FPTower Inc (EIN 832061229) - 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

2018

Legal Domicile

Principal Officer

Richard Neal

Phone

7049070399

Tax Period

2024-01-01 to 2024-12-31

FPTower Inc, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $223K left a modest 13% surplus.

Mission

Restoring the Frying Pan Tower to promote maritime safety, research, and ecosystem protection.

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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 $155,353

Program Service Revenue $90,641

Investment Income $0

Other Revenue $10,361

TOTAL REVENUE $256,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,068

Fundraising Expenses $391

Program Expenses $197,280

Other Expenses $183,960

TOTAL EXPENSES $223,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,355	$208,950	+0.2%
Expenses	$223,028	$177,133	+0.3%
Net Income	$33,327	$31,817	+0.0%

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

123

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

$36,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Neal	Executive Director	40.00	Officer Director	$36,000	$0	$36,000
David Kesler	Board Member	1.00	Director	$0	$0	$0
Matt Mansfield	Board Member	1.00	Director	$0	$0	$0
F Kenneth Nance III	Board Member	1.00	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
2024	$256,355	$223,028	$110,420	$33,327
2023	$208,950	$177,133	$73,058	$31,817

FPTower Inc