FRIENDS OF THE HOLYOKE MERRY-GO-RO… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

JOSEPH MCGIVERIN

Phone

4135389838

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF THE HOLYOKE MERRY-GO-ROUND INC, founded in 1988, is a small nonprofit that reported $150K in total revenue in fiscal year 2024. Expenses of $134K left a modest 11% surplus.

Mission

TO OPERATE THE FORMER MOUNTAIN PARK MERRY-GO-ROUND AND MAINTAIN IT IN A SPECIALLY CONSTRUCTED BUILDING IN HOLYOKE HERITAGE STATE PARK INTO PERPETUITY FOR THE ENJOYMENT OF ALL IN THE REGION, TO FURTHER THE ECONOMIC REVITALIZATION OF DOWNTOWN HOLYOKE, TO PRESERVE AN OBJECT OF RARE BEAUTY AND SUPERB EARLY CRAFTSMANSHIP, TO SERVE AS A TOURIST ATTRACTION, AND TO BE A SYMBOL OF HIGH-SPIRITED REJUVENATION OF THE PROUD CITY OF HOLYOKE.

Program Service Accomplishments

Program 1

Expenses: $115,150 Revenue: $78,999

VARIOUS ACTIVITIES TO PRESERVE AND OPERATE THE HOLYOKE MERRY-GO-ROUND.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $54,059

Program Service Revenue $77,688

Investment Income $14,563

Other Revenue $3,795

TOTAL REVENUE $150,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,931

Fundraising Expenses $6,544

Program Expenses $115,150

Other Expenses $76,394

TOTAL EXPENSES $134,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,105	$153,664	0.0%
Expenses	$134,325	$129,021	+0.0%
Net Income	$15,780	$24,643	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MCGIVERIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREW MENARD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIELLE HAMEL	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN LEARY	CLERK	2.00	Officer Director	$0	$0	$0
KATHERINE BUCKLEY	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA BARAN	DIRECTOR	2.00	Director	$0	$0	$0
JAY DUCHARME	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE MILLEDGE	DIRECTOR	2.00	Director	$0	$0	$0
FEDERICO DELGADO	DIRECTOR	2.00	Director	$0	$0	$0
KELSEY BARAN LECCA	DIRECTOR-END 9/19/24	2.00	Director	$0	$0	$0
MARK PRONOVOST	DIRECTOR	2.00	Director	$0	$0	$0
LAURA SHAW	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS CHEVALIER	DIRECTOR-BEG 5/20/24	2.00	Director	$0	$0	$0
BRENDA MCGILLICUDDY	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN LEVINE	DIRECTOR-BEG 1/25/25	2.00	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
2025	$150,105	$134,325	$933,781	$15,780
2024	$153,664	$129,021	$915,233	$24,643
2023	$146,648	$119,172	$868,272	$27,476
2022	$77,612	$90,027	$874,576	$-12,415
2021	$59,546	$72,945	$898,591	$-13,399
2020	$136,136	$156,815	$832,419	$-20,679
2019	$144,097	$164,488	$865,825	$-20,391
2018	$131,090	$160,273	$885,029	$-29,183

FRIENDS OF THE HOLYOKE MERRY-GO-ROUND INC