FARMINGTON AREA GOODFELLOWS INC (EIN 382623445) - 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

1987

Legal Domicile

Principal Officer

RICHARD LERNER

Phone

2489861111

Tax Period

2024-07-01 to 2025-06-30

FARMINGTON AREA GOODFELLOWS INC, founded in 1987, is a small nonprofit in the Human Services sector that reported $160K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $150K left a modest 7% surplus.

Mission

PROVIDE ASSISTANCE, FOOD/CLOTHING TO NEEDY PEOPLE DURING HOLIDAYS. ALSO, TO PROVIDE SUPPORT TO CHARITABLE ORGANIZATIONS IN THE FARMINGTON AREA THAT PROVIDE YEAR AROUND ASSISTANCE TO LOW INCOME CHILDERN AND SENIOR CITIZENS

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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 (2024)

Revenue Breakdown

Contributions & Grants $119,953

Program Service Revenue $0

Investment Income $40,160

Other Revenue $0

TOTAL REVENUE $160,113

Expense Breakdown

Grants Paid $116,157

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,894

Other Expenses $33,534

TOTAL EXPENSES $149,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,113	$173,062	-0.1%
Expenses	$149,691	$133,316	+0.1%
Net Income	$10,422	$39,746	-0.7%

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
RICHARD LERNER	CEO	4.00	Officer	$0	$0	$0
JOHN DRESDEN	PRESIDENT	2.00	Officer	$0	$0	$0
JUDY GLASS	SECRETARY	20.00	Officer	$0	$0	$0
LISA ELLIS	BOARD	1.00	Director	$0	$0	$0
JIM CHEYNE	BOARD	1.00	Director	$0	$0	$0
TERESA JERGOVICH	BOARD	1.00	Director	$0	$0	$0
APRIL SAARI	BOARD	1.00	Director	$0	$0	$0
VINCE ZIEGLER	BOARD	1.00	Director	$0	$0	$0
JIM ETZIN	BOARD	1.00	Director	$0	$0	$0
JEFF KING	BOARD	1.00	Director	$0	$0	$0
BRIAN PETRAK	CFO / TREASURER	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
2025	$160,113	$149,691	$913,277	$10,422
2024	$173,062	$133,316	$883,034	$39,746
2023	$128,883	$101,667	$816,941	$27,216
2022	$157,263	$89,548	$781,276	$67,715
2021	$136,278	$110,803	$782,015	$25,475

FARMINGTON AREA GOODFELLOWS INC