FRIENDS OF GRADED FOUNDATION

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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

1968

Legal Domicile

Principal Officer

HERMINA MERKEL

Phone

2126611630

Tax Period

2022-08-01 to 2023-07-31

FRIENDS OF GRADED FOUNDATION, founded in 1968, is a small nonprofit that reported $281K in total revenue in fiscal year 2022. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $396K exceeded revenue, resulting in a 41% operating deficit.

Mission

The Foundation provided grants to schools and organizations that support its mission.

Program Service Accomplishments

Program 1

Expenses: $382,351 Revenue: $51,312

The Organization provided funding for the Graded Campus Project and other school-related expenses.

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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 (2022)

Revenue Breakdown

Contributions & Grants $51,312

Program Service Revenue $0

Investment Income $229,780

Other Revenue $0

TOTAL REVENUE $281,092

Expense Breakdown

Grants Paid $381,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $382,351

Other Expenses $14,058

TOTAL EXPENSES $395,558

Year-over-Year Comparison

	2022	2021	Change
Revenue	$281,092	$172,386	+0.6%
Expenses	$395,558	$12,978	+29.5%
Net Income	$-114,466	$159,408	-1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERMINA MERKEL	PRESIDENT	0.50	Officer Director	$0	$0	$0
STEPHEN GRAHAM	TREASURER	0.50	Officer Director	$0	$0	$0
THOMAS G GRAHAM	SECRETARY	0.50	Officer 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
2023	$281,092	$395,558	$174,475	$-114,466