FRIENDS OF PENFIELD CHILDREN'S CENTER INC (EIN 930794216) - 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

1980

Legal Domicile

Principal Officer

POLINA MAKIEVSKY

Phone

4143447676

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF PENFIELD CHILDREN'S CENTER INC, founded in 1980, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $967K, a strong 28% operating margin.

Mission

FRIENDS OF PENFIELD CHILDREN'S CENTER EXISTS SOLELY FOR THE PURPOSE OF FUNDRAISING FOR AFFILIATED ORGANIZATIONS.

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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 $3,575,365

Program Service Revenue $0

Investment Income $-60,157

Other Revenue $0

TOTAL REVENUE $3,515,208

Expense Breakdown

Grants Paid $1,783,392

Salaries & Benefits $575,649

Fundraising Expenses $575,649

Program Expenses $1,783,392

Other Expenses $189,372

TOTAL EXPENSES $2,548,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,515,208	$1,323,391	+1.7%
Expenses	$2,548,413	$3,133,414	-0.2%
Net Income	$966,795	$-1,810,023	-1.5%

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

$343,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK FENNELLY	CHAIRMAN	0.10	Officer Director	$0	$0	$0
MADONNA WILLIAMS	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
BOB MIKULAY	DIRECTOR	0.10	Director	$0	$0	$0
DANILA DANESI	DIRECTOR	0.10	Director	$0	$0	$0
DENNA TILLISCH	DIRECTOR	0.10	Director	$0	$0	$0
JON SCHUMACHER	DIRECTOR	0.10	Director	$0	$0	$0
PETER SOMMERHAUSER	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTINE HOLMES	PRESIDENT (UNTIL 02/2023)	4.00	Officer	$0	$3,004	$27,785
MEGAN WURZ VP	DEVELOPMENT/COMMUNICATIONS	40.00	Officer	$113,351	$32,038	$145,389
POLINA MAKIEVSKY	PRESIDENT	4.00	Officer	$0	$10,076	$169,908

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	$3,515,208	$2,548,413	$7,395,730	$966,795
2022	$1,323,391	$3,133,414	$6,031,612	$-1,810,023
2021	$2,579,522	$2,557,284	$8,290,252	$22,238
2020	$1,577,082	$603,335	$9,069,440	$973,747
2019	$2,337,611	$2,127,542	$7,807,603	$210,069
2018	$3,761,961	$4,223,091	$8,067,379	$-461,130

FRIENDS OF PENFIELD CHILDREN'S CENTER INC