FRIENDS OF HISTORIC KINGSTON

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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

1967

Legal Domicile

Principal Officer

SARAH BITTNER

Phone

8453390720

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF HISTORIC KINGSTON, founded in 1967, is a small nonprofit that reported $330K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 25% operating margin.

Mission

SUPPORT AND PROTECT THE ARCHITECTURAL, HISTORICAL AND CULTURAL HERITAGE OF THE CITY OF KINGSTON, NY THROUGH PROGRAMS OF ADVOCACY, EDUCATION AND PRESERVATION.

Program Service Accomplishments

Program 1

Expenses: $191,121 Revenue: $4,166

PRESERVATION OF HISTORICAL ARTIFACTS AND STRUCTURES

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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 $287,461

Program Service Revenue $4,166

Investment Income $38,380

Other Revenue $0

TOTAL REVENUE $330,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,105

Fundraising Expenses $0

Program Expenses $191,121

Other Expenses $156,696

TOTAL EXPENSES $248,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,007	$254,688	+0.3%
Expenses	$248,801	$218,564	+0.1%
Net Income	$81,206	$36,124	+1.2%

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

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH GARMIRE	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANNA BRETT	VP	2.00	Officer Director	$0	$0	$0
PETER ROBERTS	TREASURER	2.00	Officer Director	$0	$0	$0
MELANIE KORMANN	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY MOXHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL DEL PRIORE	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC WINCHELL	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY CHANDO	BOARD MEMBER	2.00	Director	$0	$0	$0
TAYLOR BRUCK	BOARD MEMBER	2.00	Director	$0	$0	$0
JON PALMER	BOARD MEMBER	2.00	Director	$0	$0	$0
ELI BASCH	BOARD MEMBER	2.00	Director	$0	$0	$0
JENN ZELL	BOARD MEMBER	2.00	Director	$0	$0	$0
JANE KELLAR	EXECUTIVE DIRECTOR	40.00	Officer	$60,000	$0	$60,000

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
2026	No data	No data	No data	No data
2025	$330,007	$248,801	$815,903	$81,206
2024	$254,688	$218,564	$737,334	$36,124
2023	$151,681	$131,120	$1,052,855	$20,561
2022	$190,563	$117,537	$1,064,775	$73,026
2021	$147,472	$112,602	$994,422	$34,870
2020	$145,421	$121,184	$905,004	$24,237
2019	$137,484	$113,979	$890,184	$23,505