1616 LATIMER FUND (EIN 852592534) - 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

2020

Legal Domicile

Principal Officer

DIANNE REED

Phone

2674572172

Tax Period

2024-07-01 to 2025-06-30

1616 LATIMER FUND, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $382K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $193K, a strong 50% operating margin.

Mission

FUND HISTORIC PRESERVATION CAPITAL PROJECTS AT 1616 LATIMER STREET

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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 $382,255

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $382,255

Expense Breakdown

Grants Paid $172,757

Salaries & Benefits $0

Fundraising Expenses $2,777

Program Expenses $172,757

Other Expenses $16,898

TOTAL EXPENSES $189,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,255	$404,524	-0.1%
Expenses	$189,655	$365,900	-0.5%
Net Income	$192,600	$38,624	+4.0%

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

N/A

Volunteers

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
DIANNE REED	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA DALY	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
LOIS HORGAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MAXMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARLINE F MILNER	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY TRAUGER	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY WACHS	DIRECTOR	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
2025	$382,255	$189,655	$503,673	$192,600
2024	$404,524	$365,900	$311,073	$38,624
2023	$393,248	$155,970	$272,449	$237,278

1616 LATIMER FUND