Freedom Trail Foundation Inc (EIN 042440031) - 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

1958

Legal Domicile

Principal Officer

JOSEPH G DILORENZO

Phone

6173578300

Tax Period

2023-01-01 to 2023-12-31

Freedom Trail Foundation Inc, founded in 1958, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $507K, a strong 30% operating margin.

Mission

TO MAINTAIN, IMPROVE, AUGMENT, MARKET AND PROMOTE A WALKING TRAIL CONNECTING BOSTON'S HISTORIC SITES. (SEE SCHEDULE O.)

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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 $151,447

Program Service Revenue $1,478,847

Investment Income $81,738

Other Revenue $0

TOTAL REVENUE $1,712,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $766,998

Fundraising Expenses $6,712

Program Expenses $859,198

Other Expenses $438,403

TOTAL EXPENSES $1,205,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,712,032	$1,367,604	+0.3%
Expenses	$1,205,401	$1,026,626	+0.2%
Net Income	$506,631	$340,978	+0.5%

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

$155,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE TAYLOR	EXECUTIVE DIRECTOR	40.0	Officer	$133,868	$21,434	$155,302
MARK O'TOOLE	CHAIR	5.0	Officer Director	$0	$0	$0
TERENCE ANKNER	VICE CHAIR	2.0	Officer Director	$0	$0	$0
RICK DIMINO	VICE CHAIR	2.0	Officer Director	$0	$0	$0
JOSEPH G DILORENZO	TREASURER	5.0	Officer Director	$0	$0	$0
PAUL SACCO	CLERK	2.0	Officer Director	$0	$0	$0
PETER ABBOTT	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD BERENSON	DIRECTOR	1.0	Director	$0	$0	$0
JOHN BORDERS	DIRECTOR	1.0	Director	$0	$0	$0
EMILY BRADFORD GALLUP	DIRECTOR	1.0	Director	$0	$0	$0
REVEREND JOY FALLON	DIRECTOR	1.0	Director	$0	$0	$0
PETER S FARNUM	DIRECTOR	1.0	Director	$0	$0	$0
COMMANDER BILLIE JUNE FARRELL	DIRECTOR	1.0	Director	$0	$0	$0
KATHY KOTTARIDIS	DIRECTOR	1.0	Director	$0	$0	$0
JOE LOVETT	DIRECTOR	1.0	Director	$0	$0	$0
JOHN NUCCI	DIRECTOR	1.0	Director	$0	$0	$0
NAT SHEIDLEY	DIRECTOR	1.0	Director	$0	$0	$0
ADRIAN SMITH	DIRECTOR	1.0	Director	$0	$0	$0
NIKKI STEWART	DIRECTOR	1.0	Director	$0	$0	$0
NOELLE TRENT	DIRECTOR	1.0	Director	$0	$0	$0
NINA ZANNIERI	DIRECTOR	1.0	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	$1,712,032	$1,205,401	$4,639,810	$506,631
2022	$1,367,604	$1,026,626	$3,894,463	$340,978
2021	$689,813	$681,169	$3,690,662	$8,644
2020	$346,412	$771,187	$3,306,799	$-424,775
2019	$1,648,164	$1,496,559	$3,506,083	$151,605
2018	$1,986,906	$1,373,935	$3,024,433	$612,971

Freedom Trail Foundation Inc