FRIENDS OF 2LIFE COMMUNITIES INC (EIN 042607197) - 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

1974

Legal Domicile

Principal Officer

BENJAMIN MAHNKE

Phone

6179128400

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF 2LIFE COMMUNITIES INC, founded in 1974, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 38% operating margin.

Mission

GRANTS ARE DETERMINED THROUGH A BUDGETING PROCESS TO IDENTIFY PROGRAM EXPENSE NEEDS.

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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 $6,126,232

Program Service Revenue $0

Investment Income $3,499

Other Revenue $-146,929

TOTAL REVENUE $5,982,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,127,216

Fundraising Expenses $715,192

Program Expenses $2,127,727

Other Expenses $2,593,262

TOTAL EXPENSES $3,720,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,982,802	$4,087,396	+0.5%
Expenses	$3,720,478	$4,050,340	-0.1%
Net Income	$2,262,324	$37,056	+60.1%

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

$693,939

Total Directors

Key Employees

$315,751

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNIE KAPLAN	OUTGOING-DIRECTOR	1.00	Director	$0	$0	$0
DONNA KALIKOW	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SACKS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA EFRON	OUTGOING-DIRECTOR	1.00	Director	$0	$0	$0
LYNNE ELFLAND	CHAIR / DIRECTOR	1.00	Officer Director	$0	$0	$0
MERLE GRANDBERG	DIRECTOR	1.00	Director	$0	$0	$0
ROB GIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
HENRY KORMAN	OUTGOING-GENERAL COUNCIL / ASSISTAN	3.00	Officer	$0	$0	$0
SUSAN APPELBAUM	CDO/ ASSISTANT CLERK	37.00	Officer	$0	$9,061	$195,749
KAREN EDLUND	CFO/TREASURER	3.00	Officer	$0	$26,147	$233,520
LIZBETH HEYER	VICE PRESIDENT / CLERK	1.00	Officer	$0	$46,246	$264,670
AMY SCHECTMAN	CEO	15.00	Key Emp	$0	$13,526	$315,751

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	No data	No data	No data	No data
2023	$5,982,802	$3,720,478	$9,192,845	$2,262,324
2022	$4,087,396	$4,050,340	$6,096,551	$37,056
2021	$3,193,429	$3,253,852	$5,711,988	$-60,423
2020	$3,726,464	$2,232,571	$6,538,693	$1,493,893
2018	$3,434,775	$1,569,926	$3,683,503	$1,864,849

FRIENDS OF 2LIFE COMMUNITIES INC