FRIENDS OF THE BOSTON IRISH FAMINE MEMORIAL INC (EIN 043318567) - 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

1996

Legal Domicile

Principal Officer

MARY MARGARET DARLING

Phone

7818482000

Tax Period

2020-01-01 to 2020-12-31

FRIENDS OF THE BOSTON IRISH FAMINE MEMORIAL INC, founded in 1996, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $20K in total revenue in fiscal year 2020. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $27K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROMOTE GREATER UNDERSTANDING OF THE SOCIAL,ECONOMIC,AND HUMAN CONSEQUENCES OF THE IRISH FAMINE AND ITS IMPACT ON THE UNITED STATES INCLUDING FOSTERING OF EDUCATIONAL PROGRAMS AND THE CONSTRUCTION OF A MEMORIAL TO THOSE WHO PERISHED IN THE FAMINE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $19,557

Other Revenue $0

TOTAL REVENUE $19,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,820

Other Expenses $26,820

TOTAL EXPENSES $26,820

Year-over-Year Comparison

	2020	2019	Change
Revenue	$19,557	$16,708	+0.2%
Expenses	$26,820	$26,860	0.0%
Net Income	$-7,263	$-10,152	-0.3%

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

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
PHILIP C HAUGHEY	PRESIDENT & DIRECTOR	1.00	Director	$0	$0	$0
MARY MARGARET DARLING	TREASURER & DIRECTOR	1.00	Director	$0	$0	$0
MARY MARGARET DARLING	CLERK	1.00	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
2020	$19,557	$26,820	$1,039,093	$-7,263

FRIENDS OF THE BOSTON IRISH FAMINE MEMORIAL INC