FRIENDS OF HEARTHSIDE INC (EIN 050520888) - 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

2001

Legal Domicile

Principal Officer

KATHRYN HARTLEY

Phone

4013342209

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF HEARTHSIDE INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2022. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 25% operating margin.

Mission

THE MISSION OF FRIENDS OF HEARTHSIDE, INC. IS TO PRESERVE, PROTECT, PROMOTE AND INTERPRET THE HERITAGE OF THE HEARTHSIDE HOMESTEAD (B. 1810) AND THE GREAT ROAD HISTORIC DISTRICT THROUGH LIVING HISTORY PROGRAMS AND EVENTS.AS A COMMUNITY-BASED NONPROFIT ORGANIZATION, FRIENDS OF HEARTHSIDE PLACES HIGH VALUE ON THE ENHANCEMENT AND PROTECTION OF THE COMMUNITY'S QUALITY OF LIFE; AUTHENTICITY IN THE PRESERVATION, EXPERIENCE, CONTEXT AND SETTING OF HEARTHSIDE; PROFESSIONALISM AND INTEGRITY, AND A COMMITMENT TO MENTORING THE NEXT GENERATION OF VOLUNTEERS AND PRESERVATIONISTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $117,455

Program Service Revenue $93,458

Investment Income $7,479

Other Revenue $9,098

TOTAL REVENUE $227,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,199

Other Expenses $170,079

TOTAL EXPENSES $170,079

Year-over-Year Comparison

	2022	2021	Change
Revenue	$227,490	$131,986	+0.7%
Expenses	$170,079	$61,564	+1.8%
Net Income	$57,411	$70,422	-0.2%

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
ALLISON MAROVELLI	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINE MAINO	DIRECTOR	0.50	Director	$0	$0	$0
KIRK HINDMAN	DIRECTOR	0.50	Director	$0	$0	$0
LINDA JENNINGS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HEON	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM J MCMANUS	DIRECTOR	0.50	Director	$0	$0	$0
KATHRYN HARTLEY	PRESIDENT	2.00	Officer	$0	$0	$0
JOHN SCANLON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ASHLEY FLYNN	TREASURER	0.50	Officer	$0	$0	$0
DIANE PRETE	SECRETARY	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
2022	$227,490	$170,079	$414,217	$57,411

FRIENDS OF HEARTHSIDE INC