FRIENDS OF THE WASHINGTON STATUE INC (EIN 992077710) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2024

Legal Domicile

Principal Officer

JOHN GERBER

Phone

7032030158

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE WASHINGTON STATUE INC, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $251K in total revenue in fiscal year 2024. The organization ran a surplus of $234K, a strong 94% operating margin.

Mission

THE MISSION IS TO RAISE FUNDS TO RESTORE AND REPAIR THE FAMOUS WASHINGTON STATUE IN TRAFALGAR SQUARE; TO PROVIDE A NEW HIGH-QUALITY PEDESTAL FOR THE WASHINGTON STATUE; AND TO EDUCATE THE PEOPLE THROUGHOUT THE WORLD, INFORMING AND INSPIRING FUTURE GENERATIONS ABOUT THE NATURE OF VIRGINIA'S ORIGINAL GIFT OF THE WASHINGTON STATUE AND THE "SPECIAL RELATIONSHIP" BETWEEN THE UNITED STATES/VIRGINIA AND THE UNITED KINGDOM WHICH INSPIRED IT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $126,982

Program Service Revenue $0

Investment Income $0

Other Revenue $123,673

TOTAL REVENUE $250,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,655

Other Expenses $16,174

TOTAL EXPENSES $16,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,655	N/A	N/A
Expenses	$16,174	N/A	N/A
Net Income	$234,481	N/A	N/A

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
JOHN GERBER	CHAIR, PRESIDENT	1.00	Officer	$0	$0	$0
SUZANNE YOUNGKIN	HONORARY CHAIR	1.00	Officer	$0	$0	$0
DAVID MCREERY	TREASURER	1.00	Officer	$0	$0	$0
CECIL QUILLEN	SECRETARY	1.00	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	$250,655	$16,174	$234,481	$234,481

FRIENDS OF THE WASHINGTON STATUE INC