ED23 FOUNDATION INC

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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.

Program Service Accomplishments

Program 1

Expenses: $24,735 Revenue: $23,086

THE ORGANIZATION CONDUCTED THE HELP A GIRL FLY EVENT, A CONFERENCE PROGRAM DESIGNED TO SUPPORT AND EMPOWER WOMEN THROUGH EDUCATION, LEADERSHIP DEVELOPMENT, NETWORKING, AND COMMUNITY ENGAGEMENT. THE EVENT BROUGHT TOGETHER WOMEN IN LEADERSHIP AND PROFESSIONAL ROLES TO DISCUSS CHALLENGES AFFECTING WOMEN IN BUSINESS AND THE COMMUNITY, SHARE EXPERIENCES AND RESOURCES, AND ENCOURAGE MENTORSHIP AND PROFESSIONAL GROWTH. PROGRAM ACTIVITIES INCLUDED EDUCATIONAL DISCUSSIONS, GUEST SPEAKERS, NETWORKING OPPORTUNITIES, AND COMMUNITY OUTREACH INTENDED TO ADVANCE THE ORGANIZATIONS CHARITABLE AND EDUCATIONAL MISSION.

Program 2

Expenses: $9,555

THE ORGANIZATION PROVIDED FUNDING AND SUPPORT FOR A HOLIDAY ASSISTANCE PROGRAM BENEFITING ELEMENTARY SCHOOL STUDENTS AND FAMILIES IN NEED. THROUGH DONATIONS RECEIVED FROM PRIOR FUNDRAISING AND...

THE ORGANIZATION PROVIDED FUNDING AND SUPPORT FOR A HOLIDAY ASSISTANCE PROGRAM BENEFITING ELEMENTARY SCHOOL STUDENTS AND FAMILIES IN NEED. THROUGH DONATIONS RECEIVED FROM PRIOR FUNDRAISING AND CHARITABLE CONTRIBUTIONS, THE ORGANIZATION PURCHASED AND DISTRIBUTED CHRISTMAS GIFTS TO STUDENTS TO HELP ENSURE CHILDREN IN THE COMMUNITY WERE ABLE TO PARTICIPATE IN HOLIDAY CELEBRATIONS. THE PROGRAM WAS CONDUCTED IN FURTHERANCE OF THE ORGANIZATIONS CHARITABLE AND COMMUNITY SUPPORT MISSION BY ASSISTING UNDERSERVED YOUTH AND PROMOTING COMMUNITY GOODWILL AND FAMILY SUPPORT

Program 3

Expenses: $6,187

ORGANIZATION HELPED FUND AND CONTRIBUTE TO THE GYM RENTAL FEES, SUPPLIES, COACHES, TOURNAMENT REGISTRATIONS, AND TRAVEL FOR BASKETBALL CAMPS AND TOURNAMENT TEAMS FOR THE ENTIRE 2025 YEAR...

ORGANIZATION HELPED FUND AND CONTRIBUTE TO THE GYM RENTAL FEES, SUPPLIES, COACHES, TOURNAMENT REGISTRATIONS, AND TRAVEL FOR BASKETBALL CAMPS AND TOURNAMENT TEAMS FOR THE ENTIRE 2025 YEAR. ORGANIZATION OPERATES A FOOD DRIVE THE WEEK OF THANKSGIVING AND HANDED OUT OVER 500 TURKEYS AND OTHER THANKSGIVING FOOD TO THE SYRACUSE COMMUNITY.

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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