FRIENDS OF KAREN INC (EIN 141612290) - 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

1979

Legal Domicile

Principal Officer

JUDITH FACTOR

Phone

9142774547

Tax Period

2024-04-01 to 2025-03-31

FRIENDS OF KAREN INC, founded in 1979, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $4.4M left a modest 4% surplus.

Mission

PROVIDES EMOTIONAL , FINANCIAL AND ADVOCACY SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES, IN ORDER TO HELP KEEP THEM STABLE, FUNCTION AND ABLE TO COPE.

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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 $4,394,014

Program Service Revenue $0

Investment Income $385,034

Other Revenue $-181,641

TOTAL REVENUE $4,597,407

Expense Breakdown

Grants Paid $1,273,897

Salaries & Benefits $2,580,079

Fundraising Expenses $621,526

Program Expenses $3,319,914

Other Expenses $580,394

TOTAL EXPENSES $4,434,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,597,407	$3,733,443	+0.2%
Expenses	$4,434,370	$4,533,117	0.0%
Net Income	$163,037	$-799,674	-1.2%

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

239

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

$336,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SGAGLIO	PRESIDENT	3.00	Officer Director	$0	$0	$0
LAURA SALERNO-EVANS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAMELA HERVEY	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS JOCELYN	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTOPHER NAY	BOARD MEMBER (START 4/24)	1.00	Director	$0	$0	$0
EVAN SCHREIBER	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCISCO BARRENECHEA	BOARD MEMBER	2.00	Director	$0	$0	$0
GAUTHAM BALIGA	BOARD MEMBER (LOA 9/24-3/25)	1.00	Director	$0	$0	$0
GINA LODOLINI	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN MALAWER	BOARD MEMBER (LOA 9/24-7/25)	1.00	Director	$0	$0	$0
LOUIS MELTZER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL NIEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
NITIN VERMA	BOARD MEMBER (START 4/24)	1.00	Director	$0	$0	$0
PAUL SMADBECK	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH NORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN CONNOLLY	BOARD MEMBER	1.00	Director	$0	$0	$0
OLUYEMISI OLUWOLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH FACTOR	EXECUTIVE DIRECTOR	40.00	Officer	$203,300	$439	$203,739
THERESA SORRENTINO	DIRECTOR, FINANCE & ADM	40.00	Officer	$121,211	$12,046	$133,257
RHONDA RYAN	DIRECTOR , FAMILY SUPPORT	40.00	Highest	$132,067	$439	$132,506
LESLIE BELLISSIMO	REGIONAL DIRECTOR, LI, METRO NYC	40.00	Highest	$135,621	$439	$136,060

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	$4,597,407	$4,434,370	$5,808,249	$163,037
2024	$3,733,443	$4,533,117	$5,691,178	$-799,674
2023	$4,382,109	$4,345,110	$6,250,678	$36,999
2022	$4,525,124	$3,957,144	$6,402,198	$567,980
2021	$3,867,483	$3,821,262	$6,415,707	$46,221
2020	$3,796,109	$4,155,133	$5,250,287	$-359,024
2019	$3,743,521	$4,137,629	$5,999,200	$-394,108

FRIENDS OF KAREN INC