FRIENDS OF HEUBLEIN TOWER 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

1987

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF HEUBLEIN TOWER INC, founded in 1987, is a micro nonprofit that reported $26K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $44K exceeded revenue, resulting in a 73% operating deficit.

Mission

The Friends of Heublein Tower supplements the State of Connecticuts efforts in restoring, improving and interpreting the Heublein Tower and its surrounding grounds. The restored Tower serves as a museum and a place of learning for the educational benefit of the public.

Program Service Accomplishments

Program 1

Expenses: $8,965

RESTORATION EXPENSES TO MAINTAIN THE HISTORIC HEUBLEIN TOWER

Program 2

Expenses: $7,838

PROGRAMNS THROUGH SOCIAL MEDIA TO EDUCATE THE PUBLIC ON THE HISTORY AND IMPORTANCE OF THE HEUBLEIN TOWER.

Program 3

Expenses: $6,550

MAINTAINING A WEBSITE TO EDUCATE THE PUBLIC ON THE HISTORY AND IMPORTANCE OF THE HEUBLEIN TOWER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,006

Program Service Revenue $0

Investment Income $17,123

Other Revenue $2,481

TOTAL REVENUE $25,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,353

Other Expenses $44,257

TOTAL EXPENSES $44,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,610	$31,476	-0.2%
Expenses	$44,257	$29,189	+0.5%
Net Income	$-18,647	$2,287	-9.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL COOKMAN	DIRECTOR	1.00	Director	$0	$0	$0
MAURA BORSECNIK	DIRECTOR	1.00	Director	$0	$0	$0
PRATI KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
LIZ HARINGTON	DIRECTOR	1.00	Director	$0	$0	$0
KYLE SURPRENANT	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA SIMMONS	SECRETARY	2.00	Director	$0	$0	$0
CRAIG HUGEL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CASE	VICE PRESIDENT	2.00	Director	$0	$0	$0
GREG SMITH	DIRECTOR	5.00	Director	$0	$0	$0
LISA HUGEL	DIRECTOR	1.00	Director	$0	$0	$0
LOREN AMICO-CLARK	TREASURER	0.00	Officer Director	$0	$0	$0
JAY WILLERUP	PRESIDENT	6.00	Officer 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	No data	No data	No data	No data
2023	$25,610	$44,257	$1,267,821	$-18,647
2022	$31,476	$29,189	$1,048,080	$2,287
2021	$422,766	$29,836	$1,246,960	$392,930
2020	$18,005	$37,503	$614,971	$-19,498
2019	$51,762	$59,301	$575,787	$-7,539