Friends of Memorial Hall Inc (EIN 900892021) - 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

2017

Legal Domicile

Principal Officer

Joseph Zuffante

Phone

6173063030

Tax Period

2023-01-01 to 2023-12-31

Friends of Memorial Hall Inc, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $498K in total revenue in fiscal year 2023. Revenue surged 690% from the prior year, signaling strong growth momentum. Expenses of $426K left a modest 14% surplus.

Mission

To raise funds and apply for grants to help cover operating expenses and to maintain and restore the building located at 14 Green Street in Charlestown MA.

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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 $129,388

Program Service Revenue $367,996

Investment Income $145

Other Revenue $0

TOTAL REVENUE $497,529

Expense Breakdown

Grants Paid $17,158

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $425,966

Other Expenses $408,808

TOTAL EXPENSES $425,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$497,529	$62,994	+6.9%
Expenses	$425,966	$72,959	+4.8%
Net Income	$71,563	$-9,965	-8.2%

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
Joseph Zuffante	President	25.00	Officer Director	$0	$0	$0
Lawrence F Stevens	Treasurer	15.00	Officer Director	$0	$0	$0
Stanley Leonard	Vice President	5.00	Officer Director	$0	$0	$0
David Hennessey	Clerk	5.00	Officer Director	$0	$0	$0
Kira Dunn	Director	5.00	Director	$0	$0	$0
Amanda Zettel	Director	5.00	Director	$0	$0	$0
Dan Noonan	Director	5.00	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
2023	$497,529	$425,966	$94,053	$71,563
2020	$18,333	$20,633	$9,188	$-2,300
2019	$13,959	$15,978	$11,488	$-2,019
2018	$15,233	$10,427	$35,010	$4,806
2017	$99,110	$14,579	$87,144	$84,531
2016	$13,593	$11,000	$2,613	$2,593

Friends of Memorial Hall Inc