THE TARA CIRCLE INC

EIN: 133700821 501(c)(3) Arts, Culture & Humanities

VALHALLA, NY

Total Revenue
$240,575
Total Expenses
$466,145
Total Assets
$4,000,525
Net Assets
$3,597,285
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NY
Principal Officer
THOMAS HINCHEY
Phone
9149648272
Tax Period
2023-01-01 to 2023-12-31

THE TARA CIRCLE INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $241K in total revenue in fiscal year 2023. Expenses of $466K exceeded revenue, resulting in a 94% operating deficit.

Mission

FOSTER THE INTEREST AND AWARENESS OF IRISH - AMERICAN CULTURE

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $240,575
Other Revenue $0
TOTAL REVENUE $240,575

Expense Breakdown

Grants Paid $334,200
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $399,223
Other Expenses $131,945
TOTAL EXPENSES $466,145

Year-over-Year Comparison

2023 2022 Change
Revenue $240,575 $230,419 +0.0%
Expenses $466,145 $577,444 -0.2%
Net Income $-225,570 $-347,025 -0.3%
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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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
7
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT G STAUF DIRECTOR 1.00
Director
$0 $0 $0
TOM BRADY DIRECTOR 1.00
Director
$0 $0 $0
EILEEN A CAREY DIRECTOR 1.00
Director
$0 $0 $0
THOMAS GORMLEY DIRECTOR 1.00
Director
$0 $0 $0
KEVIN HARTNETT DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE MARSHALL DIRECTOR 1.00
Officer Director
$0 $0 $0
MICHAEL MORLEY DIRECTOR 1.00
Director
$0 $0 $0
TOM KENNEDY DIRECTOR 1.00
Director
$0 $0 $0
PHILIP DENNING DIRECTOR 1.00
Director
$0 $0 $0
CYRIL J HUGHES PRESIDENT 1.00
Officer
$0 $0 $0
JAMES MCQUAID VICE-PRESIDENT 1.00
Officer
$0 $0 $0
THOMAS P HINCHEY TREASURER 1.00
Officer
$0 $0 $0
CATHERINE T HOGAN SECRETARY 1.00
Officer
$0 $0 $0
JAMES RICE CHAIRMAN EMERITUS 1.00
Officer
$0 $0 $0
MAEVE GRIFFIN FINANCIAL SECRETARY 1.00
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
2023 $240,575 $466,145 $4,000,525 $-225,570
2022 $230,419 $577,444 $4,012,327 $-347,025
2021 $503,977 $686,689 $5,032,825 $-182,712
2020 $407,596 $239,845 $4,824,752 $167,751
2019 $171,233 $203,529 $4,541,390 $-32,296
2018 $249,014 $177,900 $3,861,255 $71,114
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