FRIENDS MUTUAL HEALTH GROUP

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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

2007

Legal Domicile

Principal Officer

KIRA YOUNG CO FRIENDS UNITED

Phone

7172937840

Tax Period

2024-01-01 to 2024-12-31

FRIENDS MUTUAL HEALTH GROUP, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 11% surplus.

Mission

FRIENDS MUTUAL HEALTH GROUP (FMHG) WAS FOUNDED ON THE PRINCIPLE OF MUTUAL AID PROVIDED TO QUAKER ORGANIZATIONS. FRIENDS MUTUAL HEALTH GROUP IS GUIDED BY THE PRACTICES AND BELIEFS OF THE SOCIETY OF FRIENDS, FOREMOST BEING THE RECOGNITION THAT THERE IS THAT OF GOD IN ALL PEOPLE, AND EXISTS TO PROVIDE ACCESS TO HIGH QUALITY HEALTH CARE AT A REASONABLE COST TO THE EMPLOYEES AND THEIR DEPENDENTS OF ITS MEMBER ORGANIZATIONS WHILE MAINTAINING SOUND BUSINESS PRACTICES. BY DOING SO, FRIENDS MUTUAL HEALTH GROUP SEEKS TO BE THE HEALTH PLAN OF CHOICE FOR ANY QUAKER ORGANIZATION, YEARLY MEETING, MONTHLY MEETING OR FRIENDS CHURCH REGARDLESS OF ITS SIZE.

Program Service Accomplishments

Program 1

Expenses: $2,482,947 Revenue: $3,217,366

MEDICAL, DENTAL , VISION AND PRESCRIPTION CLAIMS

Program 2

Expenses: $710,212

STOP LOSS PREMIUMS RELATED TO CLAIMS, ADMINISTRATIVE CLAIM COSTS

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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 $0

Program Service Revenue $3,217,366

Investment Income $459,660

Other Revenue $0

TOTAL REVENUE $3,677,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,193,159

Other Expenses $796,801

TOTAL EXPENSES $3,279,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,677,026	$3,143,349	+0.2%
Expenses	$3,279,748	$2,582,301	+0.3%
Net Income	$397,278	$561,048	-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

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

$214,379

Total Directors

$1,034,196

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL BURKHOLDER	BOARD MEMBER	1.00	Director	$0	$21,010	$293,843
CHRIS MOHR	BOARD MEMBER	1.00	Director	$0	$40,182	$158,533
MARY JANE SCHEFFLER	BOARD MEMBER	1.00	Director	$0	$8,695	$141,694
LEE MEINICKE	TREASURER	2.00	Officer Director	$0	$14,166	$100,818
TOM DECKER	BOARD MEMBER	1.00	Director	$0	$6,593	$88,331
ASHANTA WASHINGTON	BOARD MEMBER	1.00	Director	$0	$10,715	$77,866
KIRA YOUNG CO FRIENDS UNITED	CLERK/CHAIR	2.00	Officer Director	$0	$10,026	$61,842
JENNIFER NEWMAN	RECORDING SE	2.00	Officer Director	$0	$11,719	$51,719
JOHN NORRIS	BOARD MEMBER	1.00	Director	$0	$0	$40,000
NELSON BINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$19,550
WILLIAM EAGLES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN VOSS	BOARD MEMBER	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	$3,677,026	$3,279,748	$6,872,589	$397,278
2023	$3,143,349	$2,582,301	$6,604,161	$561,048
2022	$2,651,827	$2,405,818	$5,938,193	$246,009
2021	$3,176,976	$3,372,013	$7,309,233	$-195,037
2020	$3,463,145	$2,945,034	$8,067,116	$518,111
2019	$3,369,379	$2,522,226	$7,622,515	$847,153
2018	$6,103,568	$5,614,509	$6,882,909	$489,059