FERREN MEMORIAL INC

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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

2016

Legal Domicile

Principal Officer

JOHN J FERREN

Phone

3392344728

Tax Period

2023-01-01 to 2023-12-31

FERREN MEMORIAL INC, founded in 2016, is a micro nonprofit in the Education sector that reported $15K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $13K left a modest 13% surplus.

Mission

ORGANIZED TO RAISE FUNDS FOR AWARDING COLLEGE SCHOLARSHIPS AND TRADE SCHOLARSHIPS TO HIGH SCHOOL GRADUATES AND ALSO POST COLLEGE GRADUATES

Program Service Accomplishments

Program 1

Expenses: $9,455 Revenue: $33,153

FERREN MEMORIAL HOLD TYPICALLY TWO FUND RAISING EVENTS EACH YEAR. 1) GOLF TOURNAMENT 2) MARTINI TASTING EVENT

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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 $8,000

Program Service Revenue $0

Investment Income $0

Other Revenue $7,155

TOTAL REVENUE $15,155

Expense Breakdown

Grants Paid $9,455

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,455

Other Expenses $3,693

TOTAL EXPENSES $13,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,155	$18,055	-0.2%
Expenses	$13,148	$23,055	-0.4%
Net Income	$2,007	$-5,000	-1.4%

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

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
NA	N/A	N/A		$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	$15,155	$13,148	$50,624	$2,007
2022	$18,055	$23,055	$48,617	$-5,000
2021	$31,343	$11,685	$48,408	$19,658