ED23 FOUNDATION INC (EIN 933067885) - 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

2023

Legal Domicile

Principal Officer

ERIC M DEVENDORF

Phone

3153997644

Tax Period

2025-01-01 to 2025-12-31

ED23 FOUNDATION INC, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $131K in total revenue in fiscal year 2025. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $118K left a modest 10% surplus.

Mission

PROVIDE CHARITABLE FUNDING FOR BASEKTBALL CAMPS AND GENERAL WELFARE IN THE URBAN AND GENERAL SYRACUSE AREA IN NEW YORK. THE ORGANIZATION WILL ALSO TEACH AND OPERATE THESE BASKETBALL CAMPS AND PROVIDE FUNDING AND COACHING FOR YOUTH TEAMS TO PLAY IN AMATEUR BASKETBALL TOURNAMENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $56,170

Program Service Revenue $74,779

Investment Income $0

Other Revenue $0

TOTAL REVENUE $130,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $25,917

Program Expenses $40,477

Other Expenses $118,025

TOTAL EXPENSES $118,025

Year-over-Year Comparison

	2025	2024	Change
Revenue	$130,949	$238,746	-0.5%
Expenses	$118,025	$239,201	-0.5%
Net Income	$12,924	$-455	-29.4%

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
ERIC M DEVENDORF	PRESIDENT	10.00	Officer	$0	$0	$0
FRANCIS DONALDSON	TREASURER	5.00	Officer	$0	$0	$0
XAVIER MANN	VICE PRESIDENT	10.00	Officer	$0	$0	$0
SERENA ROMERO	SECRETARY	5.00	Officer	$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
2025	$130,949	$118,025	$49,605	$12,924
2024	$238,746	$239,201	$36,681	$-455

ED23 FOUNDATION INC