SYRACUSE HOME ASOCIATION FOUNDATION (EIN 161242138) - 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

1985

Legal Domicile

Principal Officer

Mark Murphy

Phone

3156382521

Tax Period

2024-01-01 to 2024-12-31

SYRACUSE HOME ASOCIATION FOUNDATION, founded in 1985, is a small nonprofit in the Health Care sector that reported $432K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $391K left a modest 9% surplus.

Mission

Established to receive and administer gifts and bequests and to pay monies in support of the charitable purposes of Syracuse Home Association and other not-for-profit organizations primarily in Onondaga County.

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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 $242,823

Program Service Revenue $0

Investment Income $150,749

Other Revenue $38,038

TOTAL REVENUE $431,610

Expense Breakdown

Grants Paid $4,100

Salaries & Benefits $132,876

Fundraising Expenses $79,907

Program Expenses $266,086

Other Expenses $253,692

TOTAL EXPENSES $390,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,610	$332,032	+0.3%
Expenses	$390,668	$343,817	+0.1%
Net Income	$40,942	$-11,785	-4.5%

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

Total Directors

Key Employees

$53,691

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Audrey Gibbs	Director of Philanthropy	24	Key Emp	$0	$3,507	$53,691
Dave Horan	Treasurer	1	Officer Director	$0	$0	$0
Fran Nichols	Director	1	Director	$0	$0	$0
Don Colon	Director	1	Director	$0	$0	$0
Fred Marty	Director	1	Director	$0	$0	$0
Doris Hildebrandt	Director	1	Director	$0	$0	$0
William Mercer	President	1	Officer Director	$0	$0	$0
Norma Widmann	Director	1	Director	$0	$0	$0
Michael Barker	Director	1	Director	$0	$0	$0
Susan Younis	Director	1	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
2025	No data	No data	No data	No data
2024	$431,610	$390,668	$7,206,131	$40,942
2023	$332,032	$343,817	$6,832,117	$-11,785
2022	$295,270	$382,315	$6,482,268	$-87,045
2021	$696,815	$445,255	$7,444,291	$251,560
2020	$394,247	$352,793	$6,793,971	$41,454
2019	$319,605	$414,955	$6,500,149	$-95,350
2018	$274,566	$353,226	$6,037,636	$-78,660

SYRACUSE HOME ASOCIATION FOUNDATION