FRIENDS OF THE HUNLEY INC (EIN 582345821) - 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

1997

Legal Domicile

Principal Officer

KELLEN BUTLER

Phone

8437434865

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE HUNLEY INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $618K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $713K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO RECOVER, RESTORE AND SUPPORT THE PRESERVATION AND EDUCATION FOR THE CONFEDERATE SUBMARINE THE H.L.HUNLEY

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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 $305,017

Program Service Revenue $309,536

Investment Income $16,293

Other Revenue $-12,387

TOTAL REVENUE $618,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $121,535

Program Expenses $465,237

Other Expenses $684,331

TOTAL EXPENSES $712,529

Year-over-Year Comparison

	2024	2023	Change
Revenue	$618,459	$720,308	-0.1%
Expenses	$712,529	$720,308	0.0%
Net Income	$-94,070	$0	N/A

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
ELAINE PEERY	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH RILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LEWIS GOSSETT	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL W HOWELL IV	CHAIRMAN OF THE BOARD	2.00	Director	$0	$0	$0
JASON PUHLASKY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HAZZARD	V.PRESIDENT/TREASURER	5.00	Officer	$0	$0	$0
KELLEN BUTLER	PRESIDENT/SECRETARY	40.00	Officer	$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	$618,459	$712,529	$1,274,391	$-94,070
2023	$720,308	$720,308	$1,395,883	No data
2022	$717,077	$717,077	$1,437,233	No data
2021	$893,536	$893,536	$1,463,625	No data
2020	$605,123	$769,738	$1,387,079	$-164,615
2020	$619,978	$784,593	$1,387,079	$-164,615
2019	$837,188	$837,188	$1,737,866	No data
2019	$845,253	$845,255	$1,737,866	$-2
2018	$913,958	$913,958	$1,935,679	No data

FRIENDS OF THE HUNLEY INC