FRIENDS OF THE MUNI INC (EIN 833279714) - 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

2019

Legal Domicile

Principal Officer

DAVID KILBORN

Phone

8439014457

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE MUNI INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $206K in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 77% operating margin.

Mission

CREATED TO HELP FUND THE ONGOING RENOVATION AND CONTINUED UPKEEP OF THE CITY OF CHARLESTON MUNICIPAL GOLF COURSE

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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 $191,381

Program Service Revenue $0

Investment Income $14,171

Other Revenue $0

TOTAL REVENUE $205,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,991

Other Expenses $48,183

TOTAL EXPENSES $48,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,552	$89,847	+1.3%
Expenses	$48,183	$48,920	0.0%
Net Income	$157,369	$40,927	+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
DAVID KILBORN	PRESIDENT	15.00	Officer	$0	$0	$0
ANTHONY MORELLI	VICE PRESIDENT	5.00	Officer	$0	$0	$0
EMILY RAPP	SECRETARY	5.00	Officer	$0	$0	$0
ROBERT COLLINS	TREASURER	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	$205,552	$48,183	$626,827	$157,369
2023	$89,847	$48,920	$468,653	$40,927
2022	$122,531	$21,176	$427,579	$101,355
2021	$67,232	$37,827	$295,359	$29,405
2020	$455,112	$375,465	$299,168	$79,647
2019	$462,859	$8,009	$454,850	$454,850

FRIENDS OF THE MUNI INC