GEORGE N ALTHOUSE MEMORIAL ASSOCIATION (EIN 232821896) - 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

1950

Legal Domicile

Principal Officer

ANTOINEETE CARTER

Phone

6102724638

Tax Period

2024-01-01 to 2024-12-31

GEORGE N ALTHOUSE MEMORIAL ASSOCIATION, founded in 1950, is a small nonprofit in the Public & Societal Benefit sector that reported $300K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE A FACILITY FOR VETERANS TO HOLD MEETINGS AND SOCIALIZE WITH THEIR FAMILY AND GUESTS

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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 $215,473

Program Service Revenue $84,309

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,695

Fundraising Expenses $0

Other Expenses $283,087

TOTAL EXPENSES $299,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,782	$448,049	-0.3%
Expenses	$299,782	$433,080	-0.3%
Net Income	$0	$14,969	-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

N/A

Independent Members

N/A

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

$14,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTOINETTE CARTER	PRESIDENT	5.00	Officer	$0	$0	$0
JAMES SAMUEL	VICE PRESIDENT	5.00	Officer	$14,400	$0	$14,400
BERNARD G MONTGOMERY JR	TREASURER	5.00	Officer	$0	$0	$0
JEWEL BALDWIN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM FORD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
DONTE MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
BARRY WAYNE	TRUSTEE	1.00	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	$299,782	$299,782	$228,857	No data
2022	$365,804	$367,012	$418,969	$-1,208
2021	$432,700	$412,613	$553,114	$20,087

GEORGE N ALTHOUSE MEMORIAL ASSOCIATION