FRIENDS OF HOMESTEAD NATIONAL HIST… - Form 990 Financial Data

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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

Principal Officer

DONALD FERNEDING

Phone

4022284241

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF HOMESTEAD NATIONAL HISTORIC PARK is a small nonprofit in the Arts, Culture & Humanities sector that reported $139K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $33K, a strong 24% operating margin.

Mission

PROMOTE AND ENHANCE HOMESTEAD NATIONAL MONUMENT THROUGH INCREASING PUBLIC AWARENESS, EDUCATION AND VARIOUS ACTIVITIES INCLUDING HOMESTEAD DAYS

Program Service Accomplishments

Program 1

Expenses: $221,790 Revenue: $23,083

PROMOTE AND ENHANCE HOMESTEAD NATIONAL MONUMENT THROUGH INCREASING PUBLIC AWARENESS, EDUCATION AND VARIOUS ACTIVITIES INCLUDING HOMESTEAD DAYS

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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 $115,818

Program Service Revenue $0

Investment Income $1,925

Other Revenue $21,158

TOTAL REVENUE $138,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,790

Other Expenses $105,972

TOTAL EXPENSES $105,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,901	$156,116	-0.1%
Expenses	$105,972	$134,204	-0.2%
Net Income	$32,929	$21,912	+0.5%

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
DONALD FERNEDING	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICHARD HOVENDICK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
HEIDI MCCLINTOCK	SECRETARY	N/A	Officer Director	$0	$0	$0
TAMARA WEERS	TREASURER	N/A	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
2024	No data	No data	No data	No data
2023	$138,901	$105,972	$521,742	$32,929

FRIENDS OF HOMESTEAD NATIONAL HISTORIC PARK