PARASOL COOPERATIVE FOUNDATION

EIN: 851859235 501(c)(3) Human Services

HILLSBOROUGH, NJ

Total Revenue
$195,264
Total Expenses
$267,473
Total Assets
$2,471
Net Assets
$-256,025
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
MEGHANA SHAH
Phone
8667233890
Tax Period
2024-01-01 to 2024-12-31

PARASOL COOPERATIVE FOUNDATION, founded in 2020, is a small nonprofit in the Human Services sector that reported $195K in total revenue in fiscal year 2024. Revenue surged 510% from the prior year, signaling strong growth momentum. Expenses of $267K exceeded revenue, resulting in a 37% operating deficit.

Mission

PARASOL COOPERATIVE EMERGED IN 2020 FROM A CRITICAL OBSERVATION: AS HUMAN TRAFFICKERS AND ABUSERS WEAPONIZED DIGITAL TECHNOLOGY, SURVIVORS AND SERVICE PROVIDERS LACKED CORRESPONDING TOOLS FOR PROTECTION. FOUNDED BY A UNIQUE COALITION OF SURVIVORS, TECHNOLOGISTS, AND ADVOCATES, PARASOL WAS CREATED TO BRIDGE THIS DANGEROUS GAP FOR VULNERABLE POPULATIONS.

Program Service Accomplishments

Program 1
Expenses: $54,883

RUTH AI & RUTH+: THE WORLD'S FIRST TRAUMA-INFORMED AI GUARDIAN, BUILT BY SURVIVORS AND ADVOCATES TO HELP INDIVIDUALS NAVIGATE ABUSE, HUMAN TRAFFICKING, AND TECH-FACILITATED EXPLOITATION. RUTH...

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RUTH AI & RUTH+: THE WORLD'S FIRST TRAUMA-INFORMED AI GUARDIAN, BUILT BY SURVIVORS AND ADVOCATES TO HELP INDIVIDUALS NAVIGATE ABUSE, HUMAN TRAFFICKING, AND TECH-FACILITATED EXPLOITATION. RUTH PROVIDES COMPREHENSIVE GUIDANCE ON DIGITAL SAFETY, CREATES PERSONALIZED SAFETY PLANS, CONNECTS TO LOCAL RESOURCES, AND OFFERS PROTECTION STRATEGIESALL WHILE MAINTAINING STRICT PRIVACY STANDARDS WITH NO USER DATA COLLECTION. RUTH+ EXTENDS THESE CAPABILITIES TO ORGANIZATIONS THROUGH CUSTOMIZABLE FEATURES, TAILORED PROMPTS, AND ANALYTICS DASHBOARDS.

Program 2
Expenses: $143,279

SAFECONNECT: A COMPREHENSIVE SOLUTION FOR VICTIM SERVICE ORGANIZATIONS, COMBINING SECURE CASE MANAGEMENT WITH A COMPANION APP FOR SEAMLESS ADVOCATE-SURVIVOR CONNECTION. SAFECONNECT PRIORITIZES...

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SAFECONNECT: A COMPREHENSIVE SOLUTION FOR VICTIM SERVICE ORGANIZATIONS, COMBINING SECURE CASE MANAGEMENT WITH A COMPANION APP FOR SEAMLESS ADVOCATE-SURVIVOR CONNECTION. SAFECONNECT PRIORITIZES SECURITY AND DISCRETION WHILE STREAMLINING OPERATIONS TO REDUCE ADMINISTRATIVE BURDEN. FEATURES INCLUDE SURVIVOR-LED SCHEDULING, TIME-SAVING DOCUMENTATION TOOLS, AND "ANY TIME, ANY PLACE" ACCESSIBILITY THAT ADAPTS TO REAL-WORLD NEEDS RATHER THAN RIGID INSTITUTIONAL CONSTRAINTS.

Program 3
Expenses: $4,910

RESEARCH & EDUCATION: OUR MULTIDISCIPLINARY TEAM BRIDGES KNOWLEDGE GAPS BETWEEN TECHNOLOGY AND ABUSE PREVENTION THROUGH PIONEERING RESEARCH ON HOW EMERGING TECHNOLOGIES HAVE BEEN WEAPONIZED AGAINST...

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RESEARCH & EDUCATION: OUR MULTIDISCIPLINARY TEAM BRIDGES KNOWLEDGE GAPS BETWEEN TECHNOLOGY AND ABUSE PREVENTION THROUGH PIONEERING RESEARCH ON HOW EMERGING TECHNOLOGIES HAVE BEEN WEAPONIZED AGAINST VULNERABLE POPULATIONS AND HOW THEY CAN HELP PROTECT PEOPLE FROM THESE ABUSES. WE ESTABLISH SAFETY BY DESIGN PRINCIPLES AND PUBLISH ACCESSIBLE RESOURCES ON CYBERSECURITY PRACTICES AND EMERGING THREAT PATTERNS, TRANSLATING COMPLEX TECHNICAL CONCEPTS INTO PRACTICAL RESOURCES FOR SURVIVORS, ADVOCATES, AND TECHNOLOGY COMPANIES. OUTREACH & TRAINING: WE BRING SPECIALIZED DIGITAL SAFETY EXPERTISE TO FRONTLINE ORGANIZATIONS THROUGH CUSTOMIZED WORKSHOPS AND IMPLEMENTATION SUPPORT. OUR INTERACTIVE CURRICULUM SPANS FROM BASIC DIGITAL HYGIENE TO TRAUMA-INFORMED SAFETY PLANNING, BUILDING TANGIBLE SKILLS THAT SERVICE PROVIDERS CAN IMMEDIATELY APPLY WITH THEIR CLIENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $194,926
Program Service Revenue $0
Investment Income $0
Other Revenue $338
TOTAL REVENUE $195,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,601
Fundraising Expenses $26,805
Program Expenses $203,072
Other Expenses $206,872
TOTAL EXPENSES $267,473

Year-over-Year Comparison

2024 2023 Change
Revenue $195,264 $32,020 +5.1%
Expenses $267,473 $282,021 -0.1%
Net Income $-72,209 $-250,001 -0.7%
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
6
Employees
N/A
Volunteers
3

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
$60,601
Total Directors
8
$60,601
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGHANA SHAH DIRECTOR/CEO 40.00
Officer Director
$0 $0 $0
LISE-MARIE GIOVINETTI SECRETARY 20.00
Officer Director
$0 $0 $0
TARUNA MITAL TREASURER 5.00
Officer Director
$0 $0 $0
DEREK BENZ DIRECTOR 5.00
Director
$0 $0 $0
BENNETT MORRISON DIRECTOR 5.00
Director
$0 $0 $0
SANDY SKELANEY DIRECTOR/COO 40.00
Officer Director
$60,601 $0 $60,601
DANELLE DILIBERO DIRECTOR 5.00
Director
$0 $0 $0
ERIN GALLAGHER DIRECTOR 5.00
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 $195,264 $267,473 $2,471 $-72,209
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