YORK HARBOR READING ROOM FOUNDATION (EIN 271080175) - 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

2010

Legal Domicile

Principal Officer

SAM REID

Phone

2073632450

Tax Period

2024-01-01 to 2024-12-31

YORK HARBOR READING ROOM FOUNDATION, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $158K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 79% operating margin.

Mission

THE YORK HARBOR READING ROOM FOUNDATION'S EXEMPT PURPOSE IS TO HELP PRESERVE THE HISTORIC YORK HARBOR READING ROOM CLUBHOUSE BUILDING WHICH IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. IN ORDER TO MAINTAIN THE HISTORICAL INTEGRITY OF THIS IMPORTANT BUILDING, ALL REPAIRS AND IMPROVEMENTS FUNDED BY THE FOUNDATION MUST BE REVIEWED AND APPROVED BY THE STRAWBERY BANKE MUSEUM.

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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 $53,331

Program Service Revenue $0

Investment Income $104,942

Other Revenue $0

TOTAL REVENUE $158,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,733

Other Expenses $32,477

TOTAL EXPENSES $32,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,273	$84,855	+0.9%
Expenses	$32,477	$41,751	-0.2%
Net Income	$125,796	$43,104	+1.9%

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

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
ELIZABETH ETHRIDGE MCGANN	SECRETARY	4.00	Director	$0	$0	$0
JAMEISON BAKER	DIRECTOR	4.00	Director	$0	$0	$0
HENRY CLARK	DIRECTOR	4.00	Director	$0	$0	$0
TARA SHERMAN	DIRECTOR	4.00	Director	$0	$0	$0
SAM REID	PRESIDENT	4.00	Director	$0	$0	$0
PETER DRISCOLL	VICE PRESIDENT	4.00	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
2024	$158,273	$32,477	$862,049	$125,796
2023	$84,855	$41,751	$732,209	$43,104
2022	$76,197	$34,394	$630,434	$41,803
2021	$60,867	$7,085	$748,072	$53,782
2020	$93,799	$3,087	$678,918	$90,712
2019	$62,138	$29,567	$518,668	$32,571

YORK HARBOR READING ROOM FOUNDATION