FRIENDS OF THE SOUTH FERRY CHURCH ASSOCIATION (EIN 311814799) - 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

2001

Legal Domicile

Principal Officer

KATHY MAHONEY

Phone

4014807364

Tax Period

2021-01-01 to 2021-12-31

FRIENDS OF THE SOUTH FERRY CHURCH ASSOCIATION, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $31K in total revenue in fiscal year 2021. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $43K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE PURPOSE OF THE FRIENDS OF THE SOUTH FERRY CHURCH ASSOCIATION SHALL BE:1. TO PRESERVE, MAINTAIN AND REPAIR THE HISTORIC SOUTH FERRY CHURCH (THE CHURCH), LOCATED IN NARRAGANSETT, RHODE ISLAND.2. TO ESTABLISH, PRESERVE AND GROW AN ENDOWMENT FUND TO ASSURE THE PRESERVATION, MAINTENANCE AND SECURITY OF THE CHURCH.3. TO RE-ESTABLISH AND/OR CONTINUE THE USE OF SOUTH FERRY CHURCH AS A FORUM FOR SELECTED COMMUNITY EDUCATIONAL, INFORMATIVE AND/OR RELIGIOUS EVENTS.4. TO ENGAGE WITH OTHER MEMBERS OF THE SOUTH COUNTY COMMUNITY IN WAYS THAT MAY FURTHER THE PURPOSE OF THE FRIENDS OF THE SOUTH FERRY CHURCH ASSOCIATION AND/OR FURTHER POSITIVE OUTCOMES FOR THE COMMUNITY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $12,095

Program Service Revenue $7,250

Investment Income $11,932

Other Revenue $0

TOTAL REVENUE $31,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,094

Other Expenses $43,025

TOTAL EXPENSES $43,025

Year-over-Year Comparison

	2021	2020	Change
Revenue	$31,277	$21,381	+0.5%
Expenses	$43,025	$18,998	+1.3%
Net Income	$-11,748	$2,383	-5.9%

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
KATHY MAHONEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ELIZA COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
KATHARINE FLYNN	DIRECTOR	0.50	Director	$0	$0	$0
DR EARL JACKMAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID KREBS	DIRECTOR	0.50	Director	$0	$0	$0
JANE MINER	RECORDING SECRETARY	0.50	Director	$0	$0	$0
MAUREEN MOAKLEY	CORRESPONDING SECRETARY	0.50	Director	$0	$0	$0
CARLA RICCI	DIRECTOR	0.50	Director	$0	$0	$0
JAMES SALOME	DIRECTOR	0.50	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	No data	No data	No data	No data
2021	$31,277	$43,025	$517,308	$-11,748

FRIENDS OF THE SOUTH FERRY CHURCH ASSOCIATION