Friends of the Armory Foundation Corporation (EIN 932096111) - 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

2023

Legal Domicile

Phone

2129231803

Tax Period

2024-07-01 to 2025-06-30

Friends of the Armory Foundation Corporation, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $106K in total revenue in fiscal year 2024. Revenue surged 271% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 33% operating margin.

Mission

THE FRIENDS OF THE ARMORY FOUNDATION CORPORATION SUPPORTS THE ARMORY FOUNDATION, FURTHERING ITS PROGRAMS, WHICH FOCUS ON FOSTERING LIFELONG HEALTH AND LEARNING BY SERVING YOUTH, HIGH SCHOOL STUDENTS, COLLEGE STUDENTS, ADULTS AND LOCAL SENIORS THROUGH TRACK & FIELD, EDUCATIONAL AND WELLNESS 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 $73,746

Program Service Revenue $0

Investment Income $31,980

Other Revenue $0

TOTAL REVENUE $105,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $71,167

TOTAL EXPENSES $71,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,726	$28,513	+2.7%
Expenses	$71,167	N/A	N/A
Net Income	$34,559	$28,513	+0.2%

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

$893,025

Total Directors

$893,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN SCHINDEL	SECRETARY & TREASURER	1.0	Officer Director	$0	$56,885	$447,140
RITA FINKEL	PRESIDENT	1.0	Officer Director	$0	$38,026	$445,885
ALLISON KOLBERG	DIRECTOR	1.0	Director	$0	$0	$0
ANDY UDIS	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL BLUM	DIRECTOR	1.0	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	$105,726	$71,167	$14,706,069	$34,559
2024	$28,513	No data	$14,449,495	No data
2024	No data	No data	No data	No data

Friends of the Armory Foundation Corporation