FRIENDS OF THE COLTRANE HOME IN DIX HILLS (EIN 270140878) - 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

2005

Principal Officer

ROBERTO DIANA

Phone

6318609200

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE COLTRANE HOME IN DIX HILLS, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $912K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $730K, a strong 80% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO RESTORE AND PRESERVE THE JOHN AND ALICE COLTRANE HOME FOR THE PURPOSE OF OFFERING TO THE PUBLIC EDUCATIONAL WORKSHOPS TO INSPIRE AND EMPOWER THE NEXT GENERATION OF ARTISTS AND MUSICIANS AND DEVELOP THEIR CREATIVE PROCESSES.

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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 $911,496

Program Service Revenue $0

Investment Income $26

Other Revenue $0

TOTAL REVENUE $911,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,896

Fundraising Expenses $0

Program Expenses $56,812

Other Expenses $85,498

TOTAL EXPENSES $181,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$911,522	$695,021	+0.3%
Expenses	$181,394	$139,668	+0.3%
Net Income	$730,128	$555,353	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAVI COLTRANE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
STEVE FULGONI	PRESIDENT	15.00	Officer Director	$0	$0	$0
MICHELLE COLTRANE	CHIEF CREATI	15.00	Officer Director	$0	$0	$0
KATHLEEN HENNESY	VICE PRESIDE	15.00	Officer Director	$0	$0	$0
ROBERT HUGHES	SECRETARY	15.00	Officer Director	$0	$0	$0
ROBERTO DIANA	TREASURER	15.00	Officer Director	$0	$0	$0
PAM WINN BARNETTE	DIRECTOR	1.00	Director	$0	$0	$0
YASUHIRO FUJIOKA	DIRECTOR	1.00	Director	$0	$0	$0
HOLLIS KING	DIRECTOR	1.00	Director	$0	$0	$0
TONY LOFTIS	DIRECTOR	3.00	Director	$0	$0	$0
BRANDEE YOUNGER	DIRECTOR	1.25	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	$911,522	$181,394	$1,922,057	$730,128
2023	$695,021	$139,668	$1,040,548	$555,353
2022	$87,171	$71,622	$777,846	$15,549
2021	$364,552	$42,337	$405,652	$322,215
2021	$35,349	$43,089	$427,421	$-7,740

FRIENDS OF THE COLTRANE HOME IN DIX HILLS