FRIENDS OF WHEELING INC

EIN: 237092060 501(c)(3)

WHEELING, WV

Total Revenue
$197,150
Total Expenses
$34,634
Total Assets
$738,403
Net Assets
$738,403
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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
1970
Legal Domicile
WV
Principal Officer
JEANNE FINSTEIN
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF WHEELING INC, founded in 1970, is a small nonprofit that reported $197K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $163K, a strong 82% operating margin.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS HISTORIC PRESERVATION EDUCATION AND ACTIVITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $122,285
Program Service Revenue $3,331
Investment Income $83,372
Other Revenue $-11,838
TOTAL REVENUE $197,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $33,785
Other Expenses $34,634
TOTAL EXPENSES $34,634

Year-over-Year Comparison

2023 2022 Change
Revenue $197,150 $177,707 +0.1%
Expenses $34,634 $27,136 +0.3%
Net Income $162,516 $150,571 +0.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
500

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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNE FINSTEIN PRESIDENT 0.50
Director
$0 $0 $0
JAY FREY VICE PRESIDE 0.50
Officer
$0 $0 $0
JACKIE HERRICK SECRETARY 0.50
Officer
$0 $0 $0
STEVE SUHLER TREASURER 0.50
Officer
$0 $0 $0
JOANNE SULLIVAN PAST TREASUR 0.50
Officer
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $197,150 $34,634 $738,403 $162,516
2022 $177,707 $27,136 $544,062 $150,571
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