FRIENDS OF HATHORNE STATE SCHOOL I

EIN: 237274670 501(c)(3) Human Services

HATHORNE, MA

Total Revenue
$11,458
Total Expenses
$9,441
Total Assets
$23,055
Net Assets
$23,055
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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
1968
Legal Domicile
MA
Principal Officer
DAVID BOLING
Phone
9787745000
Tax Period
2020-07-01 to 2021-06-30

FRIENDS OF HATHORNE STATE SCHOOL I, founded in 1968, is a micro nonprofit in the Human Services sector that reported $11K in total revenue in fiscal year 2020. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 18% operating margin.

Mission

TO RAISE MONIES FOR ADULTS AT THE HOGAN REGIONAL SCHOOL AND PEOPLE LIVING IN GROUP HOMES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $5,112
Program Service Revenue $0
Investment Income $0
Other Revenue $6,346
TOTAL REVENUE $11,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,556
Other Expenses $9,441
TOTAL EXPENSES $9,441

Year-over-Year Comparison

2020 2019 Change
Revenue $11,458 $46,603 -0.8%
Expenses $9,441 $52,794 -0.8%
Net Income $2,017 $-6,191 -1.3%
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
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN BACH SECRETARY N/A
Officer
$0 $0 $0
DAVID BOLING PRESIDENT N/A
Officer
$0 $0 $0
KELLY CAPONIGRO DIRECTOR N/A
Officer
$0 $0 $0
DONNA PAPADOPOULOS TREASURER N/A
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
2021 $11,458 $9,441 $23,055 $2,017
2020 $46,603 $52,794 $21,038 $-6,191
2019 $59,387 $59,359 $27,229 $28
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