MFG RELIEF FUND INC

EIN: 850612841 501(c)(3)

NEW YORK, NY

Total Revenue
$2,427
Total Expenses
$12,281
Total Assets
N/A
Net Assets
N/A
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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
2020
Legal Domicile
NY
Principal Officer
JEFFREY ZALAZNICK
Phone
6466924732
Tax Period
2021-01-01 to 2021-12-31

MFG RELIEF FUND INC, founded in 2020, is a micro nonprofit that reported $2K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 406% operating deficit.

Mission

MFG RELIEF FUND PROVIDES RELIEF FUNDS TO TERMINATED EMPLOYEES DUE TO THE CORONA VIRUS PANDEMIC.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,427
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,427

Expense Breakdown

Grants Paid $8,766
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,281
Other Expenses $3,515
TOTAL EXPENSES $12,281

Year-over-Year Comparison

2021 2020 Change
Revenue $2,427 $239,596 -1.0%
Expenses $12,281 $229,742 -0.9%
Net Income $-9,854 $9,854 -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

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Governance

Voting Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL NAZAR PRESIDENT 0.00
Officer Director
$0 $0 $0
MARIO CARBONE VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
RICHARD TORRISI SECRETARY 0.00
Officer Director
$0 $0 $0
JEFFREY ZALAZNICK TREASURER 0.00
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
2021 $2,427 $12,281 No data $-9,854
2020 $239,596 $229,742 $9,854 $9,854
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