FRIENDS OF WETHERSFIELD INC (EIN 815441612) - 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

2017

Legal Domicile

Principal Officer

BERNADETTE MURRAY

Phone

8453738037

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF WETHERSFIELD INC, founded in 2017, is a small nonprofit that reported $226K in total revenue in fiscal year 2022. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $743K exceeded revenue, resulting in a 228% operating deficit.

Mission

FRIENDS OF WETHERSFIELD, INC. (THE "ORGANIZATION") WAS ORGANIZED ON FEBRUARY 13, 2017 UNDER SECTION 102 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. THE ORGANIZATION WAS ESTABLISHED TO SUPPORT THE PUBLIC USE, DISPLAY, CULTIVATION, MAINTENANCE, CONSERVATION, AND RELATED FARMING, AGRICULTURAL, ECOLOGICAL AND EDUCATIONAL, SCIENTIFIC AND CHARITABLE PROGRAMS, OF THE GARDENS, FARM, RIDING TRAILS AND CARRIAGE HOUSE LOCATED AT THE HISTORIC WETHERSFIELD PROPERTY IN AMENIA, NEW YORK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $145,550

Program Service Revenue $0

Investment Income $0

Other Revenue $80,736

TOTAL REVENUE $226,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $731,707

Other Expenses $743,208

TOTAL EXPENSES $743,208

Year-over-Year Comparison

	2022	2021	Change
Revenue	$226,286	$468,228	-0.5%
Expenses	$743,208	$176,547	+3.2%
Net Income	$-516,922	$291,681	-2.8%

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

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
BERNADETTE MURRAY	PRESIDENT	7.50	Officer Director	$0	$0	$0
OLIVIA VAN MELLE KAMP	TREASURER	7.50	Officer Director	$0	$0	$0
CLAIRE MANN	SECRETARY	7.50	Officer Director	$0	$0	$0
CAROLINA GUNNARSSON	DIRECTOR	5.00	Director	$0	$0	$0
MEGHAN KLOPP	TREASURER	5.00	Officer Director	$0	$0	$0
ROBBIANNE MACKIN	DIRECTOR	5.00	Director	$0	$0	$0
DEANNA MULLIGAN	DIRECTOR	5.00	Director	$0	$0	$0
BARBARA TOBER	DIRECTOR	5.00	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
2022	$226,286	$743,208	$2,785	$-516,922
2021	$468,228	$176,547	$596,346	$291,681

FRIENDS OF WETHERSFIELD INC