FRIENDS OF COOCHS BRIDGE HISTORIC SITE INC

EIN: 851349631 501(c)(3) Philanthropy & Grantmaking

MONTCHANIN, DE

Total Revenue
$209,913
Total Expenses
$485,677
Total Assets
$137,440
Net Assets
$27,693
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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
2020
Legal Domicile
DE
Tax Period
2023-07-01 to 2024-06-30

FRIENDS OF COOCHS BRIDGE HISTORIC SITE INC, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $210K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $486K exceeded revenue, resulting in a 131% operating deficit.

Mission

FRIENDS OF COOCHS BRIDGE HISTORIC SITE IS A NON-PROFITORGANIZATION THAT AIMS TO PRESERVE THE BUILDING AND NATURAL FEATURES OF THE DELAWARE-OWNEDHISTORIC PROPERTY KNOWN AS COOCHS BRIDGE HISTORIC SITE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $209,913
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $209,913

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $485,677
Other Expenses $485,677
TOTAL EXPENSES $485,677

Year-over-Year Comparison

2023 2022 Change
Revenue $209,913 $283,500 -0.3%
Expenses $485,677 $237,892 +1.0%
Net Income $-275,764 $45,608 -7.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICA WILSON ADEN VICE PRESIDENT 10.00
Director
$0 $0 $0
HON RICHARD R COOCH INDIVIDUAL TRUSTEES OR DIRECT 10.00
$0 $0 $0
DENNIS J COKER INDIVIDUAL TRUSTEES OR DIRECT 10.00
$0 $0 $0
DENISON H HATCH JR INDIVIDUAL TRUSTEES OR DIRECT 10.00
$0 $0 $0
ROBERT F JAMES INDIVIDUAL TRUSTEES OR DIRECT 10.00
$0 $0 $0
DR SHREE INAMADAR INDIVIDUAL TRUSTEES OR DIRECT 10.00
$0 $0 $0
MARILYN WHITTINGTON INDIVIDUAL TRUSTEES OR DIRECT 10.00
$0 $0 $0
ELIZABETH M HOMSEY SECRETARY 10.00
$0 $0 $0
KIRSTEN POOLE INDIVIDUAL TRUSTEES OR DIRECT 10.00
$0 $0 $0
AJAWAVI AJAVON INDIVIDUAL TRUSTEES OR DIRECT 10.00
$0 $0 $0
R BRUCE SWAYZE TREASURER 10.00
Officer
$0 $0 $0
VINCE WATCHORN PRESIDENT 10.00
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 $209,913 $485,677 $137,440 $-275,764
2023 $283,500 $237,892 $491,049 $45,608
2022 $483,431 $59,991 $437,676 $423,440
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