FARMS PRIDES COMMUNITY ASSOCIATION INC D/B/A HASTINGS HOUSE (EIN 046052046) - 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

1954

Legal Domicile

Principal Officer

PETER B JOHNSON

Phone

9782391621

Tax Period

2024-01-01 to 2024-12-31

FARMS PRIDES COMMUNITY ASSOCIATION INC D/B/A HASTINGS HOUSE, founded in 1954, is a micro nonprofit that reported $36K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $47K exceeded revenue, resulting in a 31% operating deficit.

Mission

A MEETING PLACE AND RECREATION VENUE FOR COMMUNITY GROUPS AND INDIVIDUALS.

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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 $40,185

Program Service Revenue $0

Investment Income $1,072

Other Revenue $-5,517

TOTAL REVENUE $35,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,800

Other Expenses $46,800

TOTAL EXPENSES $46,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,740	$43,997	-0.2%
Expenses	$46,800	$33,215	+0.4%
Net Income	$-11,060	$10,782	-2.0%

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
STEPHEN BRICKLES	DIRECTOR	2.00	Director	$0	$0	$0
PETER B JOHNSON	TREASURER	14.00	Officer Director	$0	$0	$0
KEVIN SMITH	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOSEPH MANZI	DIRECTOR	2.00	Director	$0	$0	$0
JEROME KYLLINGSTADT	DIRECTOR	2.00	Director	$0	$0	$0
JOANNE MILLER	DIRECTOR	4.00	Director	$0	$0	$0
RICHARD LORD	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBERT JONES	DIRECTOR	2.00	Director	$0	$0	$0
DAVID O'BRIEN	DIRECTOR	2.00	Officer Director	$0	$0	$0
JOHN BRENNAN	DIRECTOR	2.00	Director	$0	$0	$0
STEFANI PALAZZI	DIRECTOR	2.00	Director	$0	$0	$0
GREG SMITH	DIRECTOR	2.00	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
2024	$35,740	$46,800	$839,032	$-11,060
2023	$43,997	$33,215	$851,076	$10,782
2022	$51,267	$47,214	$843,360	$4,053
2021	$64,770	$50,268	$843,707	$14,502
2020	$33,780	$47,504	$812,224	$-13,724
2019	$51,977	$39,514	$825,948	$12,463
2018	$87,540	$34,959	$813,485	$52,581

FARMS PRIDES COMMUNITY ASSOCIATION INC D/B/A HASTINGS HOUSE