THE HOWARD K FINCH MEMORIAL FUND

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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

1998

Legal Domicile

Principal Officer

RICHARD M RUNYON

Phone

6073365927

Tax Period

2024-01-01 to 2024-12-31

THE HOWARD K FINCH MEMORIAL FUND, founded in 1998, is a micro nonprofit in the Public & Societal Benefit sector that reported $25K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 74% operating deficit.

Mission

DISTRIBUTE FUNDS FOR THE BENEFIT OF THE TOWN AND VILLAGE OF SHERBURNE, NY

Program Service Accomplishments

Program 1

Expenses: $30,000

PROVIDE FUNDS FOR COMMUNITY PROJECTS THAT WILL BENEFIT THE VILLAGE AND TOWN OF SHERBURNE'S CITIZENS.

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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 $0

Program Service Revenue $0

Investment Income $25,369

Other Revenue $0

TOTAL REVENUE $25,369

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $2,810

Fundraising Expenses $0

Program Expenses $30,000

Other Expenses $11,322

TOTAL EXPENSES $44,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,369	$40,452	-0.4%
Expenses	$44,132	$36,977	+0.2%
Net Income	$-18,763	$3,475	-6.4%

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

N/A

Employees

N/A

Volunteers

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

$2,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD M RUNYON	TRUSTEE	4.00	Director	$2,810	$0	$2,810
WILLIAM ACEE	COMMUNITY MEMB	0.00	Director	$0	$0	$0
KEVIN VIBBARD	COMMUNITY MEMB	0.00	Director	$0	$0	$0
CHARLES MAESTRO	COMMUNITY MEMB	0.00	Director	$0	$0	$0
JAMES F TAYLOR	COMMUNITY MEMB	0.00	Director	$0	$0	$0
WILL SLENTZ	COMMUNITY MEMB	0.00	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	$25,369	$44,132	$999,753	$-18,763
2023	$40,452	$36,977	$1,018,516	$3,475
2022	$33,772	$37,720	$1,015,041	$-3,948
2021	$30,070	$103,548	$1,018,989	$-73,478
2020	$111,298	$28,035	$1,092,467	$83,263
2019	$40,872	$73,135	$1,009,204	$-32,263
2018	$39,966	$48,535	$1,040,602	$-8,569