FRIENDS OF THE STONE CHURCH

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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

JUDITH EDINGTON

Phone

6175963250

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE STONE CHURCH, founded in 2015, is a small nonprofit in the Religion sector that reported $116K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $136K exceeded revenue, resulting in a 17% operating deficit.

Mission

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:PLACE OF CULTURAL AND COMMUNITY ENRICHMENT. WORKING COLLABORATIVELYWITH INDIVIDUALS AND PRIVATE AND PUBLIC ORGANIZATIONS, FOSC SEEKS TOIMPROVE THE LIVES OF THOSE IN OUR COMMUNITY AND REGION.

Program Service Accomplishments

Program 1

Expenses: $112,192 Revenue: $0

RESTORE AND PRESERVE HISTORIC BUILDING

Program 2

Expenses: $14,171 Revenue: $7,635

SUPPORT MUSICAL ARTS; CREATE COMMUNITY THROUGH MUSIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $102,367

Program Service Revenue $7,635

Investment Income $1,572

Other Revenue $4,733

TOTAL REVENUE $116,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,035

Program Expenses $126,363

Other Expenses $135,620

TOTAL EXPENSES $135,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,307	$199,939	-0.4%
Expenses	$135,620	$151,300	-0.1%
Net Income	$-19,313	$48,639	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYE BOOTHMAN	DIRECTOR (FMR)	5.00	Director	$0	$0	$0
LISA JANICE COHEN	DIRECTOR	5.00	Director	$0	$0	$0
JUDITH EDINGTON	PRESIDENT/DIRECTOR	5.00	Officer Director	$0	$0	$0
JUDY KNIGHT	CLERCK/DIRECTOR	5.00	Officer Director	$0	$0	$0
JUDY KOHN	DIRECTOR	5.00	Director	$0	$0	$0
KATHY MCCROHON	DIRECTOR	5.00	Director	$0	$0	$0
ANNE RYLESTONE	DIRECTOR (FMR)	5.00	Director	$0	$0	$0
MARY WARBASSE	TREASURER/DIRECTOR (FMR)	35.00	Officer Director	$0	$0	$0
PHILLIP WARBASSE	DIRECTOR	10.00	Director	$0	$0	$0
CHERYL WOLFE	DIRECTOR	10.00	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	$116,307	$135,620	$479,312	$-19,313
2023	$199,939	$151,300	$498,625	$48,639