ALBERT & AMELIA FERST OPERATING FOUNDATION (EIN 043435123) - 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

1998

Legal Domicile

Principal Officer

Kevin Chrisanthopoulos

Phone

4135682503

Tax Period

2024-07-01 to 2025-06-30

ALBERT & AMELIA FERST OPERATING FOUNDATION, founded in 1998, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE RECREATIONAL OPPORTUNITIES, FINANCIAL AID, AND SCHOLARSHIPS TO THE YOUTH OF THE GREATER WESTFIELD AREA.

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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 $71,548

Program Service Revenue $1,004,687

Investment Income $27,954

Other Revenue $37,236

TOTAL REVENUE $1,141,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,925

Fundraising Expenses $11,553

Program Expenses $1,229,599

Other Expenses $863,213

TOTAL EXPENSES $1,296,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,141,425	$1,062,622	+0.1%
Expenses	$1,296,138	$1,288,173	+0.0%
Net Income	$-154,713	$-225,551	-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

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
WILLIAM FELLOWS	GENERAL MANAGER	40.00		$79,391	$2,100	$81,491
Sharon Czarnecki	Trustee	1.00	Director	$0	$0	$0
Beverly Donnachie	Trustee	1.00	Director	$0	$0	$0
Tom Daly	Trustee	1.00	Director	$0	$0	$0
Dave Caspole	Trustee	1.00	Director	$0	$0	$0
John Liptak	Trustee	1.00	Director	$0	$0	$0
Donald Goodreau	Trustee	1.00	Director	$0	$0	$0
Beth Lusteg	Trustee	1.00	Director	$0	$0	$0
Russ Kanzinger	Trustee	1.00	Director	$0	$0	$0
Bob Oliver	Trustee	1.00	Director	$0	$0	$0
Bruce Landon	Trustee	1.00	Director	$0	$0	$0
Kevin Chrisanthopoulos	President	1.00	Officer	$0	$0	$0
Clarence Matthews Jr	Vice President	1.00	Officer	$0	$0	$0
Dean Rankin	Treasurer	1.00	Officer	$0	$0	$0
Alicia Szenda	Secretary	1.00	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	$1,141,425	$1,296,138	$6,394,072	$-154,713
2024	$1,062,622	$1,288,173	$6,461,298	$-225,551
2022	$966,760	$1,077,421	$6,781,303	$-110,661
2021	$1,084,629	$894,880	$6,093,552	$189,749
2020	$867,983	$1,009,652	$5,804,177	$-141,669

ALBERT & AMELIA FERST OPERATING FOUNDATION