HERKIMER 9 FOUNDATION INC (EIN 854267172) - 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

SCOTT FLANSBURG

Phone

3158682784

Tax Period

2021-01-01 to 2021-12-31

HERKIMER 9 FOUNDATION INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $216K in total revenue in fiscal year 2021. The organization ran a surplus of $158K, a strong 73% operating margin.

Mission

TO COMBAT COMMUNITY DETERIORATION IN THE VILLAGE OF HERKIMER, AND ITS SURROUNDS, BY SUPPORTING AND ADVANCING EFFORTS TO REVITALIZE THE AREA AS A CENTER OF ACTIVITY AND COMMERCIAL EXPANSION, TO SUPPORT THE PRESERVATION AND IMPROVEMENT OF EXISTING BUILDINGS AND STRUCTURES HAVING HISTORIC SIGNIFICANCE, AND TO SUPPORT THE CREATION OF NEW FACILITIES WITHIN THE BLIGHTED, DECAYED OR SUBSTANDARD AREAS OF THE VILLAGE OF HERKIMER, ALL OF WHICH WILL HELP TO LESSEN THE BURDENS OF GOVERNMENT AGENCIES INVOLVED WITH THESE REVITALIZATION EFFORTS

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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 (2021)

Revenue Breakdown

Contributions & Grants $215,566

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,231

Other Expenses $57,789

TOTAL EXPENSES $57,789

Year-over-Year Comparison

	2021	2020	Change
Revenue	$215,566	N/A	N/A
Expenses	$57,789	N/A	N/A
Net Income	$157,777	$0	N/A

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
SCOTT FLANSBURG	PRESIDENT	10.00	Officer Director	$0	$0	$0
BRION CARROLL	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
PHILIP BARUTH	MEMBER	1.00	Director	$0	$0	$0
ROBERT BASLOE	MEMBER	1.00	Director	$0	$0	$0
BRUCE BULL	MEMBER	1.00	Director	$0	$0	$0
KEVIN CROSLEY	MEMBER	1.00	Director	$0	$0	$0
CHIP HUMMEL	MEMBER	1.00	Director	$0	$0	$0
MARY MORSE	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY PENREE	MEMBER	1.00	Director	$0	$0	$0
STEVE PONTE SR	MEMBER	1.00	Director	$0	$0	$0
RICHARD RHYMESTINE	MEMBER	1.00	Director	$0	$0	$0
RENEE SCIALDO-SHEVAT	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
2021	$215,566	$57,789	$190,896	$157,777

HERKIMER 9 FOUNDATION INC