FRIENDS OF EDGARTOWN COUNCIL ON AG… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

MADELINE FISHER

Phone

5086274861

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF EDGARTOWN COUNCIL ON AGI NG INC, founded in 1981, is a micro nonprofit that reported $51K in total revenue in fiscal year 2024. Expenses of $48K left a modest 5% surplus.

Mission

TO RAISE FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO OR FOR THE BENEFIT OF THE EGARTOWN COUNCIL ON AGING AND SENIOR CITIZEN RESIDENTS OF EDGARTOWN, MA.

Program Service Accomplishments

Program 1

Expenses: $13,670

TO SUBSIDIZE A VARIETY OF WELLNESS PROGRAMS, INCLUDING YOGA AND TAI CHI, TO SUPPORT THE PHYSICAL HEALTH, MOBILITY, AND SOCIAL ENGAGEMENT OF SENIOR CITIZENS.

Program 2

Expenses: $23,413

TO SUPPORT SENIORS FACING HOUSING CHALLENGES AND FOOD INSECURITY.

Program 3

Expenses: $2,539

TO PROVIDE EDUCATIONAL SUPPORT TO SENIORS THROUGH MATERIALS AND PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,157

Program Service Revenue $0

Investment Income $43,646

Other Revenue $0

TOTAL REVENUE $50,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,622

Other Expenses $48,071

TOTAL EXPENSES $48,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,803	$-872	-59.3%
Expenses	$48,071	$28,515	+0.7%
Net Income	$2,732	$-29,387	-1.1%

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
JANICE BELISLE	TREASURER	3.00	Officer Director	$0	$0	$0
PATRICIA DEAN	SECRETARY	2.00	Officer Director	$0	$0	$0
MADELINE FISHER	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
BARBARA PHILLIPS	CO-PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA SMITH	VICE PRESIDE	2.00	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
2024	$50,803	$48,071	$672,094	$2,732
2018	$22,343	$23,202	$625,413	$-859

FRIENDS OF EDGARTOWN COUNCIL ON AGI NG INC