Friends of Boy Scout Troop 224Inc (EIN 680462400) - 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

2014

Legal Domicile

Principal Officer

Walter Price

Phone

5103887710

Tax Period

2024-02-01 to 2025-01-31

Friends of Boy Scout Troop 224Inc, founded in 2014, is a small nonprofit in the Youth Development sector that reported $151K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $77K, a strong 51% operating margin.

Mission

Volunteer organization in support of Boy Scout Troop 224

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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 $89,882

Program Service Revenue $0

Investment Income $61,142

Other Revenue $0

TOTAL REVENUE $151,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,509

Other Expenses $74,178

TOTAL EXPENSES $74,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,024	$945,085	-0.8%
Expenses	$74,178	$61,595	+0.2%
Net Income	$76,846	$883,490	-0.9%

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

100

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
Walter Price	President	0.25	Officer Director	$0	$0	$0
William Lew	Board Member	0.25	Director	$0	$0	$0
Kyle Blocker	Board Member	0.25	Director	$0	$0	$0
Ed Glantz	Board Member	0.25	Director	$0	$0	$0
Robert Lyman	Board Member	3.00	Director	$0	$0	$0
Claire Phillips	Treasurer	0.25	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	$151,024	$74,178	$2,487,403	$76,846
2024	$945,085	$61,595	$2,410,557	$883,490
2023	$1,120,740	$80,173	$1,793,163	$1,040,567
2022	$191,066	$66,502	$527,587	$124,564

Friends of Boy Scout Troop 224Inc