Friends of the Castle Inc (EIN 311337923) - 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

1991

Legal Domicile

Principal Officer

Lisa Hansford

Phone

9374333931

Tax Period

2023-01-01 to 2023-12-31

Friends of the Castle Inc, founded in 1991, is a small nonprofit in the Education sector that reported $386K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 37% operating margin.

Mission

The Castle is a gathering place of trust and friendship which supports people with mental illness and disorders to achieve their highest level of competence and independence.

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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 (2023)

Revenue Breakdown

Contributions & Grants $326,370

Program Service Revenue $0

Investment Income $0

Other Revenue $60,016

TOTAL REVENUE $386,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,533

Fundraising Expenses $18,089

Program Expenses $187,598

Other Expenses $120,448

TOTAL EXPENSES $242,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,386	$253,883	+0.5%
Expenses	$242,981	$258,116	-0.1%
Net Income	$143,405	$-4,233	-34.9%

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

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

$57,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Miller	Trustee	0.50	Director	$0	$0	$0
Thomas Dovel	Treasurer	15.00	Officer Director	$0	$0	$0
Jane Heavin	Chair	0.50	Officer Director	$0	$0	$0
Patricia Torvik	Vice Chair	0.50	Officer Director	$0	$0	$0
Anne Romer	Trustee	0.50	Director	$0	$0	$0
Jonathan Meyer	Trustee	0.50	Officer Director	$0	$0	$0
Stanley Troha	Trustee	0.50	Director	$0	$0	$0
Lisa Hansford	Executive Director	40.00	Officer	$57,976	$0	$57,976

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	No data	No data	No data	No data
2023	$386,386	$242,981	$624,363	$143,405
2022	$253,883	$259,616	$660,534	$-5,733
2022	$253,883	$258,116	$660,534	$-4,233
2021	$198,125	$234,433	$672,054	$-36,308
2021	$222,137	$236,236	$669,862	$-14,099
2020	$267,666	$234,714	$706,980	$32,952
2019	$320,313	$249,286	$679,371	$71,027
2018	$209,307	$253,383	$611,731	$-44,076

Friends of the Castle Inc