1638 Fund Charitable Trust (EIN 816882714) - 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

2016

Legal Domicile

Principal Officer

Brian Kane

Phone

6176809144

Tax Period

2024-01-01 to 2024-12-31

1638 Fund Charitable Trust, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $267K in total revenue in fiscal year 2024. Revenue surged 195% from the prior year, signaling strong growth momentum. The organization ran a surplus of $189K, a strong 71% operating margin.

Mission

Operating support for the MRO expenses of the armory, Museum and Library of Massachusetts Ancient & Honorable Artillery Co. located at Fanuel Hall open to general public, visitors and tourists.

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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 $219,740

Program Service Revenue $0

Investment Income $47,203

Other Revenue $0

TOTAL REVENUE $266,943

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,000

Other Expenses $17,607

TOTAL EXPENSES $77,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,943	$90,599	+1.9%
Expenses	$77,607	$77,631	0.0%
Net Income	$189,336	$12,968	+13.6%

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

N/A

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
Joseph A Milano	Chairman	5.00	Officer	$0	$0	$0
Brian S Kane	Treasurer	5.00	Officer	$0	$0	$0
Jerome V Sweeney II	Secretary	5.00	Officer	$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	No data	No data	No data	No data
2024	$266,943	$77,607	$1,315,653	$189,336
2023	$90,599	$77,631	$1,093,692	$12,968
2022	$74,014	$94,141	$1,005,088	$-20,127

1638 Fund Charitable Trust