FRIENDS OF MARKET STREET CHAPEL INC (EIN 263108688) - 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

2008

Legal Domicile

Principal Officer

JULIE BOGGS

Phone

3049273327

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF MARKET STREET CHAPEL INC, founded in 2008, is a micro nonprofit in the Religion sector that reported $16K in total revenue in fiscal year 2022. Revenue surged 252% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 98% operating margin.

Mission

ACQUISITION AND REHABILITATION OF MARKET STREET CHAPEL FOR PURPOSES OF CREATING AND MAINTAINING PROPERTY AS A COMMUNITY CENTER FOR SPENCER, WEST VIRGINIA

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,580

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $363

TOTAL EXPENSES $363

Year-over-Year Comparison

	2022	2021	Change
Revenue	$15,580	$4,425	+2.5%
Expenses	$363	$182	+1.0%
Net Income	$15,217	$4,243	+2.6%

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

N/A

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
JULIE BOGGS	PRESIDENT	010.00	Officer Director	$0	$0	$0
KIM PARSONS	SECRETARY/TREASUER	002.00	Officer Director	$0	$0	$0
SUSAN MYERS	DIRECTOR	001.00	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
2022	$15,580	$363	$189,284	$15,217
2021	$4,425	$182	$174,067	$4,243
2020	$3,594	$326	$169,824	$3,268
2019	$9,277	$438	$166,556	$8,839
2018	$10,145	$429	$157,717	$9,716

FRIENDS OF MARKET STREET CHAPEL INC