FRIENDS DEVELOPMENT CORPORATION (EIN 043075898) - 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

1990

Legal Domicile

Principal Officer

JOHN E ROSENTHAL

Phone

6179428671

Tax Period

2024-07-01 to 2025-06-30

FRIENDS DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $225K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $256K exceeded revenue, resulting in a 14% operating deficit.

Mission

STATEMENT 1 AT SCHEDULE O

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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 $83,625

Program Service Revenue $141,400

Investment Income $239

Other Revenue $0

TOTAL REVENUE $225,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,225

Fundraising Expenses $0

Program Expenses $210,389

Other Expenses $254,481

TOTAL EXPENSES $255,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,264	$194,971	+0.2%
Expenses	$255,706	$249,146	+0.0%
Net Income	$-30,442	$-54,175	-0.4%

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

$261,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN E ROSENTHAL	PRESIDENT AND DIRECTOR	5.00	Officer Director	$0	$0	$0
BRETT LARSON	TREASURER AND DIRECTOR	2.00	Officer Director	$0	$0	$0
MARIANN BUCINA ROCA	CLERK	5.00	Officer	$0	$20,489	$184,004
CARRIE COUGHLIN	CLERK	5.00	Officer	$0	$18,046	$77,546
SARA BURNS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MALBOEUF CRAMPTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CROWLEY JR ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY FITTS	DIRECTOR	1.00	Director	$0	$0	$0
FERN KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
MARIE KEUTMANN	DIRECTOR	1.00	Director	$0	$0	$0
DARREN LEE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW LINDLEY	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN O'CONNELL	DIRECTOR,	1.00	Director	$0	$0	$0
KATHERINE PROVOST	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ROLLO	DIRECTOR	1.00	Director	$0	$0	$0
GREG VOYENTZIE	DIRECTOR	1.00	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
2025	$225,264	$255,706	$904,506	$-30,442
2024	$194,971	$249,146	$933,700	$-54,175
2023	$195,626	$245,485	$986,649	$-49,859
2022	$250,677	$229,482	$1,035,304	$21,195
2021	$228,926	$211,979	$1,013,927	$16,947
2020	$220,551	$243,023	$1,014,156	$-22,472
2019	$282,484	$253,283	$1,055,005	$29,201

FRIENDS DEVELOPMENT CORPORATION