FARR FOUNDATION INC

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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

1997

Legal Domicile

Principal Officer

MICHAEL T CULHANE

Phone

6174972620

Tax Period

2024-07-01 to 2025-06-30

FARR FOUNDATION INC, founded in 1997, is a micro nonprofit in the Unknown sector that reported $78K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $58K, a strong 74% operating margin.

Mission

PROVIDE FINANCIAL SUPPORT TO JAMES F. FARR ACADEMY INC., A 501(C)(3) ORGANIZATION AND ITS AFFILIATES THAT PROVIDE EDUCATIONAL AND RESIDENTIAL SERVICES TO CHILDREN AND YOUNG ADULTS WITH EMOTIONAL, BEHAVIORAL AND LEARNING DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

PROVIDE FINANCIAL SUPPORT, WHEN NEEDED, TO THE JAMES F. FARR ACADEMY INC., A 501(C)(3) ORGANIZATION.

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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 $4,800

Program Service Revenue $0

Investment Income $73,222

Other Revenue $0

TOTAL REVENUE $78,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $20,501

TOTAL EXPENSES $20,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,022	$90,675	-0.1%
Expenses	$20,501	$25,831	-0.2%
Net Income	$57,521	$64,844	-0.1%

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
ROBERT HUEBSCHER	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL T CULHANE	C.E.O. AND TREASURER	0.50	Officer	$0	$0	$0
BONNIE K CULHANE	CLERK	0.50	Officer	$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	$78,022	$20,501	$2,773,145	$57,521
2024	$90,675	$25,831	$2,510,460	$64,844
2023	$90,972	$19,235	$2,247,987	$71,737
2022	$34,557	$16,641	$2,078,336	$17,916
2021	$42,006	$8,715	$2,274,662	$33,291