THE TOWNWIDE FUND OF HUNTINGTON INC (EIN 111975035) - 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

1960

Legal Domicile

Principal Officer

GREGORY KENNEDY

Phone

6316294950

Tax Period

2023-01-01 to 2023-12-31

THE TOWNWIDE FUND OF HUNTINGTON INC, founded in 1960, is a small nonprofit that reported $372K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $455K exceeded revenue, resulting in a 22% operating deficit.

Mission

RAISING FUNDS IN THE HUNTINGTON AREA FOR DISTRIBUTION TO CAREFULLY CHOSEN LOCAL NON-PROFIT AGENCIES THAT PROVIDE VITAL HEALTH AND HUMAN SERVICES TO COMMUNITY MEMBERS IN NEED, IMPROVING THE QUALITY AND AVAILABILITY OF SERVICES IN THE TOWN OF HUNTINGTON. MONEY RAISED IN HUNTINGTON STAYS IN HUNTINGTON.

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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 $398,606

Program Service Revenue $0

Investment Income $-26,892

Other Revenue $-66

TOTAL REVENUE $371,648

Expense Breakdown

Grants Paid $250,260

Salaries & Benefits $142,054

Fundraising Expenses $28,890

Program Expenses $388,338

Other Expenses $62,364

TOTAL EXPENSES $454,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,648	$409,218	-0.1%
Expenses	$454,678	$394,222	+0.2%
Net Income	$-83,030	$14,996	-6.5%

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

$93,331

Total Directors

$109,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY KENNEDY	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JANICE WHELAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID ALTMAN	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DEBORHAH KNOWLES	ASSISTANT DIRECTOR	10.00	Director	$16,498	$0	$16,498
JEROME HEHIR	TREASURER	2.00	Officer Director	$0	$0	$0
MATT CURRY	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ELLEN FLEURY	DIRECTOR	2.00	Director	$0	$0	$0
RONALD FRIEDMAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID GUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
BEATRICE HARTIGAN	DIRECTOR	2.00	Director	$0	$0	$0
ERROL KITT	DIRECTOR	2.00	Director	$0	$0	$0
THRESE MORA	DIRECTOR	2.00	Director	$0	$0	$0
JAMES NERI	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA NOWAK	DIRECTOR	2.00	Director	$0	$0	$0
SHARI PEYSER	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES POWERS	DIRECTOR	2.00	Director	$0	$0	$0
VITA SCATURO	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN WALKIN	DIRECTOR	2.00	Director	$0	$0	$0
ALICE MARIE RORKE	EXECUTIVE DIRECTOR	40.00	Officer Director	$93,331	$0	$93,331
JOHN FULTON	DIRECTOR	2.00	Director	$0	$0	$0
ANNETTE COMBER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT BENSON	DIRECTOR	2.00	Director	$0	$0	$0
CINDY AWAN	DIRECTOR	2.00	Director	$0	$0	$0
FRAN GIRMONTI	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN LYONS	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS MCNALLY	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE MAZZEO	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER RAIMONDI	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE HOM PARKER	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	No data	No data	No data	No data
2023	$371,648	$454,678	$655,315	$-83,030
2022	$409,218	$394,222	$691,040	$14,996
2021	$553,644	$282,086	$737,483	$271,558
2020	$239,950	$238,654	$530,966	$1,296
2019	$230,600	$267,253	$502,451	$-36,653
2018	$226,618	$247,283	$476,500	$-20,665

THE TOWNWIDE FUND OF HUNTINGTON INC