F A MORSE ASSOCIATION INC (EIN 237368753) - 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

1965

Legal Domicile

Principal Officer

JEREMY HAGGER

Phone

5083330297

Tax Period

2023-09-01 to 2024-08-31

F A MORSE ASSOCIATION INC, founded in 1965, is a small nonprofit in the Community Improvement sector that reported $479K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $154K, a strong 32% operating margin.

Mission

TO PROVIDE FOR THE BENEFIT AND WELFARE OF STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $122,549

Program Service Revenue $0

Investment Income $2,883

Other Revenue $353,724

TOTAL REVENUE $479,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $325,439

Other Expenses $325,439

TOTAL EXPENSES $325,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,156	$834,399	-0.4%
Expenses	$325,439	$185,465	+0.8%
Net Income	$153,717	$648,934	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MOSTELLER	PRESIDENT	20.00	Officer Director	$0	$0	$0
WILLIAM JOHNSON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JEREMY HAGGER	TREASURER	4.00	Officer Director	$0	$0	$0
KEVIN WALSH	SECRETARY	4.00	Officer Director	$0	$0	$0
DAVE WILLENS	PURPLE LEGIONNAIRE	4.00	Officer Director	$0	$0	$0
HENRY FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
JASON HUTCHINS	DIRECTOR	1.00	Director	$0	$0	$0
BOB FERRARI	DIRECTOR	1.00	Director	$0	$0	$0
MARK MACAULAY	DIRECTOR	1.00	Director	$0	$0	$0
WES SOLOMON	DIRECTOR	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	$479,156	$325,439	$5,736,552	$153,717
2023	$834,399	$185,465	$5,639,481	$648,934
2022	$2,356,930	$2,613,812	$134,621	$-256,882
2022	$1,356,930	$131,469	$2,909,539	$1,225,461
2021	$857,525	$537,377	$391,503	$320,148

F A MORSE ASSOCIATION INC