FRIENDS OF LINCOLNVILLE INC (EIN 030487824) - 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

2002

Legal Domicile

Phone

9048241191

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF LINCOLNVILLE INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $305K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $272K left a modest 11% surplus.

Mission

THIS NONPROFIT ORGANIZATIONS MISSION IS TO PRESERVE, PROMOTE AND PERPETUATE AFRICAN AMERICAN HISTORY/HERITAGE IN LINCOLNVILLE, ST. JOHNS COUNTY (FL), AND NORTHEAST FLORIDA THROUGH THE ARTS, FILM, EDUCATIONAL PROGRAMS, LECTURES, REENACTMENTS, EXHIBITS AND CULTURAL ACTIVITIES.

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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 $219,933

Program Service Revenue $86,519

Investment Income $-20,768

Other Revenue $19,440

TOTAL REVENUE $305,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,316

Fundraising Expenses $0

Program Expenses $147,586

Other Expenses $142,673

TOTAL EXPENSES $271,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$305,124	$466,723	-0.3%
Expenses	$271,989	$305,454	-0.1%
Net Income	$33,135	$161,269	-0.8%

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

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
FLOYD PHILLIPS	PRESIDENT/DIR	15.00	Officer Director	$0	$0	$0
LOREN DARDEN	VICE PRESIDENT/DIR	5.00	Officer Director	$0	$0	$0
MARY STROMAN	TREASURER	4.00	Officer Director	$0	$0	$0
JEAN SWANN	SECRETARY/DIR	5.00	Officer Director	$0	$0	$0
JUDITH LIPHARDT	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH MCCLAIN	DIRECTOR	2.00	Director	$0	$0	$0
VICKI PEPPER	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
RONALD BAILEY	DIRECTOR	0.10	Director	$0	$0	$0
JAMES BEASLEY	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BRISCOE	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA MORALS	DIRECTOR	3.00	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	$305,124	$271,989	$849,809	$33,135
2022	$466,723	$305,454	$816,619	$161,269
2021	$802,803	$251,970	$655,456	$550,833
2020	$194,287	$220,831	$104,466	$-26,544
2019	$248,419	$219,267	$132,898	$29,152

FRIENDS OF LINCOLNVILLE INC