FRIENDS OF THE 4TH OF JULY INC (EIN 432049413) - 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

2004

Legal Domicile

Principal Officer

PETER O'MEARA

Phone

5082402195

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE 4TH OF JULY INC, founded in 2004, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $18K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $20K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE FRIENDS OF THE 4TH OF JULY, INC., IS TO RAISE FUNDS FOR THE TOWN OF ORLEANS, MA FOR THE PURPOSE OF HAVING A FIREWORKS DISPLAY ON THE 4TH OF JULY.(INDEPENDENCE DAY)

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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 $17,989

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,618

Other Expenses $20,368

TOTAL EXPENSES $20,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,989	$20,054	-0.1%
Expenses	$20,368	$20,611	0.0%
Net Income	$-2,379	$-557	+3.3%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER O'MEARA	PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN O'MEARA	DIRECTOR	1.00	Officer 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
2023	$17,989	$20,368	$7,518	$-2,379
2022	$20,054	$20,611	$9,897	$-557
2021	$21,896	$18,660	$10,454	$3,236
2020	$730	$1,359	$7,218	$-629
2019	$15,437	$13,956	$7,847	$1,481
2018	$15,241	$12,983	$6,366	$2,258

FRIENDS OF THE 4TH OF JULY INC