FRIENDS OF LACHAT INC (EIN 800768651) - 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

2012

Legal Domicile

Principal Officer

Carol W Baldwin

Phone

2039848403

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF LACHAT INC, founded in 2012, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $497K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $555K exceeded revenue, resulting in a 12% operating deficit.

Mission

Restore, maintain and improve the farmhouse, grounds and other facilities at Lachat Town Farm, a municipal property located in the town of Weston, CT. Offer programs that facilitate education and enjoyment of the Lachat Town Farm by the communities of Weston, CT and surrounding towns.

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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 $142,786

Program Service Revenue $328,470

Investment Income $591

Other Revenue $25,443

TOTAL REVENUE $497,290

Expense Breakdown

Grants Paid $5,061

Salaries & Benefits $84,724

Fundraising Expenses $0

Program Expenses $541,193

Other Expenses $464,849

TOTAL EXPENSES $554,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$497,290	$532,498	-0.1%
Expenses	$554,634	$456,401	+0.2%
Net Income	$-57,344	$76,097	-1.8%

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

Volunteers

150

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
Carol W Baldwin	President	20	Officer Director	$0	$0	$0
Deirdre Doran	Secretary	5	Officer Director	$0	$0	$0
Ellen McCormicck	Director	10	Director	$0	$0	$0
Jennifer Siegel	Director	15.00	Director	$0	$0	$0
Alissa Stoltz	Director	20.00	Director	$0	$0	$0
Michelle Black	Director	10	Director	$0	$0	$0
Daniel Lerner	Director	5	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	$497,290	$554,634	$308,454	$-57,344
2022	$532,498	$456,401	$365,801	$76,097
2021	$394,378	$341,327	$289,704	$53,051
2020	$221,183	$167,056	$236,653	$54,127

FRIENDS OF LACHAT INC