FRIENDS OF THE HISTORIC ADAMS HOTEL

EIN: 812570014 501(c)(3) Arts, Culture & Humanities

LAVINA, MT

Total Revenue
$110,009
Total Expenses
$319,959
Total Assets
$20,330
Net Assets
$20,330
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MT
Phone
9529564368
Tax Period
2021-01-01 to 2021-12-31

FRIENDS OF THE HISTORIC ADAMS HOTEL, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $110K in total revenue in fiscal year 2021. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $320K exceeded revenue, resulting in a 191% operating deficit.

Mission

Our mission is to preserve the Adams Hotel an historic building on the National Registry located in Lavina Montana 59046 . The building has deteriorated especially the foundation. In 2019 we were able to repair and paint the front with the help of a grant{ 3500 and donation {10,000} plus a fundraiser. Last year 2020 the Friends received a large donation of $200,000. so we can begin our plans to repair the foundation which is in critical shape. We still did not have quite enough funds to begin this project but have begun it this year 2021. We are just now completing the siding repair and exterior painting in 2022.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $110,009
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $110,009

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $316,381
Other Expenses $319,959
TOTAL EXPENSES $319,959

Year-over-Year Comparison

2021 2020 Change
Revenue $110,009 $200,393 -0.5%
Expenses $319,959 $11,825 +26.1%
Net Income $-209,950 $188,568 -2.1%
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

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Catherine Thayer President 4.00
$0 $0 $0
Allen Dedman Vice President 1.00
$0 $0 $0
Lenore Swensen Secretary Treasurer 1.00
$0 $0 $0
James Lehfeldt Director 1.00
$0 $0 $0
Robert Lehfeldt Director 1.00
$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
2021 $110,009 $319,959 $20,330 $-209,950
2020 $200,395 $11,825 $230,280 $188,570
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