Friends of the Astoria Armory

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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

2014

Legal Domicile

Principal Officer

Mike Davies

Tax Period

2023-01-01 to 2023-12-31

Friends of the Astoria Armory, founded in 2014, is a small nonprofit in the Human Services sector that reported $137K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $117K left a modest 15% surplus.

Mission

Primary exempt purpose- To operate the Astoria Armory for the community to hold Conventions, Concerts, as well as Recreation and Sporting events.

Program Service Accomplishments

Program 1

Expenses: $112,206

We now own the Astoria Armory and we have been been helping the community by holding Conventions, Concerts, as well as Recreation and Sporting events.

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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 $4,450

Program Service Revenue $74,789

Investment Income $0

Other Revenue $57,681

TOTAL REVENUE $136,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,322

Fundraising Expenses $0

Program Expenses $112,206

Other Expenses $104,431

TOTAL EXPENSES $116,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,920	$90,972	+0.5%
Expenses	$116,753	$102,565	+0.1%
Net Income	$20,167	$-11,593	-2.7%

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

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
Matt Vineyard	Board Member	4.00	Director	$0	$0	$0
Paul Davies	Board Member	2.00	Director	$0	$0	$0
Laura Parker	Board Member	0.00	Director	$0	$0	$0
Bruce Jones	Board Member	2.00	Director	$0	$0	$0
Susan Hobson	Secretary	2.00	Officer Director	$0	$0	$0
Greg Peterson	Treasurer	4.00	Officer Director	$0	$0	$0
Mike Davies	President	12.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$136,920	$116,753	$715,716	$20,167
2022	$90,972	$102,565	$634,628	$-11,593
2021	$46,151	$78,624	$613,738	$-32,473
2020	$112,464	$117,557	$714,576	$-5,093
2019	$84,888	$72,426	$532,070	$12,462
2018	$133,703	$81,273	$723,360	$52,430