	Director	$0	$0	$0
MARY RYAN GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SEAN GRANT	DIRECTOR	1.50	Director	$0	$0	$0
DENNIS HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW HESLIN	DIRECTOR	1.50	Director	$0	$0	$0
BERNADETTE KASNICKI	DIRECTOR	4.00	Director	$0	$0	$0
MARGUERITE KIRCHER	DIRECTOR	3.00	Director	$0	$0	$0
RICK A LAZIO	DIRECTOR	1.00	Director	$0	$0	$0
RONALD LO RUSSO	DIRECTOR	1.00	Director	$0	$0	$0
THERESA LOTITO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MATURO	DIRECTOR	1.00	Director	$0	$0	$0
FJ MCCARTHY CCIM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCCARTHY	DIRECTOR	1.50	Director	$0	$0	$0
BRENDAN MCGOVERN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK MELACCIO	DIRECTOR	1.50	Director	$0	$0	$0
MICHAEL MERLO	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE T MUSCENTE	DIRECTOR	1.50	Director	$0	$0	$0
MARMELINE PETION-MIDY	DIRECTOR	1.00	Director	$0	$0	$0
PETER QUICK	DIRECTOR	1.50	Director	$0	$0	$0
SALVATORE RESTIVO	DIRECTOR	1.50	Director	$0	$0	$0
MICHAEL D SAPRAICONE	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN T SCADUTO	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN T SHEA	DIRECTOR	1.00	Director	$0	$0	$0
BERNADETTE CASEY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SPINELLI MD	DIRECTOR	1.00	Director	$0	$0	$0
PETER D TAMSEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH TARTAMELLA	DIRECTOR	1.00	Director	$0	$0	$0
GLENN TYRANSKI	DIRECTOR	1.50	Director	$0	$0	$0
JOSEPH YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET YORK	DIRECTOR	4.00	Director	$0	$0	$0
MOST REV RICHARD G HENNING	DIRECTOR	1.50	Director	$0	$0	$0
GERALD D PIETROFORTE	DIRECTOR (UNTIL 3/25/23)	1.00	Director	$0	$0	$0
ISMINI SCOURAS	EXECUTIVE DIRECTOR	35.00	Officer	$182,130	$19,500	$201,630

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	$3,699,310	$3,782,085	$3,293,094	$-82,775
2022	$3,697,693	$4,486,666	$2,531,752	$-788,973
2021	$4,329,186	$3,966,738	$3,247,800	$362,448
2020	$2,346,449	$839,988	$2,274,354	$1,506,461

TOMORROWS HOPE FOUNDATION II INC