MICHAEL E SIMMONS FOUNDATION INC F… - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

BRADLEY HOFFMAN

Phone

8606583517

Tax Period

2024-07-01 to 2025-06-30

MICHAEL E SIMMONS FOUNDATION INC FRIENDS OF MICHAEL, founded in 2022, is a small nonprofit in the Youth Development sector that reported $238K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 47% operating margin.

Mission

TO SUPPORT THE ARTISTIC GROWTH OF THE YOUTH IN THE GREATER HARTFORD AREA BY PROVIDING OPPORTUNITIES OF INSPIRATION AND EDUCATION OF MUSIC, THEATER, AND THE ARTS THROUGH A VARIETY OF COMMUNITY PARTNERSHIPS AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $115,262 Revenue: $26,176

TO SUPPORT MUSIC IN THE COMMUNITY THROUGH AWARENESS AND THE ANNUAL MICHAEL SIMMONS MUSIC FESTIVAL. PROCEEDS FROM THIS EVENT PROVIDE FINANCIAL SUPPORT TO LOCAL ORGANIZATIONS MUSIC PROGRAMS.

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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 $202,245

Program Service Revenue $25,410

Investment Income $9,351

Other Revenue $766

TOTAL REVENUE $237,772

Expense Breakdown

Grants Paid $345

Salaries & Benefits $0

Fundraising Expenses $1,755

Program Expenses $115,262

Other Expenses $126,474

TOTAL EXPENSES $126,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,772	$194,994	+0.2%
Expenses	$126,819	$187,454	-0.3%
Net Income	$110,953	$7,540	+13.7%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY HOFFMAN	DIRECTOR, V. PRESIDENT & TREASURER	2.00	Officer Director	$0	$0	$0
KATHLEEN G HOFFMAN	DIRECTOR & PRESIDENT	2.00	Officer Director	$0	$0	$0
BRYANNA NOEL	DIRECTOR & SECRETARY	2.00	Officer 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	$237,772	$126,819	$283,955	$110,953
2024	No data	No data	No data	No data

MICHAEL E SIMMONS FOUNDATION INC FRIENDS OF MICHAEL