FRIENDS OF L & N DEPOT INC (EIN 371430589) - 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

2002

Legal Domicile

Principal Officer

JAMIE JOHNSON

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF L & N DEPOT INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $983K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $886K left a modest 10% surplus.

Mission

TO FACILITATE DISPLAYS, EXHIBITS, AND PROGRAMING WHICH PRESERVES AND PRESENTS RAILROAD HISTIOY IN THE CONTEXT OF ITS IMPACT LOCALLY AND AS A VITAL ROLE IN OUR NATIONS SOCIAL AND ECONOMIC DEVELOPMENT.`

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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 $582,448

Program Service Revenue $147,582

Investment Income $3,411

Other Revenue $249,635

TOTAL REVENUE $983,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,896

Fundraising Expenses $0

Program Expenses $885,961

Other Expenses $558,065

TOTAL EXPENSES $885,961

Year-over-Year Comparison

	2023	2022	Change
Revenue	$983,076	$1,038,049	-0.1%
Expenses	$885,961	$648,405	+0.4%
Net Income	$97,115	$389,644	-0.8%

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
JOHN KNIGHT	SECRETARY	1.00	Director	$0	$0	$0
DAVID DAUGHDRILL	TREASURER	1.00	Director	$0	$0	$0
LARRY SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
NEAL TUCKER	VICE PRESIDENT	1.00	Director	$0	$0	$0
DAVID HOSAY	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL DAVENPORT	PRESIDENT	0.00	Officer Director	$0	$0	$0
JAMIE JOHNSON	EXECUTIVE DIRECTOR	0.00	Officer Highest	$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
2023	$983,076	$885,961	$1,393,722	$97,115
2022	$1,038,049	$648,405	$1,376,193	$389,644
2021	$506,704	$398,432	$932,858	$108,272
2020	$322,329	$306,840	$822,515	$15,489
2018	$396,021	$413,021	$759,405	$-17,000

FRIENDS OF L & N DEPOT INC