FRIENDS OF THE HERMITAGE INC (EIN 237155909) - 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

1972

Legal Domicile

Principal Officer

ROBERT SCHWARTZ

Phone

2014458311

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE HERMITAGE INC, founded in 1972, is a small nonprofit that reported $226K in total revenue in fiscal year 2024. The organization ran a surplus of $42K, a strong 18% operating margin.

Mission

RESTORE, PRESERVE, AND INTERPRET THE HERMITAGE, ITS PROPERTY AND OUTBUILDINGS AS A HISTORIC SITE AND MUSEUM. THIS PROCESS INVOLVES COLLECTING, PRESERVING, AND INTERPRETING ITEMS.

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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 $95,114

Program Service Revenue $22,834

Investment Income $311

Other Revenue $107,681

TOTAL REVENUE $225,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,233

Fundraising Expenses $11,161

Program Expenses $99,849

Other Expenses $115,201

TOTAL EXPENSES $184,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,940	$214,789	+0.1%
Expenses	$184,434	$216,673	-0.1%
Net Income	$41,506	$-1,884	-23.0%

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

Independent Members

Employees

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
ROBERT SCHWARTZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN BEARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREA KIRCHER	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK CHU	TREASURER	1.00	Officer Director	$0	$0	$0
ROBIN CANNATA	TRUSTEE	1.00	Director	$0	$0	$0
BINDY KASE	TRUSTEE	1.00	Director	$0	$0	$0
MARK FERNANDS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GORMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN E MARTINO	TRUSTEE	1.00	Director	$0	$0	$0
NANCY MOSES	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY SCHWARTZ	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH VAN HASSEL	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA H WHYTE	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	$225,940	$184,434	$599,956	$41,506
2023	$214,789	$216,673	$553,667	$-1,884
2022	$205,119	$161,953	$553,141	$43,166
2022	$202,958	$161,953	$550,980	$41,005
2021	$145,925	$105,576	$514,109	$40,349
2020	$71,250	$101,114	$469,866	$-29,864
2019	$181,178	$199,252	$517,493	$-18,074
2018	$171,331	$213,021	$518,893	$-41,690

FRIENDS OF THE HERMITAGE INC