FRIENDS OF THE OCTAGON HOUSE (EIN 382624007) - 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

1992

Legal Domicile

Principal Officer

JAN DONOVAN

Phone

5867810084

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE OCTAGON HOUSE, founded in 1992, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $35K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $42K exceeded revenue, resulting in a 19% operating deficit.

Mission

MAINTAINED AND OPERATED A HISTORIC HOUSE. CONDUCTED EVENTS AND GUIDED TOURS, PROVIDING EDUCATION TO THE PUBLIC ABOUT LOCAL HISTORY AND THE NINETEENTH CENTURY IN GENERAL.

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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 $19,461

Program Service Revenue $12,478

Investment Income $0

Other Revenue $3,157

TOTAL REVENUE $35,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,488

Other Expenses $41,828

TOTAL EXPENSES $41,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,096	$27,567	+0.3%
Expenses	$41,828	$30,027	+0.4%
Net Income	$-6,732	$-2,460	+1.7%

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
JAN DONOVAN	PRESIDENT	30.00	Officer Director	$0	$0	$0
CHERI ALLEN	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MARYNELLE GALE	SECRETARY	10.00	Officer Director	$0	$0	$0
KIM SIKES	TREASURER	15.00	Director	$0	$0	$0
FRAN SALVATORE	DIRECTOR	10.00	Officer Director	$0	$0	$0
DAWN PIPER	DIRECTOR	10.00	Director	$0	$0	$0
LINDA WYSOCKI	DIRECTOR	10.00	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
2023	$35,096	$41,828	$211,256	$-6,732
2022	$27,567	$30,027	$217,846	$-2,460
2021	$28,423	$26,318	$220,306	$2,105
2020	$12,325	$24,692	$218,201	$-12,367
2018	$19,377	$28,286	$212,546	$-8,909

FRIENDS OF THE OCTAGON HOUSE