FRIENDS OF FENWAY STUDIOS 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

1998

Legal Domicile

Principal Officer

LYNDA MCNALLY

Phone

5088476613

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF FENWAY STUDIOS INC, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $749 in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $2K exceeded revenue, resulting in a 103% operating deficit.

Mission

PROMOTING THE CULTURAL ENRICHMENT AND EDUCATIN OF THE PUBLIC AND THE FENWAY ARTISTS UNIQUE CONTRIBUTIONS TO ART WHILE RESTORING AND PRESERVING THE AFORDABLE STUDIOS IN WHICH THEY WORK

Program Service Accomplishments

Program 1

Expenses: $1,519

PROMOTED THE ARTISTIC CONTRIBUTIONS OF THE FENWAY STUDIO ARTISTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $749

Other Revenue $0

TOTAL REVENUE $749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,519

Other Expenses $1,519

TOTAL EXPENSES $1,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$749	$2,424	-0.7%
Expenses	$1,519	$4,536	-0.7%
Net Income	$-770	$-2,112	-0.6%

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
LYNDA MCNALLY	PRESIDENT	N/A	Officer	$0	$0	$0
CLAIRE BEAN	TREASURER	N/A	Officer	$0	$0	$0
PETER SCOTT	SECRETARY	N/A	Officer	$0	$0	$0
OREN SHERMAN	VICE PRESIDE	N/A	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$749	$1,519	$59,441	$-770
2022	$2,424	$4,536	$60,211	$-2,112
2021	$6,086	$37,770	$62,323	$-31,684
2020	$21,512	$14,953	$94,007	$6,559
2019	$50,514	$45,933	$86,683	$4,581