THE WATSON INSTITUTE FRIENDSHIP ACADEMY (EIN 256012886) - 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

1966

Legal Domicile

Principal Officer

RONALD F FLANDERS

Phone

4127492871

Tax Period

2024-07-01 to 2025-06-30

THE WATSON INSTITUTE FRIENDSHIP ACADEMY, founded in 1966, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2024. Expenses of $11.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

AN APPROVED PRIVATE SCHOOL AND PARTIAL HOSPITAL PROGRAM FOR STUDENTS IN K-12 WITH SERIOUS EMOTIONAL CHALLENGES.

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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 $9,283,214

Investment Income $0

Other Revenue $581,785

TOTAL REVENUE $9,864,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,247,607

Fundraising Expenses $0

Program Expenses $9,994,022

Other Expenses $2,955,196

TOTAL EXPENSES $11,202,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,864,999	$10,194,262	0.0%
Expenses	$11,202,803	$10,469,066	+0.1%
Net Income	$-1,337,804	$-274,804	+3.9%

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

$1,332,403

Total Directors

$634,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY BOHN	CEO/ASST SECRETARY	8.00	Officer Director	$0	$24,673	$469,628
MARK HALE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARILYN HOYSON	VICE CHAIR/FORMER COO - DEF COMP PMT	1.00	Officer Director	$0	$0	$164,872
JOHN SCHMITT	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL A ANGERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFREY S FLICK	TRUSTEE	1.00	Director	$0	$0	$0
A JAY GROSS PHD	TRUSTEE	1.00	Director	$0	$0	$0
C ERIC HUSS	TRUSTEE	1.00	Director	$0	$0	$0
LYNN IEZZI	TRUSTEE	1.00	Director	$0	$0	$0
TODD R JANSMA	TRUSTEE	1.00	Director	$0	$0	$0
LOUISE KACZMAREK PHD	TRUSTEE	1.00	Director	$0	$0	$0
J ERIC RENNER	TRUSTEE	1.00	Director	$0	$0	$0
HARTON S SEMPLE III	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT W THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES E THORNE	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE MEYER PHD	TRUSTEE	1.00	Director	$0	$0	$0
BHAVANI SUBRAMANI	TRUSTEE	1.00	Director	$0	$0	$0
MARCIA LAUS	COO	11.00	Officer	$0	$18,475	$195,032
MELISSA PAINTER	CHIEF HUMAN RESOURCE OFFIC	19.00	Officer	$0	$9,292	$236,415
RONALD FLANDERS	CFO	11.00	Officer	$0	$35,491	$266,456
ALEXANDRA WILKES	PROGRAM DIRECTOR	27.00	Highest	$154,525	$30,090	$184,615
VICTORIA DANIELS	PROGRAM SUPERVISOR	27.00	Highest	$108,588	$14,129	$122,717

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	$9,864,999	$11,202,803	$13,905,006	$-1,337,804
2024	$10,194,262	$10,469,066	$15,256,336	$-274,804
2023	$9,183,505	$9,402,643	$15,508,304	$-219,138
2022	$9,427,672	$8,631,175	$15,531,302	$796,497
2021	$9,266,356	$8,655,499	$13,937,811	$610,857
2020	$8,535,277	$8,408,075	$13,200,488	$127,202
2019	$8,094,103	$8,366,584	$12,860,632	$-272,481
2018	$8,499,944	$8,297,919	$13,633,718	$202,025

THE WATSON INSTITUTE FRIENDSHIP ACADEMY