FRIENDS OF THE THIRD WORLD INC (EIN 237183804) - 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

1972

Legal Domicile

Principal Officer

JAMES F GOETSCH

Phone

2604226821

Tax Period

2023-09-01 to 2024-08-31

FRIENDS OF THE THIRD WORLD INC, founded in 1972, is a small nonprofit in the International Affairs sector that reported $187K in total revenue in fiscal year 2023. Net assets of $578K represent 37 months of operating reserves.

Mission

to encourage voluntary action to alleviate poverty thru partnerships with like-minded organizations, and to encourage self-reliance for low-income artisans and farmers through training and technical assistance.

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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 (2023)

Revenue Breakdown

Contributions & Grants $110,009

Program Service Revenue $34,496

Investment Income $2,464

Other Revenue $40,457

TOTAL REVENUE $187,426

Expense Breakdown

Grants Paid $64,346

Salaries & Benefits $17,913

Fundraising Expenses $1,960

Program Expenses $170,825

Other Expenses $100,017

TOTAL EXPENSES $182,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,426	$189,828	0.0%
Expenses	$182,276	$187,348	0.0%
Net Income	$5,150	$2,480	+1.1%

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

100

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

$6,400

Total Directors

$2,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES F GOETSCH	PRESIDENT/ADMINISTRATIVE COORDINATOR	60	Officer	$3,200	$0	$3,200
MARIAN R WALTZ	TREASURER	50	Officer	$3,200	$0	$3,200
TERRY DORAN	DIRECTOR/PROJECT COORDINATOR	15.00	Director	$1,200	$0	$1,200
PATTY HUNTER	DIRECTOR	15.00	Director	$1,000	$0	$1,000
MELODY SOELLINGER	DIRECTOR	10	Director	$240	$0	$240
DONNA CONKLIN	DIRECTOR	4	Director	$0	$0	$0
DOLORES IRWIN	DIRECTOR/PROJECT COORDINATOR	4	Director	$0	$0	$0
BETSY KACHMAR	DIRECTOR	4	Director	$0	$0	$0
DAVID LAISURE	INDIVIDUAL DIRECTOR	2	Director	$0	$0	$0
ANDROMEDA MOREAUX	INDIVIDUAL DIRECTOR	2	Director	$0	$0	$0
ABBY NORDEN	INDIVIDUAL DIRECTOR	2	Director	$0	$0	$0
BETH SILKWORTH	SECRETARY	2	Officer	$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	$187,426	$182,276	$615,037	$5,150
2023	$189,828	$187,348	$613,168	$2,480
2022	$213,650	$202,580	$613,503	$11,070
2021	$203,503	$223,178	$606,972	$-19,675

FRIENDS OF THE THIRD WORLD INC