FRIENDS OF HAMMONASSET 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

1999

Legal Domicile

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

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE ENVIRONMENTAL EDUCATION, PRESERVE THE INTEGRITY OF HAMMONASSET STATE PARK'S NATURAL RESOURCES, AND TO ACT AS AN ADVOCATE OF THE PARK.

Program Service Accomplishments

Program 1

Expenses: $94,180

PARK AND NATURE CENTER IMPROVEMENTS AND EXPENSES

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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 $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

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
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