FRIENDS OF BEAR'S MILL INC (EIN 311673944) - 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

1999

Legal Domicile

Principal Officer

KIMBERLY RUDNICK

Phone

9375485112

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF BEAR'S MILL INC, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $54K exceeded revenue, resulting in a 108% operating deficit.

Mission

TO PROMOTE, PRESERVE AND MAINTAIN "BEARS MILL" AS AN HISTORIC MILL OPEN TO THE PUBLIC

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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 $14,899

Program Service Revenue $14,227

Investment Income $176

Other Revenue $-3,522

TOTAL REVENUE $25,780

Expense Breakdown

Grants Paid $40,565

Salaries & Benefits $587

Fundraising Expenses $0

Program Expenses $48,858

Other Expenses $12,578

TOTAL EXPENSES $53,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,780	$84,035	-0.7%
Expenses	$53,730	$60,348	-0.1%
Net Income	$-27,950	$23,687	-2.2%

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

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
GRETCHEN DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN SCHULZE	TRUSTEE	1.00	Director	$0	$0	$0
ETHAN TAUSCHER	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY RUDNICK	SECRETARY	5.00	Officer	$0	$0	$0
DELORES SLEPPY	VICE PRESIDE	1.00	Officer	$0	$0	$0
GORDON SMITH	TREASURER	1.00	Officer	$0	$0	$0
LEVI SMITH	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
2023	$25,780	$53,730	$63,506	$-27,950
2022	$84,035	$60,348	$95,989	$23,687
2021	$84,428	$1,483,654	$73,587	$-1,399,226
2020	$38,315	$46,205	$1,467,386	$-7,890

FRIENDS OF BEAR'S MILL INC