MILLENNIUM CARES FUND INC (EIN 920568668) - 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

2022

Legal Domicile

Principal Officer

JEFFREY A PAKROSNIS

Phone

8556747400

Tax Period

2023-01-01 to 2023-12-31

MILLENNIUM CARES FUND INC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $117K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $146K exceeded revenue, resulting in a 25% operating deficit.

Mission

MILLENNIUM CARES FUND, INC. PROVIDES ASSISTANCE TO OTHER ORGANIZATIONS AND INDIVIDUALS FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE ORGANIZATION INTENDS TO FOCUS ITS GRANT-MAKING ON COMMUNITY-ORIENTED INSTITUTIONS (SUCH AS DISASTER RELIEF, HEALTHCARE, SOCIAL SERVICES, EDUCATION, AND YOUTH DEVELOPMENT).

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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 $117,021

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $117,021

Expense Breakdown

Grants Paid $146,038

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,038

Other Expenses $21

TOTAL EXPENSES $146,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,021	$296,855	-0.6%
Expenses	$146,059	$256,028	-0.4%
Net Income	$-29,038	$40,827	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN S KEARNS	CEO - PRESIDENT UNTIL 08/01/24	1.00	Officer Director	$0	$0	$0
JOSEPH BISCARDI	CFO - SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFREY A PAKROSNIS	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
2024	No data	No data	No data	No data
2023	$117,021	$146,059	$11,789	$-29,038
2022	$296,855	$256,028	$40,827	$40,827

MILLENNIUM CARES FUND INC