FRIENDS OF THE MARKET 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

2005

Legal Domicile

Principal Officer

CATHERINE S JONES

Phone

2058022100

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE MARKET INC, founded in 2005, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $176K in total revenue in fiscal year 2025. Revenue surged 69% from the prior year, signaling strong growth momentum.

Mission

SUPPORT ALABAMA FARMERS AND SMALL BUSINESSES, ENSURING THAT EVERYONE IN THE COMMUNITY HAS ACCESS TO FRESH, HEALTHY FOOD AND KEEP SATURDAY MORNINGS ALIVE WITH FRIENDS, FOOD, AND MUSIC IN DOWNTOWN BIRMINGHAM.

Program Service Accomplishments

Program 1

Expenses: $166,293 Revenue: $6,374

SPONSOR THE CELEBRATE TRAILS DAY IN CONJUNCTION WITH RAILS TO TRAILS CONSERVANCY.

Program 2

Expenses: $2,087

REIMBURSE FARMERS FOR DOUBLE UP BUCKS FOOD COUPONS USED TO BUY PRODUCE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $169,186

Program Service Revenue $0

Investment Income $0

Other Revenue $6,374

TOTAL REVENUE $175,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,380

Other Expenses $183,136

TOTAL EXPENSES $183,136

Year-over-Year Comparison

	2025	2024	Change
Revenue	$175,560	$103,972	+0.7%
Expenses	$183,136	$86,754	+1.1%
Net Income	$-7,576	$17,218	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE SLOSS JONES	BOARD CHAIR EMERITUS	1.50	Officer Director	$0	$0	$0
VALERIE THOMAS	PRESIDENT	1.50	Officer Director	$0	$0	$0
FRANK STITT	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
ALLISON SAVELA	TREASURER	1.50	Officer Director	$0	$0	$0
JOHN STEINER	SECRETARY	1.50	Officer Director	$0	$0	$0
RITA MEANS	DIRECTOR	1.50	Director	$0	$0	$0
CHERYL MORGAN	DIRECTOR	1.50	Director	$0	$0	$0
ARLIE POWELL	DIRECTOR	1.50	Director	$0	$0	$0
JASON POWELL	DIRECTOR	1.50	Director	$0	$0	$0
FRANKLIN BIGGS	DIRECTOR	1.50	Director	$0	$0	$0
BECKY SMITH	DIRECTOR	1.50	Director	$0	$0	$0
CORY STALLWORTH	DIRECTOR	1.50	Director	$0	$0	$0
KATHERINE DAVIS	DIRECTOR	1.50	Director	$0	$0	$0
ROSCOE HALL	DIRECTOR	1.50	Director	$0	$0	$0
PARDIS STITT	DIRECTOR	1.50	Director	$0	$0	$0
HOLLY TERRELL	DIRECTOR	1.50	Director	$0	$0	$0
RAHUL THADANI	DIRECTOR	1.50	Director	$0	$0	$0
ROBERT WALTHALL	DIRECTOR	1.50	Director	$0	$0	$0
LEILA WATSON	DIRECTOR	1.50	Director	$0	$0	$0
JEREMY RASBERRY	DIRECTOR	1.50	Director	$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	$175,560	$183,136	$56,706	$-7,576