FRIENDS LIFE CARE (EIN 232378625) - 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

1985

Legal Domicile

Principal Officer

JOSEPH K CONNER

Phone

2156288964

Tax Period

2024-01-01 to 2024-12-31

FRIENDS LIFE CARE, founded in 1985, is a mid-sized nonprofit in the Human Services sector that reported $13.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $12.1M left a modest 11% surplus.

Mission

CONTINUING CARE AT HOME PLAN FOR MEMBERS WHO ARE 40 - 81 YEARS OF AGE AT THE TIME OF ENROLLMENT.

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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 $11,011,204

Investment Income $2,651,364

Other Revenue $330

TOTAL REVENUE $13,662,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,971,692

Fundraising Expenses $0

Program Expenses $9,185,793

Other Expenses $10,152,844

TOTAL EXPENSES $12,124,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,662,898	$11,488,585	+0.2%
Expenses	$12,124,536	$11,526,912	+0.1%
Net Income	$1,538,362	$-38,327	-41.1%

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

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

$439,555

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA NANGLE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CARRIE ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
GABRIEL EHRI	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES BODINE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOAN COUNTRYMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA BOYCE	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS PENN	BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY ZOOK	BOARD MEMBER (AS OF 11/24)	2.00	Director	$0	$0	$0
SALLY HARRISON	BOARD MEMBER (AS OF 11/24)	2.00	Director	$0	$0	$0
SAM SWANSEN	BOARD MEMBER (UNTIL 9/24)	2.00	Director	$0	$0	$0
SCOTT TOWNSLEY	BOARD MEMBER (UNTIL 9/24)	2.00	Director	$0	$0	$0
JOSEPH K CONNER	PRESIDENT/CEO	9.00	Officer	$0	$43,826	$309,056
KATHRYN A BARTON	CORP CTRL/TREAS/SECY	8.00	Officer	$0	$5,142	$130,499
MARIA BUEHLER	CHIEF MARKETING OFFICER	8.00	Highest	$0	$7,410	$192,651
JOYLYN WILLIAMSON	PLAN COUNSELOR	40.00	Highest	$126,881	$14,322	$141,203
KATHRYN ROBERTS	SENIOR DIRECTOR OF CARE COORDINATION	40.00	Highest	$106,051	$4,242	$110,293

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	$13,662,898	$12,124,536	$14,884,629	$1,538,362
2023	$11,488,585	$11,526,912	$14,597,556	$-38,327
2023	$11,488,585	$11,526,912	$14,597,556	$-38,327
2022	$12,590,808	$12,642,665	$13,654,989	$-51,857
2021	$12,045,716	$11,580,029	$15,917,602	$465,687
2020	$12,800,371	$11,725,610	$14,166,169	$1,074,761
2019	$12,885,929	$13,158,161	$12,669,731	$-272,232
2018	$12,129,169	$12,985,464	$12,059,898	$-856,295

FRIENDS LIFE CARE