Friends Fiduciary Corporation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

ETHAN BIRCHARD

Phone

2152417272

Tax Period

2024-01-01 to 2024-12-31

Friends Fiduciary Corporation, founded in 1975, is a community nonprofit in the Public & Societal Benefit sector that reported $6.6M in total revenue in fiscal year 2024. Expenses of $6.3M left a modest 5% surplus.

Mission

WITHIN THE RELIGIOUS SOCIETY OF FRIENDS ARE MANY ORGANIZATIONS REQUIRING FINANCIAL SERVICES TO SUPPORT THEIR WORK. AMONG THESE ORGANIZATIONS ARE FRIENDS MEETINGS, CHURCHES, SCHOOLS, RETIREMENT COMMUNITIES AND OTHER NON-PROFIT FRIENDS GROUPS WHOSE PURPOSE IS TO ADVANCE SOME ASPECT OF THE WORK AND FAITH OF THE RELIGIOUS SOCIETY OF FRIENDS. FRIENDS FIDUCIARY CORPORATION WAS CREATED TO MEET THIS NEED. MORE SPECIFICALLY, THE PURPOSES OF FRIENDS FIDUCIARY CORPORATION ARE TO PROVIDE QUAKER VALUES ALIGNED INVESTMENT MANAGEMENT, FIDUCIARY AND CHARITABLE GIVING SERVICES FOR TAX-EXEMPT QUAKER ORGANIZATIONS. INVESTMENTS ARE MADE ACCORDING TO OUR QUAKER VALUES ALIGNED INVESTMENT CRITERIA, GUIDED BY FRIENDS TESTIMONIES AND VALUES.

Program Service Accomplishments

Program 1

Expenses: $3,964,588 Revenue: $4,573,145

INVESTMENT MANAGEMENT SERVICES: FRIENDS FIDUCIARY CORPORATION PROVIDES PRUDENT, COST EFFECTIVE, INSTITUTIONAL INVESTMENT SERVICES FOR OVER 460 FRIENDS MEETINGS, CHURCHES, SCHOOLS AND ORGANIZATIONS...

INVESTMENT MANAGEMENT SERVICES: FRIENDS FIDUCIARY CORPORATION PROVIDES PRUDENT, COST EFFECTIVE, INSTITUTIONAL INVESTMENT SERVICES FOR OVER 460 FRIENDS MEETINGS, CHURCHES, SCHOOLS AND ORGANIZATIONS. OUR SOCIALLY RESPONSIBLE INVESTMENT ACTIVITIES INCLUDE SCREENING COMPANIES, ACTIVE VOTING OF PROXIES AND SHAREHOLDER ADVOCACY, SUCH AS SHAREHOLDER RESOLUTIONS AND COMPANY DIALOGUES - ALL GUIDED BY OUR QUAKER TESTIMONIES, VALUES AND CONCERNS.

Program 2

Expenses: $1,580,032 Revenue: $232,393

GRANTMAKING: FRIENDS FIDUCIARY CORPORATION SERVES AS FIDUCIARY/TRUSTEE FOR OVER 100 FUNDS RECEIVED UNDER WILL OR GIFT AGREEMENT. THESE FUNDS MAY BENEFIT SPECIFIC FRIENDS ORGANIZATIONS OR BE AVAILABLE FOR GRANTS TO FURTHER THE WORK OF FRIENDS. IN 2024, OVER 120 GRANTS WERE MADE TO CHARITIES. THESE GRANTS SUPPORTED THE WORK OF FRIENDS SCHOOLS, RETIREMENT COMMUNITIES, MEETINGS, AND OTHER CHARITABLE PURPOSES OF CONCERN TO THE RELIGIOUS SOCIETY OF FRIENDS.

