HIBERNIAN BUILDING ASSOCIATION OF SALEM INC (EIN 900855249) - 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

1945

Legal Domicile

Principal Officer

CHARLES SINCLAIR

Phone

9787456708

Tax Period

2023-10-01 to 2024-09-30

HIBERNIAN BUILDING ASSOCIATION OF SALEM INC, founded in 1945, is a small nonprofit in the Community Improvement sector that reported $219K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $250K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE HIBERNIAN BUILDING ASSOCIATION OF SALEM, INC. ENDEAVORS TO PROVIDE CHARITABLE ASSISTANCE TO ITS MEMBERS AS WELL AS THE COMMUNITY AT LARGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $11

Other Revenue $218,818

TOTAL REVENUE $218,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,781

Fundraising Expenses $0

Program Expenses $243,940

Other Expenses $160,484

TOTAL EXPENSES $250,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,829	$306,896	-0.3%
Expenses	$250,265	$255,335	0.0%
Net Income	$-31,436	$51,561	-1.6%

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

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

$31,413

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS TARDIFF	CLERK	10.00	Officer	$15,813	$0	$15,813
CHARLES SINCLAIR	TREASURER	10.00	Officer	$15,600	$0	$15,600
DANIEL SINCLAIR	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL DUMMOND	PRESIDENT	5.00	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
2024	$218,829	$250,265	$92,232	$-31,436
2023	$306,896	$255,335	$131,015	$51,561
2022	$214,791	$268,059	$87,980	$-53,268
2021	$158,826	$195,519	$75,847	$-36,693
2020	$169,487	$204,191	$85,560	$-34,704
2019	$222,455	$226,879	$92,945	$-4,424

HIBERNIAN BUILDING ASSOCIATION OF SALEM INC