THE FRIENDS OF ELMS COLLEGE INC

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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

2007

Legal Domicile

Principal Officer

KATIE LONGLEY

Phone

4135942761

Tax Period

2019-07-01 to 2020-06-30

THE FRIENDS OF ELMS COLLEGE INC, founded in 2007, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2019. Revenue surged 2174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 57% operating margin.

Mission

TO SUPPORT THE EDUCATIONAL MISSION OF THE TRUSTEES OF THE COLLEGE OF OUR LADY OF THE ELMS, INC. AND ENGAGE IN ANY LAWFUL ACT OR ACTIVITY IN FURTHERANCE OF ITS EDUCATIONAL MISSION.

Program Service Accomplishments

Program 1

Expenses: $1,354,141 Revenue: $3,161,218

THE ORGANIZATION OWNED THE CENTER FOR NATURAL & HEALTH SCIENCES WHICH WAS BEING LEASED TO ELMS COLLEGE. THIS BUILDING WAS CONTRIBUTED/TRANSFERRED TO ELMS COLLEGE IN FYE 6/30/20.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,887

Investment Income $0

Other Revenue $3,147,331

TOTAL REVENUE $3,161,218

Expense Breakdown

Grants Paid $1,344,308

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,354,141

Other Expenses $29,009

TOTAL EXPENSES $1,373,317

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,161,218	$139,000	+21.7%
Expenses	$1,373,317	$443,927	+2.1%
Net Income	$1,787,901	$-304,927	-6.9%

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

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

$528,608

Total Directors

$996,930

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY DUMAY	TRUSTEE	0.25	Director	$0	$78,636	$468,322
WALTER BREAU	PRESIDENT	0.25	Officer Director	$0	$26,858	$205,608
KATIE LONGLEY	TREASURER	0.25	Officer Director	$0	$26,636	$200,577
GARY RUSSETT	CLERK	0.25	Officer Director	$0	$22,501	$122,423
NANCY MACPHERSON	TRUSTEE	0.25	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
2020	$3,161,218	$1,373,317	No data	$1,787,901
2019	$139,000	$443,927	$10,245,221	$-304,927
2018	$138,567	$480,609	$10,533,248	$-342,042