THE FRIENDS NETWORK INC

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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

1997

Legal Domicile

Phone

8452780820

Tax Period

2024-01-01 to 2024-12-31

THE FRIENDS NETWORK INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $462K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $429K left a modest 7% surplus.

Mission

TO PROVIDE SOCIAL AND RECREATIONAL PROGRAMS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $313,438

TO INCREASE SOCIALIZATION OF ADULTS WITH DEVELOPMENTAL DISABILITIES THROUGH TRIPS, COOKING LESSONS, BOOK CLUB, FITNESS CLASSES AND OTHER ACTIVITIES.

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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 $461,910

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $461,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,840

Fundraising Expenses $0

Program Expenses $313,438

Other Expenses $209,830

TOTAL EXPENSES $428,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,917	$500,717	-0.1%
Expenses	$428,670	$469,911	-0.1%
Net Income	$33,247	$30,806	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN HENKE	EXECUTIVE DIRECTOR	40.00		$113,372	$0	$113,372
DENISE GALGANO	Secretary	5.00	Officer Director	$0	$0	$0
GUENTHER BUDDENBAUM	BOARD MEMBER	5.00	Director	$0	$0	$0
LINDA KISS - GRUETZNER	PRESIDENT	5.00		$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	No data	No data	No data	No data
2024	$461,917	$428,670	$225,158	$33,247
2023	$500,717	$469,911	$137,193	$30,806
2022	$432,421	$408,479	$109,758	$23,942
2021	$395,481	$356,025	$93,110	$39,456
2020	$301,349	$378,776	$113,094	$-77,427
2019	$414,926	$425,966	$125,520	$-11,040
2018	$440,862	$434,032	$137,005	$6,830