FURNACE TOWN FOUNDATION 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

1978

Legal Domicile

Principal Officer

CLAUDIA NAGLE

Phone

4106322032

Tax Period

2024-01-01 to 2024-12-31

FURNACE TOWN FOUNDATION INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $232K left a modest 10% surplus.

Mission

TO PRESERVE, RESTORE, INTERPRET AND DEVELOP THE 25 ACRES OF FURNACE TOWN LIVING HERITAGE MUSEUM AND THE 19TH CENTURY VILLAGE OF THE NASSAWAGNO IRON FURNACE.

Program Service Accomplishments

Program 1

Expenses: $147,224 Revenue: $36,844

PRESERVED, RESTORED, INTERPRETED THE 25 ACRES OF FURNACE TOWN LIVING HERITAGE MUSEUM AND THE 19TH CENTURY VILLAGE OF NASSAWANGO IRON FURNACE.

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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 $161,022

Program Service Revenue $36,844

Investment Income $1,460

Other Revenue $56,793

TOTAL REVENUE $256,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,984

Fundraising Expenses $23,922

Program Expenses $147,700

Other Expenses $89,716

TOTAL EXPENSES $231,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,119	$226,625	+0.1%
Expenses	$231,700	$228,113	+0.0%
Net Income	$24,419	$-1,488	-17.4%

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

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

$59,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDIA NAGLE	EXECUTIVE DI	40.00	Officer	$59,289	$0	$59,289
JEFF BACON	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
KASSIE BLAKELOCK	DIRECTOR	1.00	Director	$0	$0	$0
ALEX CLARK	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM FERGUSON	TREASURER	5.00	Officer Director	$0	$0	$0
LARRY FURST	DIRECTOR	1.00	Director	$0	$0	$0
BETSY GRAVENOR-STACEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DENNIS HANDLEY	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HANSEN-MOORE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KATHY ROCHE	DIRECTOR	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	$256,119	$231,700	$303,208	$24,419
2023	$226,625	$228,113	$272,998	$-1,488
2022	$254,184	$209,225	$275,254	$44,959
2021	$276,128	$142,738	$598,790	$133,390
2020	$137,975	$84,015	$459,069	$53,960
2019	$143,489	$135,738	$173,634	$7,751
2018	$156,428	$168,363	$175,328	$-11,935