DENISE MARIE FLAHERTY MEMORIAL FOUNDATION INC

EIN: 461903560 501(c)(3) Public & Societal Benefit

BURLINGTON, NC

Total Revenue
$353,649
Total Expenses
$255,655
Total Assets
$289,488
Net Assets
$289,488
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NC
Principal Officer
BRIAN A FLAHERTY
Phone
7322324341
Tax Period
2024-01-01 to 2024-12-31

DENISE MARIE FLAHERTY MEMORIAL FOUNDATION INC, founded in 2013, is a small nonprofit in the Public & Societal Benefit sector that reported $354K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 28% operating margin.

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITY PURPOSES. THE PRIMARY BENEFICIARIES OF THE FOUNDATION WILL BE DETERMINED BY THE REGISTERED AGENT AND BOARD MEMBERS AND WILL INCLUDE CANCER RESEARCH FACILITIES AND SELECT FAMILIES FACING THE FINANCIAL BURDEN OF FIGHTING CANCER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,468
Program Service Revenue $0
Investment Income $1,305
Other Revenue $291,876
TOTAL REVENUE $353,649

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,429
Fundraising Expenses $131,962
Other Expenses $149,226
TOTAL EXPENSES $255,655

Year-over-Year Comparison

2024 2023 Change
Revenue $353,649 $222,126 +0.6%
Expenses $255,655 $318,595 -0.2%
Net Income $97,994 $-96,469 -2.0%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
13
Independent Members
N/A
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
2
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN A FLAHERTY President 15.00
Officer Director
$0 $0 $0
KEN FLAHERTY Vice President 2.00
Officer Director
$0 $0 $0
ANDREW FITZSIMMONS BOARD MEMBER 1.00
Director
$0 $0 $0
JIM FLAHERTY BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINA FLAHERTY BOARD MEMBER 8.00
Director
$0 $0 $0
FRANKIE FRANCESE Treasurer 8.00
Director
$0 $0 $0
MARIE HOOFNAGLE BOARD MEMBER 2.00
Director
$0 $0 $0
HEIDI BENJAMIN BOARD MEMBER 6.00
Director
$0 $0 $0
GERALD WILKIE BOARD MEMBER 1.00
Director
$0 $0 $0
RUDY CASANOVA BOARD MEMBER 2.00
Director
$0 $0 $0
ERIN COSENTINO BOARD MEMBER 4.00
Director
$0 $0 $0
PATTY BROTHERS BOARD MEMBER 8.00
Director
$0 $0 $0
MELVA SHARPE BOARD MEMBER 4.00
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 $353,649 $255,655 $289,488 $97,994
2023 $222,126 $318,595 $222,443 $-96,469
2022 $333,217 $225,075 $287,963 $108,142
2021 $326,737 $175,802 $255,211 $150,935
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