FARNSWORTH REAL ESTATE INC

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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

2015

Legal Domicile

Principal Officer

SUSAN DEUTSCH

Phone

2075966457

Tax Period

2021-10-01 to 2022-09-30

FARNSWORTH REAL ESTATE INC, founded in 2015, is a small nonprofit that reported $130K in total revenue in fiscal year 2021. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $653K exceeded revenue, resulting in a 401% operating deficit.

Mission

THE ORGANIZATION IS A REAL ESTATE HOLDING COMPANY DEDICATED TO HOLDING, MAINTAINING AND PRESERVING THE REAL ESTATE USED IN CONNECTION WITH THE WILLIAM A. FARNSWORTH LIBRARY AND ART MUSEUM, INC. IT WAS FORMED FOR THE PURPOSE OF SUPPORTING THE EXEMPT ACTIVITIES OF THE SUPPORTED ORGANIZATION, INCLUDING ACQUIRING ITS REAL ESTATE TO ALLOW FOR THE FINANCING OF SUBSTANTIAL IMPROVEMENTS TO THAT REAL ESTATE.

Program Service Accomplishments

Program 1

Expenses: $653,319 Revenue: $130,466

THE ORGANIZATION IS A REAL ESTATE HOLDING COMPANY DEDICATED TO HOLDING, MAINTAINING AND PRESERVING THE REAL ESTATE USED IN CONNECTION WITH THE WILLIAM A. FARNSWORTH LIBRARY AND ART MUSEUM, INC. IT...

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $130,466

Investment Income $33

Other Revenue $0

TOTAL REVENUE $130,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $653,319

Other Expenses $653,319

TOTAL EXPENSES $653,319

Year-over-Year Comparison

	2021	2020	Change
Revenue	$130,499	$1,239,995	-0.9%
Expenses	$653,319	$645,204	+0.0%
Net Income	$-522,820	$594,791	-1.9%

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

$325,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN DEUTSCH	PRESIDENT	0.20	Officer Director	$0	$0	$0
ED WALLER	TREASURER	0.20	Officer Director	$0	$0	$0
RICHARD ARONEAU	DIRECTOR	0.20	Director	$0	$0	$0
KRIS EIMICKE	DIRECTOR	0.20	Director	$0	$0	$0
ANNE JENKINS	DIRECTOR	0.20	Director	$0	$0	$0
CHRISTOPHER BROWNAWELL	VICE PRESIDENT/SECRETARY	1.00	Officer	$0	$18,118	$325,015

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
2022	$130,499	$653,319	No data	$-522,820
2021	$1,239,995	$645,204	$10,803,389	$594,791
2020	$660,975	$685,293	$10,952,469	$-24,318
2019	$719,966	$714,021	$11,128,372	$5,945
2018	$569,563	$712,409	$11,328,481	$-142,846