THE HOWARD K FINCH MEMORIAL FUND

EIN: 166443769 501(c)(3) Public & Societal Benefit

NORWICH, NY

Total Revenue
$25,369
Total Expenses
$44,132
Total Assets
$999,753
Net Assets
$999,753
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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
NY
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

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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 (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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
4

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
0
$0
Total Directors
6
$2,810
Key Employees
0
$0
Highest Compensated
0
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
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