OVERFALLS FOUNDATION

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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

2000

Legal Domicile

Principal Officer

CINDY CASTELLANA

Phone

3028241499

Tax Period

2024-01-01 to 2024-12-31

OVERFALLS FOUNDATION, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 44% operating margin.

Mission

THE MISSION OF THE OVERFALLS FOUNDATION IS TO PRESERVE, TEACH, AND HONOR THE UNITED STATES LIGHTSHIP SERVICE AND THE MARITIME HISTORY OF OUR COMMUNITY THROUGH PRESERVATION AND DISPLAY OF THE LIGHTSHIP OVERFALLS (LV- 118) AND ITS COLLECTION OF ASSOCIATED MARITIME ARTIFACTS.

Program Service Accomplishments

Program 1

Expenses: $84,749 Revenue: $9,457

THE FOUNDATION SEEKS TO OBTAIN, RESTORE AND PRESERVE ARTICLES OF MARITIME HISTORICAL SIGNIFICANCE IN THE DELAWARE BAY REGION AND EDUCATE THE PUBLIC ABOUT THEIR SIGNIFICANCE. THE FOUNDATION OPENED THE MUSEUM TO THE PUBLIC AND OFFERED TOURS AND PROGRAMS EXPLAINING THE USE OF THE OVERFALL SHIPS AND THEIR PLACE IN MARITIME HISTORY.

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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 $145,113

Program Service Revenue $9,457

Investment Income $44,135

Other Revenue $14,521

TOTAL REVENUE $213,226

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,749

Other Expenses $117,139

TOTAL EXPENSES $119,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,226	$112,155	+0.9%
Expenses	$119,639	$150,403	-0.2%
Net Income	$93,587	$-38,248	-3.4%

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

120

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
JOHN BOLSTER	BOARD MEMBER	4.00	Director	$0	$0	$0
CINDY CASTELLANA	TREASURER	12.00	Officer Director	$0	$0	$0
AL CYBART	BOARD MEMBER	2.00	Director	$0	$0	$0
TED HACK	BOARD MEMBER	2.00	Director	$0	$0	$0
PATTY JACKSON	SECRETARY	4.00	Officer Director	$0	$0	$0
MATT KENNEDY	BOARD MEMBER	6.00	Director	$0	$0	$0
J PATRICK LYNCH	BOARD MEMBER	12.00	Director	$0	$0	$0
BOB MURPHY	BOARD MEMBER	3.00	Director	$0	$0	$0
BRIAN NORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE SHOOK	PRESIDENT	11.00	Officer Director	$0	$0	$0
HOLLI WITTMAN	BOARD MEMBER	1.00	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	$213,226	$119,639	$2,095,643	$93,587
2023	$112,155	$150,403	$2,002,056	$-38,248
2022	$93,409	$137,415	$2,040,304	$-44,006
2021	$183,760	$106,584	$2,084,310	$77,176
2020	$89,785	$97,678	$2,007,134	$-7,893
2019	$104,672	$101,106	$2,015,027	$3,566
2018	$74,920	$86,475	$2,011,461	$-11,555