FRIENDS OF THE POOR (EIN 260046876) - 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

2001

Legal Domicile

Principal Officer

MEGHAN LOFTUS

Phone

5703406086

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE POOR, founded in 2001, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MISSION OF FRIENDS OF THE POOR IS TO BRING TOGETHER IN FRIENDSHIP THOSE WHO HAVE THE DESIRE TO GIVE WITH THOSE WHO ARE IN NEED OF ASSISTANCE, IN ORDER TO EASE THE BURDEN OF LIVING IN POVERTY AND ENHANCE THE QUALITY OF LIFE FOR ALL.

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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 $1,405,468

Program Service Revenue $0

Investment Income $53,418

Other Revenue $0

TOTAL REVENUE $1,458,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $892,357

Fundraising Expenses $92,956

Program Expenses $1,508,055

Other Expenses $1,017,310

TOTAL EXPENSES $1,909,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,458,886	$1,558,964	-0.1%
Expenses	$1,909,667	$1,559,981	+0.2%
Net Income	$-450,781	$-1,017	+442.2%

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

900

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

$115,036

Total Directors

$115,036

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN LOFTUS	PRESIDENT & CEO, EX-OFFICI	40.00	Officer Director	$111,185	$3,851	$115,036
KATIE RICHARDSON-ENGLES ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
LEE TERMINI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SEAN MCANDREW	TREASURER	1.00	Officer Director	$0	$0	$0
SISTER MARY KATHLEEN FALISKIE IHM	SECRETARY	1.00	Officer Director	$0	$0	$0
SISTER ELIZABETH DEMERCHANT IHM	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN A ABRAHAMSENJR ESQ	DIRECTOR	1.00	Director	$0	$0	$0
SISTER SUSAN ARMBRUSTER IHM	DIRECTOR, EX-OFFICIO	1.00	Director	$0	$0	$0
TODD POUSLEY	DIRECTOR	1.00	Director	$0	$0	$0
JACOB GILBOY ESQ	DIRECTOR	1.00	Director	$0	$0	$0
KATIE ABRAHAMSEN BORER MS RD LDN	DIRECTOR	1.00	Director	$0	$0	$0
PETER MOYLAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCGOVERN JR ESQ CPA	DIRECTOR	1.00	Director	$0	$0	$0
MARY LYNN O'BELL AUD	DIRECTOR	1.00	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	$1,458,886	$1,909,667	$3,714,713	$-450,781
2023	$1,558,964	$1,559,981	$3,889,981	$-1,017
2022	$1,509,407	$1,268,994	$3,705,281	$240,413
2021	$1,603,187	$909,768	$3,607,991	$693,419

FRIENDS OF THE POOR