FRIENDS OF VALLEY FALLS 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

1972

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF VALLEY FALLS INC, founded in 1972, is a micro nonprofit in the Recreation & Sports sector that reported $46K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $54K exceeded revenue, resulting in a 17% operating deficit.

Mission

The mission of the Friends of Valley Falls Inc. organization is be the responsible owners of the Valley Falls Farm and to promote the betterment of the Valley Falls Park. The organization carries out this mission through careful stewardship of their lands and buildings conservation of their resources and through outreach to the community.

Program Service Accomplishments

Program 1

Expenses: $39,097 Revenue: $23,437

Organization provided maintenance preservation and improvements to the Valley Falls property including the farmhouse and several farm outbuildings. The overall goal is to preserve the historical...

Organization provided maintenance preservation and improvements to the Valley Falls property including the farmhouse and several farm outbuildings. The overall goal is to preserve the historical aspects of the Valley Falls property.

Program 2

Expenses: $3,138 Revenue: $0

Published newsletters and annual report to inform and educate members and the general public on the progress of farm preservation and the development of the Farm heritage Center. The news letters...

Published newsletters and annual report to inform and educate members and the general public on the progress of farm preservation and the development of the Farm heritage Center. The news letters were sent to approximately 300 people while the annual report was sent to approximately 150 members and supporters. Also maintained an informational website to keep the general public informed of the progress at Valley Falls Farm and Park.

Program 3

Expenses: $3,125 Revenue: $0

The organization completed development of the Farm Heritage Center at the Valley Falls site and formally opened the Heritage Center to the public on June 10 2023. The Heritage Center continued to be open to the public during the summer of 2023 and a total of approximately 500 people attended the Heritage Center during the first year of operation. The Heritage Center presents the history of the late 19th and early 20th century farm life and farm implements. The purpose is to educate the public to farm life during that time period.

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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 $22,476

Program Service Revenue $560

Investment Income $677

Other Revenue $22,297

TOTAL REVENUE $46,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,134

Program Expenses $45,360

Other Expenses $53,863

TOTAL EXPENSES $53,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,010	$98,516	-0.5%
Expenses	$53,863	$79,984	-0.3%
Net Income	$-7,853	$18,532	-1.4%

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

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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
Lynn Lusardi	Director	3.50	Director	$0	$0	$0
Ann Letendre	Director	20.00	Director	$0	$0	$0
Bruce Dinnie	Director	1.50	Director	$0	$0	$0
William Darico	Director	1.50	Director	$0	$0	$0
Jane Darico	Director	0.00	Director	$0	$0	$0
Maryann Levesque	President	25.00	Officer	$0	$0	$0
Open Position	Vice President	0.00	Officer	$0	$0	$0
Nancy Steffens	Secretary	10.00	Officer	$0	$0	$0
Robert Letendre	Treasurer	15.00	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	No data	No data	No data	No data
2024	$46,010	$53,863	$691,854	$-7,853
2023	$98,516	$79,984	$698,732	$18,532
2022	$49,310	$82,997	$681,074	$-33,687
2021	$98,270	$46,573	$714,761	$51,697
2020	$338,205	$40,676	$662,189	$297,529