FOLK-TIME INC (EIN 931222522) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

PETER STARKEY

Phone

5032386428

Tax Period

2024-07-01 to 2025-06-30

FOLK-TIME INC, founded in 1996, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 27% operating margin.

Mission

TO CONNECT INDIVIDUALS WITH THE SHARED EXPERIENCE OF LIVING WITH MENTAL ILLNESS THROUGH PEER SUPPORT AND COMMUNITY BASED ACTIVITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,478,905

Program Service Revenue $277,287

Investment Income $0

Other Revenue $526

TOTAL REVENUE $3,756,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,532,257

Fundraising Expenses $32,270

Program Expenses $2,412,866

Other Expenses $1,205,406

TOTAL EXPENSES $2,737,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,756,718	$2,322,668	+0.6%
Expenses	$2,737,663	$962,936	+1.8%
Net Income	$1,019,055	$1,359,732	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$127,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN PALMER	CHAIR	1.00	Officer Director	$0	$0	$0
LESLIE FORD	BOARD MEMBER	1.00	Director	$0	$0	$0
ILYSE BALL	BOARD MEMBER	1.00	Director	$0	$0	$0
LANICIA DUKE	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA PONTRELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
LILLIAN MOFFIT	BOARD MEMBER	1.00	Director	$0	$0	$0
NYBELLE CARUSO	BOARD MEMBER THROUGH 10/24	1.00	Director	$0	$0	$0
PETER STARKEY	EXECUTIVE DIRECTOR	40.00	Officer	$120,000	$7,800	$127,800

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	$3,756,718	$2,737,663	$3,009,473	$1,019,055
2024	$2,322,668	$962,936	$2,072,353	$1,359,732
2023	$1,120,426	$1,062,810	$776,081	$57,616
2022	$1,353,029	$1,245,699	$729,629	$107,330
2021	$1,580,857	$1,177,985	$647,395	$402,872
2020	$1,415,917	$1,480,558	$493,524	$-64,641
2019	$1,481,797	$1,492,154	$314,475	$-10,357
2018	$1,388,294	$1,333,954	$339,189	$54,340

FOLK-TIME INC