FRIENDS OF HAPPY RETREAT INC

EIN: 030589599 501(c)(3) Arts, Culture & Humanities

CHARLES TOWN, WV

Total Revenue
$144,749
Total Expenses
$188,375
Total Assets
$882,368
Net Assets
$882,368
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
WV
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.

Program Service Accomplishments

Program 1
Expenses: $175,186

TO DATE, ALL EFFORTS HAVE BEEN BEHIND ORGANIZING THE ENTITY AND RAISING FUNDS FOR THE PURCHASE OF THE PROPERTY AS OUTLINED ABOVE. PROGRAM SERVICES BEGAN AFTER PROPERTY WAS PURCHASED AND NOW INVOLVES...

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TO DATE, ALL EFFORTS HAVE BEEN BEHIND ORGANIZING THE ENTITY AND RAISING FUNDS FOR THE PURCHASE OF THE PROPERTY AS OUTLINED ABOVE. PROGRAM SERVICES BEGAN AFTER PROPERTY WAS PURCHASED AND NOW INVOLVES MAINTAINING AND PROMOTING THE HISTORIC PROPERTY.

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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%)

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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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Governance

Voting Members
14
Independent Members
14
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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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