Friends Fiduciary Corporation

EIN: 231968136 501(c)(3) Public & Societal Benefit

Philadelphia, PA

Total Revenue
$6,638,314
Total Expenses
$6,331,719
Total Assets
$743,271,598
Net Assets
$20,309,054
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
PA
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

Relying on Quaker testimonies and values, Friends Fiduciary provides prudent, cost-effective investment management and philanthropic services for Friends organizations.

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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%)

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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
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
11
Volunteers
22

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
9
$456,386
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
2
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
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
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