NACT PARENT INC C/O MICHELE FRIEDMAN

EIN: 880662185 501(c)(3) Recreation & Sports

SARASOTA, FL

Total Revenue
$260,827
Total Expenses
$495,705
Total Assets
$1,365,090
Net Assets
$1,324,614
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
MICHELE FRIEDMAN
Phone
9178636195
Tax Period
2023-11-01 to 2024-10-31

NACT PARENT INC C/O MICHELE FRIEDMAN, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $261K in total revenue in fiscal year 2023. Expenses of $496K exceeded revenue, resulting in a 90% operating deficit.

Mission

100% OF NACT PARENT, INC. 'S CHARITABLE ACTIVITIES CONSIST OF SUPPORTING, BENEFITING, PERFORMING THE FUNCTIONS OF AND ASSISTING ITS SUPPORTED ORGANIZATIONS WHICH CONSIST OF NACT PINE GROVE, INC ( EIN: 81-3572035) AND NACT SOMERSET INC (EIN 87-1776524) AND ANY FUTURE CORPORATION DIRECTLY AFFILIATED WITH NACT PARENT ALL OF WHICH ARE OR SHALL BE ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND CLASSIFIED AS A PUBLIC CHARITY UNDER IRC SECTION 509(A)(2) FORMED FOR THE CHARITABLE PURPOSES OF (I) PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE, AND (II) MAKING SUMMER CAMP PROGRAMS AVAILABLE TO CHILDREN WITHOUT MEANS OR WHO FACE FINANCIAL, MEDICAL OR OTHER CHALLENGES (COLLECTIVELY THE NORTH AMERICAN CAMP TRUST MISSION).

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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 $0
Program Service Revenue $260,827
Investment Income $0
Other Revenue $0
TOTAL REVENUE $260,827

Expense Breakdown

Grants Paid $252,000
Salaries & Benefits $140,992
Fundraising Expenses $0
Program Expenses $252,000
Other Expenses $102,713
TOTAL EXPENSES $495,705

Year-over-Year Comparison

2023 2022 Change
Revenue $260,827 N/A N/A
Expenses $495,705 N/A N/A
Net Income $-234,878 $0 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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
$91,000
Total Directors
4
$91,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE FRIEDMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$91,000 $0 $91,000
FRITZ SEYFERTH PRESIDENT/DIRECTOR 10.00
Officer Director
$0 $0 $0
JEFFREY LEIKEN VICE PRESIDENT/DIRECTOR 10.00
Officer Director
$0 $0 $0
DAVID MALTER SECRETARY/DIRECTOR 10.00
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
2024 $260,827 $495,705 $1,365,090 $-234,878
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