THE BLOOMING GROVE CHARITABLE FOUN… - Form 990 Financial Data

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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

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

OUR MISSION IS TO SUPPORT INDIVIDUALS AND FAMILIES FACING FINANCIAL HARDSHIP BY OFFERING FINANCIAL ASSISTANCE TO HELP THEM MEET BASIC NEEDS AND IMPROVE ECONOMIC STABILITY

Program Service Accomplishments

Program 1

DISTRIBUTED FINANCIAL ASSISTANCE TO LOW-INCOME INDIVIDUALS AND FAMILIES IN THE COMMUNITY. OUR SUPPORT HELPED RECIPIENTS COVER ESSENTIAL EXPENSES SUCH AS HOUSING, UTILITIES, FOOD, AND MEDICAL COSTS.

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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 $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

Governance

Voting Members

Independent Members

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
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

THE BLOOMING GROVE CHARITABLE FOUNDATION