THE FRIENDSHIP CIRCLE 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

2003

Legal Domicile

Phone

7325362319

Tax Period

2023-01-01 to 2023-12-31

THE FRIENDSHIP CIRCLE INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $383K in total revenue in fiscal year 2023.

Mission

THE FRIENDSHIP CIRCLE IS A UNIQUE ORGANIZATION WITH A REFRESHING APPROACH TO HELPING FAMILIES OF CHILDREN WITH SPECIAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $260,616

MISCELLANEOUS PROGRAMS INCLUDING SUNDAY PROGRAMS, EVENING OF FRIENDSHIP, LOAVES OF LOVE, WINTER CAMP AND SPORTS & SWIM. THE PURPOSE OF THESE PROGRAMS IS TO PROVIDE OPPORTUNITIES FOR YOUNGSTERS OF...

MISCELLANEOUS PROGRAMS INCLUDING SUNDAY PROGRAMS, EVENING OF FRIENDSHIP, LOAVES OF LOVE, WINTER CAMP AND SPORTS & SWIM. THE PURPOSE OF THESE PROGRAMS IS TO PROVIDE OPPORTUNITIES FOR YOUNGSTERS OF VARIOUS AGE GROUPS TO EXPERIENCE CULTURAL, SOCIAL AND SPORTING EVENTS AND TO WORK WITH CHILDREN WHO HAVE SPECIAL NEEDS.

Program 2

Expenses: $33,965

WALK4FRIENDSHIP IS AN ANNUAL VEHICLE FOR VOLUNTEERS, FAMILIES AND FRIENDS OF FRIENDSHIP CIRCLE TO SHOW THEIR APPRECIATION AND SUPPORT THROUGH AN EXCITING FUNDRAISING OPPORTUNITY. THIS FUN-FILLED...

WALK4FRIENDSHIP IS AN ANNUAL VEHICLE FOR VOLUNTEERS, FAMILIES AND FRIENDS OF FRIENDSHIP CIRCLE TO SHOW THEIR APPRECIATION AND SUPPORT THROUGH AN EXCITING FUNDRAISING OPPORTUNITY. THIS FUN-FILLED EVENT IS ATTENDED BY A BROAD CROSS-SECTION OF PEOPLE WHO COME TOGETHER TO DEMONSTRATE THEIR SOLIDARITY AND SUPPORT. MANY MEN, WOMEN AND CHILDREN CAME OUT FOR WALK4FRIENDSHIP TO HELP RAISE MONEY AND COMMUNITY AWARENESS FOR THE VITAL PROGRAMS OF THE FRIENDSHIP CIRCLE.

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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 $375,610

Program Service Revenue $264

Investment Income $6,636

Other Revenue $0

TOTAL REVENUE $382,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,940

Fundraising Expenses $0

Program Expenses $294,581

Other Expenses $175,192

TOTAL EXPENSES $412,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,510	$369,083	+0.0%
Expenses	$412,132	$361,474	+0.1%
Net Income	$-29,622	$7,609	-4.9%

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

N/A

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
TOVA CHAZANOW	Director	0.00	Director	$0	$0	$0
LAURIE LANDY	Director	5.00	Director	$0	$0	$0
NANCY HALPERT	Director	3.00	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
2024	No data	No data	No data	No data
2023	$382,510	$412,132	$107,447	$-29,622
2022	$369,083	$361,474	$139,103	$7,609
2021	$305,241	$245,488	$202,936	$59,753
2021	$305,241	$286,634	$140,170	$18,607
2020	$273,980	$253,802	$132,111	$20,178
2019	$348,672	$332,449	$104,197	$16,223
2018	$285,060	$311,587	$79,014	$-26,527