Union Mutual Foundation

Nonprofit profile at a glance

EIN
237358092
IRS 990-EZ coverage
2022–2023
Forms available
Form 990 2021, Form 990-EZ 2023
Location
Tenafly, NJ, USA
Phone
2015698180
Rating
58
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$5,668
Expenses
$30,123
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • STANLEY GOLLINS (TRUSTEE)
  • AUREA MEDINA (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation was created and is operated for charitable, cultural, economic, educational, medical, scientific, or health related purposes, as well as other purposes, objectives, and activities, locally and nationally, including, but not limited to, health and other educational conferences, scholarships, medical, and other research funding.

What it reported doing in 2023

Research, preparation, printing, and distribution of a monthly newsletter that reports news briefs and cutting edge medical information of interest to retired persons. It is hoped that the knowledge gained from this newsletter will enhance and prolong the lives of its readers by many years by making them more informed about nutrition, areas of current research, and new procedures that may affect their lives. The foundation ceased operations on december 1, 2023.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of total spending goes to programs and a relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 100
  • Sustainability: 3
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.4%; rating input score 50
  • Program expense ratio: 10%; rating input score 10

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -431.5%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 3.3%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -104.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -14.1% per year; rating input score 0; 20th percentile among comparable filings
  • Asset growth: -30% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 50.4% of revenue deployed · 10% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Program expense ratio scored 10/100.
  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.