FRIENDSHIP CIRCLE

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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

Phone

3102800955

Tax Period

2023-01-01 to 2023-12-31

FRIENDSHIP CIRCLE, founded in 2005, is a community nonprofit in the Youth Development sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum.

Mission

To provide assistance and support to the families of children with special needs.

Program Service Accomplishments

Program 1

Expenses: $1,681,693 Revenue: $2,166,629

The organization provides friends and companions for children with special needs and to teach compassion and inclusion to children in a general educational environment. Teenage volunteers visit the children at home once a week. The child gains a special friend while the parents are given a much needed respite.

Program 2

ONE OF THE ORGANIZATION'S CORE MISSIONS IS TO ENRICH, INSPIRE AND MOTIVATE TEENS TOSHARE OF THEMSELVES WITH CHILDREN AND TEENS WHO HAVE VARIOUS DISABILITIES. CURRENTLY, 425 VOLUNTEERS (ABOUT 85% OF THEM ARE TEENS) DONATE THEIR TIME AND ENERGIES TO THIS CAUSE. THESE VOLUNTEERS COLLECTIVELY SPEND ABOUT 10,000 HOURS A YEAR WITH THE CHILDREN. EVALUATED AT $10 PER HOUR, THIS COMPUTES TO A VALUE OF $131,000 ANNUALLY.

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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 $2,141,572

Program Service Revenue $25,057

Investment Income $42

Other Revenue $-22,807

TOTAL REVENUE $2,143,864

Expense Breakdown

Grants Paid $22,901

Salaries & Benefits $1,034,704

Fundraising Expenses $155,705

Program Expenses $1,681,693

Other Expenses $1,129,865

TOTAL EXPENSES $2,187,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,143,864	$1,288,870	+0.7%
Expenses	$2,187,470	$1,612,686	+0.4%
Net Income	$-43,606	$-323,816	-0.9%

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

Employees

Volunteers

425

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

$296,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J RAV-NOY	President	40.00	Officer	$100,750	$91,500	$192,250
NECHAMA SEREBRYANSKI	PROG COORDINATOR	40.00		$117,500	$0	$117,500
MIRIAM RAV-NOY	PROG DIRECTOR	30.00	Officer	$103,250	$500	$103,750
ISABEL GEMARA-DICKER	PROG COORDINATOR	40.00		$100,235	$0	$100,235
NETTIE LERNER	Director	0.00	Director	$0	$0	$0
ARI MARK	Director	0.00	Director	$0	$0	$0
Ariel Haratz	Director	0.00	Director	$0	$0	$0
HERTZEL PEER	Secretary	0.00	Officer	$0	$0	$0
BRUCE SOBOL	Treasurer	0.00	Officer	$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	$2,143,864	$2,187,470	$1,663,946	$-43,606
2022	$1,288,870	$1,612,686	$1,713,659	$-323,816
2021	$1,276,053	$1,415,344	$2,029,185	$-139,291
2020	$1,151,221	$1,072,732	$1,806,227	$78,489
2019	$1,013,831	$1,042,657	$1,588,709	$-28,826
2018	$1,008,760	$1,151,102	$1,621,421	$-142,342