Program 3

Expenses: $458,597 Revenue: $301,336

PLANNED GIVING: FRIENDS FIDUCIARY CORPORATION PROVIDES PLANNED GIVING ADMINISTRATIVE SERVICES. FRIENDS FIDUCIARY CORPORATION HAS ISSUED APPROXIMATELY 500 CHARITABLE GIFT ANNUITIES TO BENEFIT THE WORK OF QUAKER ORGANIZATIONS WITHIN THE RELIGIOUS SOCIETY OF FRIENDS AND THE CONCERNS OF ITS MEMBERS. IN 2024, GIFTS TOTALING APPROXIMATELY $2.2 Million WERE RECEIVED TO ESTABLISH CHARITABLE GIFT ANNUITIES, WHICH WILL EVENTUALLY BENEFIT A VARIETY OF QUAKER ORGANIZATIONS WORKING IN AREAS OF EDUCATION, PEACE, SOCIAL JUSTICE AND OTHER CHARITABLE PURPOSES OF IMPORTANCE TO FRIENDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $606,453

Program Service Revenue $5,106,874

Investment Income $892,963

Other Revenue $32,024

TOTAL REVENUE $6,638,314

Expense Breakdown

Grants Paid $1,209,007

Salaries & Benefits $1,500,818

Fundraising Expenses $0

Program Expenses $6,003,217

Other Expenses $3,621,894

TOTAL EXPENSES $6,331,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,638,314	$6,371,357	+0.0%
Expenses	$6,331,719	$5,756,864	+0.1%
Net Income	$306,595	$614,493	-0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$456,386

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KENT	CHIEF INVESTMENT OFFICER	40.0	Highest	$190,482	$11,443	$201,925
ESTON GRIFFIN	DIR OF BUS DEV & CONSTIUENT RE	40.0	Highest	$182,558	$12,479	$195,037
ETHAN BIRCHARD	EXECUTIVE DIRECTOR EFF 4/24	40.0	Officer	$187,419	$7,404	$194,823
SANDY QUINN	CONTROLLER	40.0	Officer	$155,671	$20,203	$175,874
JEFFERY W PERKINS	EXECUTIVE DIRECTOR TERM 3/24	40.0	Officer	$80,605	$5,084	$85,689
BENNETT LOMAX	DIR EFF 10/24; CHAIR TERM 9/24	10.0	Officer Director	$0	$0	$0
CHRISTIE DUNCAN-TESSMER	CHAIR EF 10/24;V-CHAIR TM 9/24	10.0	Officer Director	$0	$0	$0
STANLEY PELLI	VICE CHAIR	6.0	Officer Director	$0	$0	$0
CHRISTINA REPOLEY	SEC EFF 12/24; DIR TERM 12/24	6.0	Officer Director	$0	$0	$0
JOAN COUNTRYMAN	SECRETARY TERM 12/24	2.0	Officer Director	$0	$0	$0
BRUCE BEATON	TREASURER	2.0	Officer Director	$0	$0	$0
BETH HENRICKS	DIRECTOR	2.0	Director	$0	$0	$0
CARL BUTLER	DIRECTOR	2.0	Director	$0	$0	$0
DANIEL ISAACS	DIRECTOR	2.0	Director	$0	$0	$0
DOUG COSTA	DIRECTOR	2.0	Director	$0	$0	$0
ELIZABETH WIDDICOMBE	DIRECTOR	2.0	Director	$0	$0	$0
JOHN HELDING	DIRECTOR	2.0	Director	$0	$0	$0
JONATHAN BROWN	DIRECTOR EFF 9/24	2.0	Director	$0	$0	$0
MARGARET PLANK	DIRECTOR EFF 9/24	2.0	Director	$0	$0	$0
MARK MYERS	DIRECTOR	2.0	Director	$0	$0	$0
MICHAEL HOMANS	DIRECTOR EFF 9/24	2.0	Director	$0	$0	$0
ROBERT HAYDEN JR	DIRECTOR	2.0	Director	$0	$0	$0
TAKASHI MORIUCHI	DIRECTOR	2.0	Director	$0	$0	$0
TERRY NANCE	DIRECTOR	2.0	Director	$0	$0	$0
TOM WRIGHT	DIRECTOR	2.0	Director	$0	$0	$0
TOMMY WRENN	DIRECTOR	2.0	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	No data	No data	No data	No data
2024	$6,638,314	$6,331,719	$743,271,598	$306,595
2023	$6,371,357	$5,756,864	$693,159,751	$614,493
2022	$5,423,969	$5,414,376	$617,125,539	$9,593
2021	$5,444,683	$5,622,255	$693,443,242	$-177,572
2020	$5,242,346	$5,265,288	$597,472,622	$-22,942
2019	$4,597,969	$4,248,439	$528,552,513	$349,530
2018	$5,290,527	$3,896,610	$431,029,067	$1,393,917