FRIENDS OF WEYMOUTH INC (EIN 591743788) - 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

1977

Legal Domicile

Principal Officer

GLENDA KIRBY

Phone

9106926261

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF WEYMOUTH INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $350K, a strong 23% operating margin.

Mission

TO PROVIDE A PLACE OF INCLUSIVITY BY OFFERING LITERARY AND CULTURAL EXPERIENCES THAT INSPIRE AND ENRICH THE LIVES OF OUR 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 $1,150,423

Program Service Revenue $201,177

Investment Income $22,850

Other Revenue $122,952

TOTAL REVENUE $1,497,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $462,812

Fundraising Expenses $192,423

Program Expenses $849,102

Other Expenses $684,416

TOTAL EXPENSES $1,147,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,497,402	$1,134,953	+0.3%
Expenses	$1,147,228	$870,711	+0.3%
Net Income	$350,174	$264,242	+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

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

$113,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN WYATT	EXECUTIVE DI	40.00	Officer	$107,080	$6,012	$113,092
THOMAS VAN CAMP	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA CASE	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA CUMMINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER DAIL	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY FARRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE HARDGROVE	BOARD MEMBER	2.00	Director	$0	$0	$0
MAURICE HOLLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MILLER JOHNSTON III	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENDA KIRBY	PRESIDENT	10.00	Director	$0	$0	$0
ANDREW LYONS	VICE PRESIDE	2.00	Director	$0	$0	$0
BILL MOUNTCASTLE	TREASURER	3.00	Director	$0	$0	$0
KATHY NEWCOMB	BOARD MEMBER	2.00	Director	$0	$0	$0
ELETTE OWEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOYCE PILEWSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT RIVIERE-SEEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDIE ROSE	BOARD MEMBER	3.00	Director	$0	$0	$0
DIANA STALEY	SECRETARY	2.00	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
2025	$1,497,402	$1,147,228	$1,664,157	$350,174
2024	$1,134,953	$870,711	$1,301,491	$264,242
2023	$696,749	$640,501	$927,544	$56,248
2022	$716,490	$508,519	$933,270	$207,971
2021	$309,407	$262,185	$770,941	$47,222
2020	$401,698	$418,928	$1,147,004	$-17,230
2019	$292,054	$372,829	$1,163,673	$-80,775

FRIENDS OF WEYMOUTH INC