FRIENDS OF HAMMONASSET INC

EIN: 061546997 501(c)(3) Environment

MADISON, CT

Total Revenue
$192,411
Total Expenses
$114,476
Total Assets
$716,869
Net Assets
$716,869
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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
1999
Legal Domicile
CT
Principal Officer
CHRISTINE KOSTER
Phone
2036414687
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF HAMMONASSET INC, founded in 1999, is a small nonprofit in the Environment sector that reported $192K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 41% operating margin.

Mission

PRESERVATION OF HAMMONASSET STATE PARK

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $78,940
Program Service Revenue $0
Investment Income $26,283
Other Revenue $87,188
TOTAL REVENUE $192,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $94,180
Other Expenses $114,476
TOTAL EXPENSES $114,476

Year-over-Year Comparison

2024 2023 Change
Revenue $192,411 $156,250 +0.2%
Expenses $114,476 $76,620 +0.5%
Net Income $77,935 $79,630 0.0%
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

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Governance

Voting Members
15
Independent Members
15
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE KOSTER PRESIDENT 15.00
Officer
$0 $0 $0
MAUREEN EGAN VICE PRESIDENT 15.00
Officer
$0 $0 $0
GENE SMITH TREASURER 15.00
Officer
$0 $0 $0
LANDA FREEMAN SECRETARY 5.00
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
2024 $192,411 $114,476 $716,869 $77,935
2023 $156,250 $76,620 $638,934 $79,630
2022 $149,144 $71,824 $559,304 $77,320
2021 $146,792 $193,052 $481,984 $-46,260
2020 $60,127 $74,120 $528,244 $-13,993
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