ADMIRAL FARRAGUT BUILDING ASSOCIATION OF HASTINGS ON HUDSON (EIN 237441452) - 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

1939

Legal Domicile

Principal Officer

CARLOS HEVIA

Tax Period

2024-01-01 to 2024-12-31

ADMIRAL FARRAGUT BUILDING ASSOCIATION OF HASTINGS ON HUDSON, founded in 1939, is a micro nonprofit in the Public & Societal Benefit sector that reported $23K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $36K exceeded revenue, resulting in a 58% operating deficit.

Mission

WE ARE A 43 MEMBER VETERANS ORGANIZATION, 41 SERVED IN TIME OF WAR. OUR PURPOSE IS TO SERVE OUR COMMUNITY

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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 $9,951

Program Service Revenue $0

Investment Income $12,724

Other Revenue $0

TOTAL REVENUE $22,675

Expense Breakdown

Grants Paid $975

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $34,823

TOTAL EXPENSES $35,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,675	$27,571	-0.2%
Expenses	$35,798	$36,327	0.0%
Net Income	$-13,123	$-8,756	+0.5%

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

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
RICHARD PECCI	COMMANDER	005.00	Officer Director	$0	$0	$0
JAMES LUMALCURI	VICE COMMANDER	002.00	Officer Director	$0	$0	$0
ROBERT LEE	2ND VICE COMMANDER	002.00	Officer Director	$0	$0	$0
ROBERT RUSSAK	TREASURER	002.00	Officer 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	$22,675	$35,798	$258,657	$-13,123
2023	$27,571	$36,327	$268,541	$-8,756
2022	$36,956	$21,560	$280,405	$15,396
2021	$20,463	$17,535	$296,879	$2,928
2020	$19,212	$121,153	$296,123	$-101,941
2019	$25,682	$19,882	$410,649	$5,800
2018	$412,787	$11,510	$404,849	$401,277

ADMIRAL FARRAGUT BUILDING ASSOCIATION OF HASTINGS ON HUDSON