FRIENDS OF ASSIST (EIN 262797733) - 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

2008

Legal Domicile

Principal Officer

SHARON CLEMENT

Phone

3377887551

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF ASSIST, founded in 2008, is a small nonprofit in the Human Services sector that reported $609K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $255K, a strong 42% operating margin.

Mission

THE ORGANIZATION PROVIDES DAYCARE SERVICES FOR LOW INCOME FAMILIES THROUGH STATE SPONSORED PROGRAMS.

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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 $103,112

Program Service Revenue $466,170

Investment Income $0

Other Revenue $40,000

TOTAL REVENUE $609,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,591

Fundraising Expenses $0

Program Expenses $345,100

Other Expenses $101,689

TOTAL EXPENSES $354,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$609,282	$655,645	-0.1%
Expenses	$354,280	$328,708	+0.1%
Net Income	$255,002	$326,937	-0.2%

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

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
WHITNEY FREEMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARI HEBERT	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
BRIAN MOUTON	SECRETARY	0.00	Officer Director	$0	$0	$0
KATIE JOLIVETTE	TREASURER	0.00	Officer Director	$0	$0	$0
MIKE KLOESEL	PARLIAMENTARIAN	0.00	Officer Director	$0	$0	$0
GLENDA WOODS	CHAPLIN	0.00	Officer Director	$0	$0	$0
EMILY STOMA	BOARD MEMBER	0.00	Director	$0	$0	$0
RUBY GANT	BOARD MEMBER	0.00	Director	$0	$0	$0
LEE JOHN III	BOARD MEMBER	0.00	Director	$0	$0	$0
HARRIET LAWDINS	BOARD MEMBER	0.00	Director	$0	$0	$0
PEGGY KEYS	BOARD MEMBER	0.00	Director	$0	$0	$0
ROSSLINE POTIER	BOARD MEMBER	0.00	Director	$0	$0	$0
ALTON ALLEN	BOARD MEMBER	0.00	Director	$0	$0	$0
JACK GUPTA	BOARD MEMBER	0.00	Director	$0	$0	$0
DIANNE GRANGER	BOARD MEMBER	0.00	Director	$0	$0	$0
ANITA LEVY	BOARD MEMBER	0.00	Director	$0	$0	$0
EDWIN RAY	BOARD MEMBER	0.00	Director	$0	$0	$0
MARCELLO DAVIS	BOARD MEMBER	0.00	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	No data	No data	No data	No data
2023	$609,282	$354,280	$884,958	$255,002
2022	$655,645	$328,708	$717,714	$326,937
2021	$612,713	$277,889	$435,541	$334,824
2020	$273,318	$181,394	$114,140	$91,924
2019	$204,411	$189,124	$17,534	$15,287
2018	$168,975	$219,087	$2,247	$-50,112

FRIENDS OF ASSIST