Fort New Salem Foundation Inc (EIN 550784626) - 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

2002

Legal Domicile

Principal Officer

Joseph Audia

Phone

3046952220

Tax Period

2023-01-01 to 2023-12-31

Fort New Salem Foundation Inc, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $91K in total revenue in fiscal year 2023. Revenue surged 424% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 65% operating margin.

Mission

Fort New Salem Foundation, Inc. exists to support , manage and renovate Fort New Salem in order to preserve and advance the educational, historical, cultural and social aspects of Nineteenth Century Western Virginia.

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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 (2023)

Revenue Breakdown

Contributions & Grants $74,572

Program Service Revenue $16,280

Investment Income $220

Other Revenue $0

TOTAL REVENUE $91,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,990

Other Expenses $32,330

TOTAL EXPENSES $32,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,072	$17,377	+4.2%
Expenses	$32,330	$32,987	0.0%
Net Income	$58,742	$-15,610	-4.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Joseph Audia	Chairman	010.00	Officer Director	$0	$0	$0
Kevin Fluharty	Vice Chairman/Sec	005.00	Officer Director	$0	$0	$0
Mark Kiger	Treasurer	005.00	Officer Director	$0	$0	$0
Robert Samples	Board Member	005.00	Officer Director	$0	$0	$0
Susan Zorn	Board Member	005.00	Director	$0	$0	$0
Stephen Kelley	Board Member	005.00	Director	$0	$0	$0
Clarence Mutschelhaus	Board Member	005.00	Director	$0	$0	$0
Larry Rine	Board Member	005.00	Director	$0	$0	$0
Gary Martin	Board Member	005.00	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	No data	No data	No data	No data
2023	$91,072	$32,330	$378,642	$58,742
2022	$17,377	$32,987	$319,900	$-15,610
2021	$13,680	$15,369	$335,510	$-1,689
2020	$18,030	$16,246	$337,199	$1,784

Fort New Salem Foundation Inc