FRIENDSHIP NEW VISION INC (EIN 141849727) - 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

2003

Legal Domicile

Principal Officer

Patricia Sloan

Tax Period

2023-01-01 to 2023-12-31

FRIENDSHIP NEW VISION INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $494K in total revenue in fiscal year 2023. Expenses of $627K exceeded revenue, resulting in a 27% operating deficit.

Mission

The mission of the Organization shall be to promote the public welfare within the community by launching programs which are designed to eliminate problems in comm

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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 $492,322

Program Service Revenue $0

Investment Income $1,992

Other Revenue $0

TOTAL REVENUE $494,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,898

Fundraising Expenses $0

Program Expenses $424,705

Other Expenses $193,841

TOTAL EXPENSES $626,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,314	$478,085	+0.0%
Expenses	$626,739	$524,739	+0.2%
Net Income	$-132,425	$-46,654	+1.8%

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

$43,265

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Johari Brown	President	4	Officer Director	$0	$0	$0
Denise Haynes	Member	2	Director	$0	$0	$0
Ebony Hicks	Member	2	Director	$0	$0	$0
Clarissa Smith	Treasurer	4	Officer Director	$0	$0	$0
Alexander Cart	Secretary	4	Officer Director	$0	$0	$0
Johnette Brook	Member	2	Director	$0	$0	$0
Carteer Thomas	V President	3	Officer Director	$0	$0	$0
Patricia Sloan	Executive Dire	40	Key Emp	$43,265	$0	$43,265

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
2023	$494,314	$626,739	$347,946	$-132,425
2022	$478,085	$524,739	$476,832	$-46,654
2019	$539,119	$587,230	$320,101	$-48,111
2018	$498,686	$639,188	$364,373	$-140,502

FRIENDSHIP NEW VISION INC