Friends of Fourth Ward Inc

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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

1976

Legal Domicile

Principal Officer

Sebastian Williams

Tax Period

2024-09-01 to 2025-08-31

Friends of Fourth Ward Inc, founded in 1976, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

Preservation of 4th Ward Neighborhood

Program Service Accomplishments

Program 1

Expenses: $80,882

4th Ward engages in several programs benefiting all the residents of the 4th Ward. These include beautification and preservation, safety enhancements and community outreach.

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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 $7,427

Program Service Revenue $0

Investment Income $2,139

Other Revenue $74,300

TOTAL REVENUE $83,866

Expense Breakdown

Grants Paid $14,463

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,882

Other Expenses $17,229

TOTAL EXPENSES $92,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,866	$106,519	-0.2%
Expenses	$92,111	$71,736	+0.3%
Net Income	$-8,245	$34,783	-1.2%

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
Ron Crider	Director	1.00	Director	$0	$0	$0
Nate Hoffman	Director	1.00	Director	$0	$0	$0
Chris Connolly	Director	1.00	Director	$0	$0	$0
Michele Prince	Director	1.00	Director	$0	$0	$0
Joe Crider	Director	1.00	Director	$0	$0	$0
Shane Wilson	Director	1.00	Director	$0	$0	$0
Jason Tornow	Director	1.00	Director	$0	$0	$0
Sebastian Williams	PRESIDENT	5.00	Officer	$0	$0	$0
Stephen Henry	TREASURER	1.00	Officer	$0	$0	$0
Kristen Witte	SECRETARY	1.00	Officer	$0	$0	$0
Christopher Haering	Vice President	1.00	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
2025	$83,866	$92,111	$162,379	$-8,245
2024	$106,519	$71,736	$170,624	$34,783