HISTORIC FALLSINGTON INC (EIN 231569603) - 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

1953

Legal Domicile

Principal Officer

ROBERT LB HARMAN

Phone

2152956567

Tax Period

2024-01-01 to 2024-12-31

HISTORIC FALLSINGTON INC, founded in 1953, is a small nonprofit in the Arts, Culture & Humanities sector that reported $203K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $246K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PRESERVE THE HISTORICAL SIGNIFICANCE OF THE VILLAGE OF FALLSINGTON FOR FUTURE GENERATIONS AND TO EDUCATE THE PUBLIC ABOUT ITS CULTURE AND RICH HISTORY.

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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 $52,351

Program Service Revenue $127,021

Investment Income $21,406

Other Revenue $1,845

TOTAL REVENUE $202,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,028

Fundraising Expenses $13,287

Program Expenses $194,215

Other Expenses $175,566

TOTAL EXPENSES $245,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,623	$185,591	+0.1%
Expenses	$245,594	$210,597	+0.2%
Net Income	$-42,971	$-25,006	+0.7%

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

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

$55,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LB HARMAN	PRESIDENT	5.15	Officer Director	$0	$0	$0
RYAN J PARRY	VICE PRESIDE	0.28	Officer Director	$0	$0	$0
LOUISE J HARMAN	TREASURER	5.27	Officer Director	$0	$0	$0
MARY JEAN KLEIN	ASSOCIATE TR	1.51	Officer Director	$0	$0	$0
SHELLIE STODDARD	SECRETARY	0.16	Officer Director	$0	$0	$0
CRAIG BURTON	TRUSTEE	0.09	Director	$0	$0	$0
MICHAEL CREEVEY	TRUSTEE	0.29	Director	$0	$0	$0
ROBERT HEDDEN	TRUSTEE	0.98	Director	$0	$0	$0
ROBERT CHUCK KLEIN	TRUSTEE	0.18	Director	$0	$0	$0
JARRED PARRISH	TRUSTEE	0.07	Director	$0	$0	$0
MARYANN S PAZDAN	TRUSTEE	1.80	Director	$0	$0	$0
ROBIN PRESTAGE	TRUSTEE	0.05	Director	$0	$0	$0
JOHN K SHAFFER	TRUSTEE	0.20	Director	$0	$0	$0
MICHAEL SHAVEL	TRUSTEE	0.05	Director	$0	$0	$0
KRISTIN SWANTON	TRUSTEE	0.23	Director	$0	$0	$0
JIM VOIGTLANDER	TRUSTEE	6.12	Director	$0	$0	$0
MATTHEW WHITTLE	TRUSTEE	0.25	Director	$0	$0	$0
KIMBERLY PRARIA	EXECUTIVE DI	40.00	Officer	$55,560	$0	$55,560

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	$202,623	$245,594	$864,650	$-42,971
2023	$185,591	$210,597	$879,980	$-25,006
2022	$191,570	$197,047	$858,116	$-5,477
2021	$192,811	$166,714	$914,887	$26,097
2020	$177,419	$178,109	$798,220	$-690
2019	$225,723	$192,652	$779,472	$33,071
2018	$165,513	$187,554	$726,484	$-22,041

HISTORIC FALLSINGTON INC