Faithful Friends (EIN 205602907) - 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

RHONA MAHL

Phone

5034899223

Tax Period

2023-09-01 to 2024-08-31

Faithful Friends, founded in 2006, is a small nonprofit that reported $331K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $431K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE MISSION OF FAITHFUL FRIENDS IS TO CULTIVATE MENTOR RELATIONSHIPS THAT INSPIRE GROWTH, RESILIENCE AND HOPE. WE PARTNER WITH THE LOCAL CHURCH TO FIND VOLUNTEER MENTORS AND WITH SCHOOLS AND COMMUNITY ORGANIZATIONS TO IDENTIFY KIDS AGES 6-9 IN NEED OF A FAITHFUL ADULT FRIEND.

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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 $356,147

Program Service Revenue $0

Investment Income $1,516

Other Revenue $-27,124

TOTAL REVENUE $330,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,642

Fundraising Expenses $55,526

Program Expenses $312,422

Other Expenses $61,054

TOTAL EXPENSES $430,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,539	$268,120	+0.2%
Expenses	$430,696	$405,127	+0.1%
Net Income	$-100,157	$-137,007	-0.3%

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

$134,542

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM COWLEY	INTERIM EXC DIR	40.00	Officer	$54,791	$0	$54,791
AL NODARSE	Executive Dir.	40.00	Officer	$38,904	$8,155	$47,059
ANNE MARIE LOWE	PAST EXC DIR	40.00	Officer	$32,692	$0	$32,692
MAX MILLER	CHAIR	1.00	Officer Director	$0	$0	$0
ERIC GABRIELSON	VICE CHAIR	1.00	Director	$0	$0	$0
DAVE ADAMS CPA	Director	1.00	Director	$0	$0	$0
TANYA WILLIAMSON	Director	1.00	Director	$0	$0	$0
DUNCAN CAMPBELL	Director	1.00	Director	$0	$0	$0
CAROL WARNEKE	Director	1.00	Director	$0	$0	$0
JOHN C HUGHES	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
2024	$330,539	$430,696	$52,140	$-100,157
2022	$298,073	$365,609	$287,137	$-67,536
2021	$329,516	$321,165	$388,865	$8,351
2020	$329,286	$294,584	$376,666	$34,702

Faithful Friends