MHS ATHLETIC HALL OF FAME

EIN: 993314303 501(c)(3) Arts, Culture & Humanities

SOMERSET, NJ

Total Revenue
$122,944
Total Expenses
$9,349
Total Assets
$113,695
Net Assets
$113,695
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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
2024
Legal Domicile
NJ
Principal Officer
RAYMOND PERONE
Phone
9086722071
Tax Period
2024-06-03 to 2024-12-31

MHS ATHLETIC HALL OF FAME, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $123K in total revenue in fiscal year 2024. The organization ran a surplus of $114K, a strong 92% operating margin.

Mission

OUR MISSION IS TO CELEBRATE EXCELLENCE AND INSPIRE FUTURE GENERATIONS BY HONORING OUTSTANDING INDIVIDUALS THROUGH OUR ANNUAL HALL OF FAME INDUCTION CEREMONY. 100% OF PROCEEDS FROM THIS EVENT FUND SCHOLARSHIPS AWARDED TO STUDENTS WHO DEMONSTRATE ATHLETIC PARTICIPATION AND FINANCIAL NEED, HELPING THEM PURSUE THEIR ACADEMIC AND PROFESSIONAL GOALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $120,890
Program Service Revenue $0
Investment Income $2,054
Other Revenue $0
TOTAL REVENUE $122,944

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $0
Fundraising Expenses $5,250
Program Expenses $4,000
Other Expenses $5,349
TOTAL EXPENSES $9,349

Year-over-Year Comparison

2024 2023 Change
Revenue $122,944 N/A N/A
Expenses $9,349 N/A N/A
Net Income $113,595 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

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Governance

Voting Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY BRENNER TRUSTEE 2.00
Director
$0 $0 $0
TODD NICOLAY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL ODONNELL TRUSTEE 4.00
Director
$0 $0 $0
RAYMOND PERONE TRUSTEE 9.00
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
2024 $122,944 $9,349 $113,695 $113,595
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