FRIENDS OF RECOVERY NEW YORK (EIN 262836899) - 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

2010

Legal Domicile

Principal Officer

DR ANGELIA SMITH-WILSON

Phone

5184874395

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF RECOVERY NEW YORK, founded in 2010, is a community nonprofit in the Mental Health sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 4% surplus.

Mission

FRIENDS OF RECOVERY NEW YORK BELIEVES THAT RECOVERY IS POSSIBLE FOR EVERYONE, THAT EVERYONE ACHIEVES RECOVERY IN HIS OR HER OWN WAY, ADEQUATE RESOURCES AND SUPPORT ARE NECESSARY FOR SUSTAINED RECOVERY, AND RECOVERY IS ABOUT RECLAIMING A MEANINGFUL LIFE AND ROLE IN SOCIETY.

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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 $2,738,494

Program Service Revenue $237,439

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,975,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,124,164

Fundraising Expenses $0

Program Expenses $2,515,481

Other Expenses $1,724,787

TOTAL EXPENSES $2,848,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,975,933	$1,940,259	+0.5%
Expenses	$2,848,951	$1,846,167	+0.5%
Net Income	$126,982	$94,092	+0.3%

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

$143,871

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHACKU MATHAI CPRP	PRESIDENT	0.00	Officer Director	$0	$0	$0
ERIKA ROSENBERG	SECRETARY	0.00	Officer Director	$0	$0	$0
DR FELECIA PULLEN	TREASURER	0.00	Officer Director	$0	$0	$0
ALBERT APONTE	BOARD MEMBER	0.00	Director	$0	$0	$0
SAMUEL ENCARNACION SR	BOARD MEMBER	0.00	Director	$0	$0	$0
NYDIA HILL	BOARD MEMBER	0.00	Director	$0	$0	$0
DR JONATHAN P EDWARDS	BOARD MEMBER	0.00	Director	$0	$0	$0
JERALD JENKINS	BOARD MEMBER	0.00	Director	$0	$0	$0
IRA WEISS	BOARD MEMBER	0.00	Director	$0	$0	$0
DR ANGELIA SMITH-WILSON	EXECUTIVE DIRECTOR	40.00	Officer	$143,871	$0	$143,871

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	$2,975,933	$2,848,951	$860,877	$126,982
2023	$1,940,259	$1,846,167	$886,264	$94,092
2022	$1,260,716	$1,213,075	$501,023	$47,641
2021	$1,113,798	$1,043,944	$511,512	$69,854
2020	$1,077,952	$1,025,231	$244,107	$52,721
2019	$1,184,411	$1,130,705	$263,954	$53,706
2018	$1,106,711	$1,032,973	$411,970	$73,738

FRIENDS OF RECOVERY NEW YORK