Friendship Service Center Inc (EIN 060871295) - 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

1968

Legal Domicile

Principal Officer

Caitlin Rose

Phone

8602250211

Tax Period

2024-07-01 to 2025-06-30

Friendship Service Center Inc, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

To make love visible through services for those at risk of or experiencing homelessness.

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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 $4,825,774

Program Service Revenue $43,214

Investment Income $120,320

Other Revenue $0

TOTAL REVENUE $4,989,308

Expense Breakdown

Grants Paid $500,541

Salaries & Benefits $2,842,943

Fundraising Expenses $64,741

Program Expenses $4,396,424

Other Expenses $1,792,690

TOTAL EXPENSES $5,136,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,989,308	$4,145,740	+0.2%
Expenses	$5,136,174	$4,726,816	+0.1%
Net Income	$-146,866	$-581,076	-0.7%

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

Volunteers

540

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

$270,372

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard M Dighello	Interim President	1.00	Officer Director	$0	$0	$0
Don Beckwith	vice president	1.00	Officer Director	$0	$0	$0
Amy Meiners	Interim Secretary	1.00	Officer Director	$0	$0	$0
jeffery paz	Treasurer	1.00	Officer Director	$0	$0	$0
Jessica Vargas	Director	1.00	Director	$0	$0	$0
Dave Thompkins	director	1.00	Director	$0	$0	$0
Jennifer Towne	director	1.00	Director	$0	$0	$0
Vernon Baker	director	1.00	Director	$0	$0	$0
Patryk Krakowski	director	1.00	Director	$0	$0	$0
Kerri langevin	director	1.00	Director	$0	$0	$0
suzy Rivera	Director of finance	40.00	Officer	$90,364	$18,786	$109,150
Caitlin Rose	Chief Executive Officer	40.00	Officer	$149,631	$11,591	$161,222

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	$4,989,308	$5,136,174	$13,119,292	$-146,866
2024	$4,145,740	$4,726,816	$13,042,545	$-581,076
2023	$4,029,811	$4,507,691	$13,562,499	$-477,880
2022	$3,305,309	$3,636,551	$13,813,064	$-331,242
2021	$2,988,286	$3,385,385	$14,536,870	$-397,099
2020	$2,902,385	$3,241,557	$14,378,713	$-339,172
2019	$2,622,155	$3,086,622	$14,382,421	$-464,467

Friendship Service Center Inc