FRIENDS OF EDGARTOWN COUNCIL ON AGI NG INC

EIN: 042797721 501(c)(3)

EDGARTOWN, MA

Total Revenue
$50,803
Total Expenses
$48,071
Total Assets
$672,094
Net Assets
$672,094
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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
MA
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.

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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 (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

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Governance

Voting Members
5
Independent Members
5
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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