Families Reaching Into Each New Da… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

Susan E Stevenson

Phone

4019210980

Tax Period

2023-10-01 to 2024-09-30

Families Reaching Into Each New Day Inc dba FRIENDS WAY, founded in 1999, is a small nonprofit in the Mental Health sector that reported $262K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $236K left a modest 10% surplus.

Mission

To provide charitable and educational activities which provide support for children and their families who experience loss through death of one or more family members.

Program Service Accomplishments

Program 1

Expenses: $207,993

FRIENDS WAY (FW), the family bereavement center in Rhode Island, offers bereavement support services to children ages 3 to 18 and their adult caregivers throughout Southeastern New England, and also provides community awareness and training on issues related to children, grief, and loss via community organizations including schools, churches, and civic groups. These organizations are comprised of peer groups which convene three nights per week throughout the school year. If necessary, the clinician follows up with the families and, when appropriate, provides additional professional referrals. Staffed with highly qualified mental health care professionals and extensively trained community volunteers, FW provides peer support to children and their families in a safe and nurturing environment. (Continued on 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 (2023)

Revenue Breakdown

Contributions & Grants $311,898

Program Service Revenue $0

Investment Income $22

Other Revenue $-49,683

TOTAL REVENUE $262,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,993

Other Expenses $236,303

TOTAL EXPENSES $236,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,237	$327,297	-0.2%
Expenses	$236,303	$268,907	-0.1%
Net Income	$25,934	$58,390	-0.6%

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

$956,843

Total Directors

$3,608,365

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Fernandez	Director	0.10	Director	$0	$307,376	$2,456,122
Henry T Sachs III MD	Secretary	1.00	Officer Director	$0	$29,458	$797,201
Scott DiChristofero	Director	0.00	Director	$0	$33,388	$355,042
Susan E Stevenson	Pres./Exec.Dir.	15.00	Officer	$0	$19,500	$159,642
Ethan Borchelt	Vice Chair	0.00	Officer Director	$0	$0	$0
Kristen Costa	Director	0.75	Director	$0	$0	$0
Erin Davis	Director	0.50	Director	$0	$0	$0
Danielle Dufault Esq	Director	0.50	Director	$0	$0	$0
Ryan Erickson	Director	0.50	Director	$0	$0	$0
Luis Felicio	Director	1.00	Director	$0	$0	$0
Melinda Gaudreau	Chair	20.00	Officer Director	$0	$0	$0
Carolyn Hames	Director	3.00	Director	$0	$0	$0
Harold Horvat	Treasurer	1.00	Officer Director	$0	$0	$0
Anna Johnson	Director	0.25	Director	$0	$0	$0
Brian McMahon	Director	3.00	Director	$0	$0	$0
Angelo Pezzullo	Director	0.00	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	$262,237	$236,303	$684,405	$25,934
2023	$327,297	$268,907	$637,332	$58,390
2022	$323,688	$258,026	$539,284	$65,662
2021	$261,211	$224,178	$476,236	$37,033
2020	$254,980	$209,526	$444,234	$45,454
2019	$281,309	$195,374	$428,341	$85,935
2018	$214,215	$180,825	$435,962	$33,390

Families Reaching Into Each New Day Inc dba FRIENDS WAY