VARSOBIA FOUNDATION INC (EIN 872039436) - 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

2021

Legal Domicile

Principal Officer

Angelo Varsobia

Phone

8187966033

Tax Period

2022-01-01 to 2022-12-31

VARSOBIA FOUNDATION INC, founded in 2021, is a small nonprofit that reported $292K in total revenue in fiscal year 2022. Revenue surged 1068% from the prior year, signaling strong growth momentum. The organization ran a surplus of $291K, a strong 99% operating margin.

Mission

To provide housing and services to fomrerly incarcerated inviduals. In addition the organization plans to build housing for these indviduals.

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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 (2022)

Revenue Breakdown

Contributions & Grants $292,039

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $292,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15

Other Expenses $1,520

TOTAL EXPENSES $1,520

Year-over-Year Comparison

	2022	2021	Change
Revenue	$292,039	$25,000	+10.7%
Expenses	$1,520	$16,646	-0.9%
Net Income	$290,519	$8,354	+33.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angelo Varsobia	President	5.00	Director	$0	$0	$0
Sandra Varsobia	Secretary	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
2022	$292,039	$1,520	$298,873	$290,519

VARSOBIA FOUNDATION INC