THE BLOOMING GROVE CHARITABLE FOUNDATION

EIN: 874801511 501(c)(3) Community Improvement

MONROE, NY

Total Revenue
$641,358
Total Expenses
$723,805
Total Assets
$25,214
Net Assets
$15,214
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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
2022
Legal Domicile
NY
Principal Officer
YITZCHOK EKSTEIN
Phone
8455003621
Tax Period
2023-01-01 to 2023-12-31

THE BLOOMING GROVE CHARITABLE FOUNDATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $641K in total revenue in fiscal year 2023. Expenses of $724K exceeded revenue, resulting in a 13% operating deficit.

Mission

WE PROVIDE FINANCIAL ASSISTANCE TO COMMUNITY MEMBERS IN NEED TO HELP ALLEVIATE ECONOMIC HARDSHIP

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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 $641,358
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $641,358

Expense Breakdown

Grants Paid $715,621
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $715,621
Other Expenses $8,184
TOTAL EXPENSES $723,805

Year-over-Year Comparison

2023 2022 Change
Revenue $641,358 N/A N/A
Expenses $723,805 N/A N/A
Net Income $-82,447 N/A N/A
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
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YITZCHOK EKSTEIN PRESIDENT 0.50
Officer Director
$0 $0 $0
JOEL STERN TREASURER 0.50
Officer Director
$0 $0 $0
TZIPORA EKSTEIN SECRETARY 0.50
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 No data No data No data No data
2023 $641,358 $723,805 $25,214 $-82,447
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