FOIC CHARITY INC (EIN 880476282) - 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

2008

Legal Domicile

Principal Officer

JERREL G JOHN

Phone

3102820821

Tax Period

2021-07-01 to 2022-06-30

FOIC CHARITY INC, founded in 2008, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $38K in total revenue in fiscal year 2021. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $987K exceeded revenue, resulting in a 2491% operating deficit.

Mission

SUPPORTING ORGANIZATION FOR FOIC FORUMS CORP.

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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 (2021)

Revenue Breakdown

Contributions & Grants $38,000

Program Service Revenue $0

Investment Income $101

Other Revenue $0

TOTAL REVENUE $38,101

Expense Breakdown

Grants Paid $852,814

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $987,193

Other Expenses $134,379

TOTAL EXPENSES $987,193

Year-over-Year Comparison

	2021	2020	Change
Revenue	$38,101	$601,363	-0.9%
Expenses	$987,193	$402,902	+1.5%
Net Income	$-949,092	$198,461	-5.8%

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
DAVID J BERARDO	PRESIDENT	1.00	Officer Director	$0	$0	$0
DIANNE DIMASCIO	SECRETARY	1.00	Officer Director	$0	$0	$0
JERREL G JOHN	TREASURER	1.00	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
2022	$38,101	$987,193	$17,892,856	$-949,092
2021	$601,363	$402,902	$18,841,948	$198,461
2020	$1,383,010	$890,613	$18,642,487	$492,397
2019	$506,860	$723,361	$18,150,090	$-216,501
2018	$16,057,289	$290,928	$18,366,591	$15,766,361

FOIC CHARITY INC