CAROLINE KLINE GALLAND TESTAMENTARY TRUST (EIN 910567729) - 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

1944

Legal Domicile

Principal Officer

JEFFREY COHEN

Phone

2067258800

Tax Period

2023-01-01 to 2023-12-31

CAROLINE KLINE GALLAND TESTAMENTARY TRUST, founded in 1944, is a small nonprofit that reported $148K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Net assets of $3.2M represent 257 months of operating reserves.

Mission

TO FURTHER THE CHARITABLE PURPOSES OF THE KLINE GALLAND CENTER AND AFFILIATES.

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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 $0

Program Service Revenue $0

Investment Income $148,397

Other Revenue $0

TOTAL REVENUE $148,397

Expense Breakdown

Grants Paid $132,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,000

Other Expenses $15,368

TOTAL EXPENSES $147,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,397	$91,142	+0.6%
Expenses	$147,368	$146,497	+0.0%
Net Income	$1,029	$-55,355	-1.0%

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

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

$1,388,671

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KLINE GALLAND CENTER	INSTITUTIONAL TRUSTEE	0.00	Director	$0	$0	$0
JEFF COHEN	CHIEF EXECUTIVE OFFICER	0.40	Officer	$0	$63,010	$858,352
TRACEY GROSCOST	CHIEF FINANCIAL OFFICER	0.40	Officer	$0	$10,075	$337,514
ERIN SHERIDAN	CHIEF COMPLIANCE OFFICER AND GENERAL COUNSEL	0.40	Officer	$0	$10,167	$192,805
IRENE FISHER	CHAIR	0.50	Officer Director	$0	$0	$0
ROBERT SIMON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BARBARA SULMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
JAY RIFFKIN	TREASURER	0.50	Officer Director	$0	$0	$0
JEANIE ALHADEFF	DIRECTOR	0.25	Director	$0	$0	$0
JACK ALMO	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BENOLIEL	DIRECTOR	0.25	Director	$0	$0	$0
MARC BRIDGE	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL COHEN	DIRECTOR	0.25	Director	$0	$0	$0
LYNN DUBEY	DIRECTOR	0.25	Director	$0	$0	$0
DAVID FAIN	DIRECTOR	0.25	Director	$0	$0	$0
MARK KANE	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS LEAVITT	DIRECTOR	0.25	Director	$0	$0	$0
ALVIN MARTIN	DIRECTOR	0.25	Director	$0	$0	$0
RABBI JAMES MIREL	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL MORGAN	DIRECTOR	0.25	Director	$0	$0	$0
JEFF PIHA	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN QUINT	DIRECTOR	0.25	Director	$0	$0	$0
ARI ROBICSEK	DIRECTOR	0.25	Director	$0	$0	$0
DOUGLAS ROSEN	DIRECTOR	0.25	Director	$0	$0	$0
STEVEN SCHWARTZ	DIRECTOR	0.25	Director	$0	$0	$0
DAVID SHAPIRO	DIRECTOR	0.25	Director	$0	$0	$0
ALLAN STEINMAN	DIRECTOR	0.25	Director	$0	$0	$0
DOUG WIVIOTT	DIRECTOR	0.25	Director	$0	$0	$0
ELANA ZANA	DIRECTOR	0.25	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	$148,397	$147,368	$3,180,562	$1,029
2022	$91,142	$146,497	$2,919,769	$-55,355
2021	$302,150	$146,392	$3,421,860	$155,758
2020	$206,498	$147,060	$3,221,514	$59,438
2019	$100,073	$83,424	$3,080,984	$16,649
2018	$180,380	$80,578	$2,692,376	$99,802

CAROLINE KLINE GALLAND TESTAMENTARY TRUST