FARLEY L BERMAN FOUNDATION INC (EIN 631082554) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

GREG POTTS

Phone

2562376261

Tax Period

2023-10-01 to 2024-09-30

FARLEY L BERMAN FOUNDATION INC, founded in 1994, is a micro nonprofit that reported $68K in total revenue in fiscal year 2017. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $47K, a strong 68% operating margin.

Mission

THE MISSION OF THE FARLEY L. BERMAN FOUNDATION IS TO PRESERVE, MANAGE, COLLECT AND UTILIZE FOR EDUCATIONAL PURPOSES, HISTORICALLY SIGNIFICANT PROPERTY PERTAINING TO THE HISTORY OF THE WORLD FOR THE BENEFIT OF THE PUBLIC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $468,908

Program Service Revenue $0

Investment Income $40,784

Other Revenue $0

TOTAL REVENUE $509,692

Expense Breakdown

Grants Paid $200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,266

Other Expenses $23,108

TOTAL EXPENSES $23,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$509,692	$380,641	+0.3%
Expenses	$23,308	$23,526	0.0%
Net Income	$486,384	$357,115	+0.4%

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

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
GREG POTTS	PRESIDENT	1.50	Officer Director	$0	$0	$0
ERIC SLOUGHFY	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
HUNTER GENTRY	SECRETARY	1.50	Officer Director	$0	$0	$0
DAVID FORD	TREASURER	1.50	Officer Director	$0	$0	$0
GREG BROWN	MEMBER	1.00	Director	$0	$0	$0
MARK HEARN	MEMBER	1.00	Director	$0	$0	$0
NATHAN HILL	MEMBER	1.00	Director	$0	$0	$0
CHARLOTTE HUBBARD	MEMBER	1.00	Director	$0	$0	$0
LYNNE ISOM	MEMBER	1.00	Director	$0	$0	$0
CHARLES KEITH	MEMBER	1.00	Director	$0	$0	$0
TREY RIDLIN	MEMBER	1.00	Director	$0	$0	$0
ANN WELCH	MEMBER	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	$509,692	$23,308	$10,540,049	$486,384
2023	$380,641	$23,526	$9,875,075	$357,115
2022	$35,494	$15,401	$9,440,345	$20,093
2021	$55,314	$20,705	$9,480,963	$34,609
2020	$26,852	$15,476	$9,406,640	$11,376
2019	$324,897	$25,914	$9,425,972	$298,983
2018	$68,290	$21,788	$9,140,907	$46,502

FARLEY L BERMAN FOUNDATION INC