FRIENDS OF THE FELT ESTATE (EIN 260802409) - 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

2007

Legal Domicile

Principal Officer

BONNIE LOWE

Phone

6163358982

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF THE FELT ESTATE, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $636K in total revenue in fiscal year 2024.

Mission

TO PRESERVE AND MAINTAIN THE FELT MANSION IN HOLLAND, MICHIGAN AND TO EDUCATE THE PUBLIC ON THE HISTORY OF THE FELT ESTATE.

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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 $59,014

Program Service Revenue $658,234

Investment Income $988

Other Revenue $-82,601

TOTAL REVENUE $635,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,917

Fundraising Expenses $20,615

Program Expenses $560,217

Other Expenses $520,039

TOTAL EXPENSES $641,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$635,635	$617,193	+0.0%
Expenses	$641,956	$629,305	+0.0%
Net Income	$-6,321	$-12,112	-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

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

$62,081

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKI LEVINE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LORMA FREESTONE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BONNIE LOWE	TREASURER	2.00	Officer Director	$0	$0	$0
STEVEN RINGLEBERG	SECRETARY	2.00	Officer Director	$0	$0	$0
TRACI ROZELLE	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN WILSON	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH MCEWEN	EXECUTIVE DIRECTOR	40.00	Officer	$60,461	$1,620	$62,081

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	$635,635	$641,956	$262,797	$-6,321
2024	$617,193	$629,305	$244,515	$-12,112
2023	$762,697	$694,682	$228,134	$68,015
2022	$647,890	$607,933	$146,559	$39,957
2021	$506,874	$484,644	$120,446	$22,230
2020	$472,749	$502,858	$82,770	$-30,109
2019	$295,496	$202,960	$125,075	$92,536
2018	$131,217	$135,436	$36,065	$-4,219

FRIENDS OF THE FELT ESTATE