FOUNDATION FOR FROSTBURG INC (EIN 521915632) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Phone

3016891113

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR FROSTBURG INC, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $308K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $121K, a strong 39% operating margin.

Mission

TO SUPPORT THE FROSTBURG COMMUNITY AND ITS CITIZENS TO PROVIDE A WAY FOR FAMILIES AND FRIENDS TO GIVE BACK TO THE COMMUNITY.

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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 $240,762

Program Service Revenue $0

Investment Income $67,583

Other Revenue $0

TOTAL REVENUE $308,345

Expense Breakdown

Grants Paid $91,480

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,672

Other Expenses $95,594

TOTAL EXPENSES $187,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,345	$334,703	-0.1%
Expenses	$187,074	$150,137	+0.2%
Net Income	$121,271	$184,566	-0.3%

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	Role	Reportable Comp	Other Comp	Total
RENEE BONE	PRESIDENT	Officer Director	$0	$0	$0
RANDY OLSEN	VICE PRESIDENT	Officer Director	$0	$0	$0
DEIRDRE ROBERTSON	SECRETARY	Officer Director	$0	$0	$0
DARLA PLUMMER	TREASURER	Officer Director	$0	$0	$0
BARBARA ARMSTRONG	ASSISTANT TREASURER	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
2025	No data	No data	No data	No data
2024	$308,345	$187,074	$1,025,661	$121,271
2024	No data	No data	No data	No data
2023	$334,703	$150,137	$904,390	$184,566
2023	$334,703	$150,137	$904,390	$184,566
2022	$114,928	$80,602	$719,825	$34,326
2021	$179,544	$118,529	$685,499	$61,015
2020	$236,314	$124,315	$624,484	$111,999

FOUNDATION FOR FROSTBURG INC