JFM NO 2 CORP (EIN 208204522) - 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

2006

Legal Domicile

Principal Officer

ANDREW COWAN

Phone

2077822726

Tax Period

2024-04-01 to 2025-03-31

JFM NO 2 CORP, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $130K in total revenue in fiscal year 2024. Expenses of $173K exceeded revenue, resulting in a 34% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING TO DISABLED INDIVIDUALS.

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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 $44,149

Program Service Revenue $84,971

Investment Income $674

Other Revenue $0

TOTAL REVENUE $129,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,221

Fundraising Expenses $0

Program Expenses $153,724

Other Expenses $156,159

TOTAL EXPENSES $173,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,794	$123,096	+0.1%
Expenses	$173,380	$144,947	+0.2%
Net Income	$-43,586	$-21,851	+1.0%

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

$507,547

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN D CLIFFORD V	DIRECTOR	0.00	Director	$0	$0	$0
DEANA KANE	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS CROWLEY	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN SHAVER	TREASURER	0.00	Officer Director	$0	$0	$0
MICHAEL DROUIN	DIRECTOR	0.00	Director	$0	$0	$0
JOHN D CLIFFORD IV	DIRECTOR	0.00	Director	$0	$0	$0
CYNDY PARADIS	DIRECTOR	0.00	Director	$0	$0	$0
JOE O'CONNOR	PRESIDENT	0.00	Officer Director	$0	$0	$0
JOHN V BONNEAU	DIRECTOR	0.00	Director	$0	$0	$0
JOHN DULAC	DIRECTOR	0.00	Director	$0	$0	$0
ANITA DROUIN	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
RICHELLE WALLACE	SECRETARY	0.00	Officer Director	$0	$0	$0
NORM TANCREDE	DIRECTOR	0.00	Director	$0	$0	$0
RICH CUTLIFFE	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW COWAN	CFO	1.00	Officer	$0	$18,496	$250,893
TODD GOODWIN	CEO	1.00	Officer	$0	$14,253	$256,654

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	$129,794	$173,380	$1,186,220	$-43,586
2024	$123,096	$144,947	$1,171,419	$-21,851
2023	$109,286	$145,424	$1,187,747	$-36,138
2022	$107,993	$145,079	$1,228,115	$-37,086
2021	$108,899	$143,830	$1,266,307	$-34,931
2020	$94,190	$115,320	$1,284,356	$-21,130
2019	$80,147	$102,460	$1,304,093	$-22,313
2018	$80,121	$97,637	$1,327,847	$-17,516

JFM NO 2 CORP