FRIENDS OF THE HALSTEAD INC (EIN 862430710) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

CHESLEY ALLEGRI

Phone

2518950071

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE HALSTEAD INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $218K in total revenue in fiscal year 2021. The organization ran a surplus of $40K, a strong 18% operating margin.

Mission

THE GENERAL PURPOSES OF THE CORPORATION ARE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL OR OTHER PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "INTERNAL REVENUE CODE"), WITH PRIMARY EMPHASIS ON PROMOTING THE USAGE OF THE HALSTEAD AMPHITHEATER ON THE COASTAL AL COMMUNITY COLLEGE FAIRHOPE CAMPUS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $126,997

Program Service Revenue $594,411

Investment Income $1,391

Other Revenue $0

TOTAL REVENUE $722,799

Expense Breakdown

Grants Paid $21,657

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $537,851

Other Expenses $777,853

TOTAL EXPENSES $799,510

Year-over-Year Comparison

	2025	2024	Change
Revenue	$722,799	$563,219	+0.3%
Expenses	$799,510	$421,647	+0.9%
Net Income	$-76,711	$141,572	-1.5%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
CHESLEY ALLEGRI	PRESIDENT	Director	$0	$0	$0
ANDY LUDECKE	VICE CHAIRMAN	Director	$0	$0	$0
MANDY BEZEREDI	SECRETARY	Director	$0	$0	$0
NELA FORNEY	TREASURER	Director	$0	$0	$0
EUGENIA LANAUX	DIRECTOR	Director	$0	$0	$0
CLIFTON MOSTELLER	DIRECTOR	Director	$0	$0	$0
BEN JERNIGAN	DIRECTOR	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	$722,799	$799,510	$140,888	$-76,711
2024	No data	No data	No data	No data
2023	$257,126	$227,474	$71,081	$29,652
2022	$328,713	$327,116	$41,429	$1,597
2021	$218,393	$178,561	$39,832	$39,832

FRIENDS OF THE HALSTEAD INC