FRIENDS OF HAPPY RETREAT INC (EIN 030589599) - 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

2006

Legal Domicile

Principal Officer

S WALTER WASHINGTON

Phone

3047247956

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF HAPPY RETREAT INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $145K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $188K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO ACQUIRE, PRESERVE, AND PROMOTE HAPPY RETREAT AS A NATIONAL RESOURCE FOR PUBLIC ENJOYMENT AND EDUCATION.

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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 $118,704

Program Service Revenue $13,266

Investment Income $5,027

Other Revenue $7,752

TOTAL REVENUE $144,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,464

Program Expenses $175,186

Other Expenses $188,375

TOTAL EXPENSES $188,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,749	$252,469	-0.4%
Expenses	$188,375	$56,781	+2.3%
Net Income	$-43,626	$195,688	-1.2%

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

N/A

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
MARGIE FITHIAN	DIRECTOR	N/A	Director	$0	$0	$0
MARJORIE GAESTEL	DIRECTOR	N/A	Director	$0	$0	$0
GEORGIA R GESSLER	DIRECTOR	N/A	Director	$0	$0	$0
J RANDOLPH HILTON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHET HINES	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
JAMILE FLEET JONES	DIRECTOR	N/A	Director	$0	$0	$0
KENN MILLER	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD SECKINGER	TREASURER	N/A	Officer Director	$0	$0	$0
WILLIAM SENSENEY	DIRECTOR	N/A	Director	$0	$0	$0
ROBIN HUYETT THOMAS	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL TOLBERT	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW WARD	DIRECTOR	N/A	Director	$0	$0	$0
S WALTER WASHINGTON	PRESIDENT	N/A	Officer 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
2023	$144,749	$188,375	$882,368	$-43,626
2022	$252,469	$56,781	$973,712	$195,688
2021	$78,017	$83,493	$785,558	$-5,476
2020	$101,535	$55,265	$791,034	$46,270
2019	$112,519	$74,921	$738,569	$37,598
2018	$85,491	$76,892	$700,971	$8,599

FRIENDS OF HAPPY RETREAT INC