FRIENDS OF THE SOLDIERS' HOME IN HOLYOKE INC (EIN 043433950) - 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

1988

Legal Domicile

Principal Officer

Belinda Heckman

Phone

4135938981

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE SOLDIERS' HOME IN HOLYOKE INC, founded in 1988, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $27K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $12K, a strong 46% operating margin.

Mission

TO PROMOTE AND ENHANCE THE USE OF THE RESOURCES AND SERVICES OF THE SOLDIERS HOME OF HOLYOKE THROUGH CHARITABLE AND EDUCATIONAL ACTIVITIES.

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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 $8,549

Program Service Revenue $0

Investment Income $6,497

Other Revenue $11,948

TOTAL REVENUE $26,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,650

Other Expenses $14,650

TOTAL EXPENSES $14,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,994	$24,694	+0.1%
Expenses	$14,650	$7,107	+1.1%
Net Income	$12,344	$17,587	-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

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
Kevin Lumb	President	002.00	Director	$0	$0	$0
Belinda Heckman	Treasurer	001.00	Director	$0	$0	$0
Chris Bernard	Vice President	001.00	Director	$0	$0	$0
Natalie Richards	Clerk	001.00	Director	$0	$0	$0
Rosemary Brosnan	Director	001.00	Director	$0	$0	$0
Danielle Hayes	Director	001.00	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	$26,994	$14,650	$336,842	$12,344
2024	$24,694	$7,107	$324,605	$17,587
2023	$23,690	$14,158	$303,422	$9,532
2022	$23,321	$18,175	$293,890	$5,146
2021	$84,002	$21,910	$288,744	$62,092
2020	$44,428	$19,673	$226,652	$24,755
2019	$46,307	$39,116	$201,897	$7,191
2018	$51,548	$30,680	$194,706	$20,868

FRIENDS OF THE SOLDIERS' HOME IN HOLYOKE INC