Old Friends Inc (EIN 200049798) - 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

2005

Legal Domicile

Principal Officer

John Nicholson

Phone

5028631775

Tax Period

2024-01-01 to 2024-12-31

Old Friends Inc, founded in 2005, is a community nonprofit in the Animal-Related sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 8% surplus.

Mission

To care for and protect retired racing thoroughbreds.

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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 $3,148,256

Program Service Revenue $700,190

Investment Income $60,392

Other Revenue $43,580

TOTAL REVENUE $3,952,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $425,256

Fundraising Expenses $0

Program Expenses $3,039,816

Other Expenses $3,203,045

TOTAL EXPENSES $3,628,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,952,418	$3,641,088	+0.1%
Expenses	$3,628,301	$3,240,372	+0.1%
Net Income	$324,117	$400,716	-0.2%

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

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

$195,836

Total Directors

$128,316

Key Employees

$163,250

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Nicholson	President & CEO	40.00	Officer Key Emp Highest	$115,385	$0	$115,385
William Van den Dool	VP/Board Member	40.00	Officer Director	$41,500	$0	$41,500
Cynthia Grisolia	Chairman	40.00	Officer Director	$0	$0	$0
Barbara Fossum	Secy/Board Member	40.00	Officer Director	$38,951	$0	$38,951
Pat Riley	Treasurer/Board Member	1.00	Director	$0	$0	$0
Jill Baffert	Board Member	1.00	Director	$0	$0	$0
Peggy Gdovka	Board Member	1.00	Director	$0	$0	$0
Suzanne Mundy	Board Member	1.00	Director	$0	$0	$0
Corey Johnsen	Board Member	1.00	Director	$0	$0	$0
Mark Simon	Board Member	1.00	Director	$0	$0	$0
Clark Nyberg	Board Member	1.00	Director	$0	$0	$0
Ron Portell	Board Member	1.00	Director	$0	$0	$0
Ron Wallace	Board Member	1.00	Director	$0	$0	$0
Diane White	Board Member	1.00	Director	$0	$0	$0
Dr Bryan Waldridge	Board Member	1.00	Director	$0	$0	$0
Michael Blowen	Board Member/Founder	1.00	Director Key Emp	$47,865	$0	$47,865

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	$3,952,418	$3,628,301	$9,010,136	$324,117
2023	$3,641,088	$3,240,372	$5,393,517	$400,716
2022	$2,822,819	$2,569,911	$5,139,795	$252,908
2021	$2,968,063	$2,289,850	$5,076,861	$678,213
2020	$2,075,597	$1,998,632	$4,982,047	$76,965
2019	$2,473,416	$1,847,909	$4,995,382	$625,507
2018	$2,068,853	$1,974,465	$4,699,448	$94,388

Old Friends Inc