FRIENDSHIP WEST FAITH FORMULA (EIN 204559690) - 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

2006

Legal Domicile

Principal Officer

DR FREDERICK D HAYNES III

Phone

9722285200

Tax Period

2024-10-01 to 2025-09-30

FRIENDSHIP WEST FAITH FORMULA, founded in 2006, is a small nonprofit in the Religion sector that reported $708K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $620K left a modest 12% surplus.

Mission

TO PROVIDE SERVICES TO THOSE WHO ARE IN NEED WHILE ASSESSING THEIR SOCIAL AND HUMAN NECESSITIES FOR EMPOWERMENT TOWARD SELF-IMPROVEMENT AND TRANSFORMATION OF THEIR CURRENT CONDITION. THE ORGANIZATION MEETS THE NEEDS OF INDIVIDUALS AND FAMILIES BY PROVIDING GROCERIES, CLOTHING, ASSISTANCE WITH UTILITY BILLS, RENTAL AND MORTGAGE PAYMENTS.

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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 $708,225

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $708,236

Expense Breakdown

Grants Paid $82,543

Salaries & Benefits $363,685

Fundraising Expenses $0

Program Expenses $594,243

Other Expenses $173,972

TOTAL EXPENSES $620,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$708,236	$551,093	+0.3%
Expenses	$620,200	$554,229	+0.1%
Net Income	$88,036	$-3,136	-29.1%

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

100

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLORA GRAY-WEBB	HUM DEV COOR	40.00	Officer	$65,000	$0	$65,000
VETA HOLT	COO/TREASURER	5.00	Officer Director	$0	$0	$0
DR DAVID MCGRUDER	Executive Dir.	15.00	Officer Director	$0	$0	$0
DR FREDERICK D HAYNES III	President	5.00	Officer Director	$0	$0	$0
WAYLON WALLACE	Director	1.00	Director	$0	$0	$0
ARTHUR GILLUM	Director	1.00	Director	$0	$0	$0
HAROLD MORRISON	Director	1.00	Director	$0	$0	$0
DANIELLE AYERS	Director	1.00	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
2025	$708,236	$620,200	$96,778	$88,036
2024	$551,093	$554,229	$17,941	$-3,136
2021	$861,787	$556,228	$296,404	$305,559
2020	$337,818	$348,885	$2,304	$-11,067
2019	No data	No data	$17,162	No data

FRIENDSHIP WEST FAITH FORMULA