FRIENDS OF CHATHAM INC

EIN: 371668868 501(c)(3)

FREDERICKSBURG, VA

Total Revenue
$132,600
Total Expenses
$44,986
Total Assets
$531,594
Net Assets
$531,594
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
Principal Officer
CAROL HYLAND
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF CHATHAM INC, founded in 2014, is a small nonprofit that reported $104K in total revenue in fiscal year 2023. The organization ran a surplus of $66K, a strong 64% operating margin.

Mission

PRESERVATION OF CHATHAM MANOR-PARK SERVICE SITE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $48,710
Program Service Revenue $4,127
Investment Income $79,763
Other Revenue $0
TOTAL REVENUE $132,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,231
Other Expenses $44,986
TOTAL EXPENSES $44,986

Year-over-Year Comparison

2024 2023 Change
Revenue $132,600 $103,610 +0.3%
Expenses $44,986 $37,730 +0.2%
Net Income $87,614 $65,880 +0.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON ADINOLFI SECRETARY 8.00
Officer
$0 $0 $0
CAROL HYLAND PRESIDENT 8.00
Officer
$0 $0 $0
MICHELLE PICKHAM TREASURER 8.00
Officer
$0 $0 $0
STEPHANIE TURMAN VICE PRESIDE 8.00
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
2025 $132,600 $44,986 $531,594 $87,614
2024 $103,610 $37,730 $443,980 $65,880
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