FRIENDS OF THE DREXEL INC

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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

2009

Legal Domicile

Principal Officer

BONNIE MILENTHAL

Phone

6144691045

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE DREXEL INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $738K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO FOSTER, SUPPORT AND PROMOTE EDUCATIONAL, CULTURAL, AND ARTS PROGRAMMING AT THE DREXEL THEATRE IN BEXLEY, OHIO. THE DREXEL THEATRE PRESENTS A DIVERSE ARRAY OF INTERNATIONAL, DOCUMENTARY, INDEPENDENT, AND CLASSIC FILMS THAT WOULD OTHERWISE NOT BE AVAILABLE TO THE GENERAL PUBLIC. THIS ACTIVITY ENTERTAINS, EDUCATES, AND DEEPENS THE APPRECIATION OF FILMS AND MEDIA ARTS BY THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $591,652 Revenue: $512,553

THE THEATRE OFFERS DIVERSE ARTS PROGRAMMING TO PATRONS THAT DESIRE UNIQUE ART CONTENT THAT EDUCATES AND ENTERTAINS. THIS YEAR INCLUDED PRESENTATIONS OF FILMS INCLUDING ART HOUSE MOVIES...

THE THEATRE OFFERS DIVERSE ARTS PROGRAMMING TO PATRONS THAT DESIRE UNIQUE ART CONTENT THAT EDUCATES AND ENTERTAINS. THIS YEAR INCLUDED PRESENTATIONS OF FILMS INCLUDING ART HOUSE MOVIES, DOUCMENTARIES, FOREIGN FILMS, AND EVENTS SUCH AS THE SUMMER KIDS SERIES, SCI-FI MARATHON, AND OSCAR PARTY.

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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 $201,891

Program Service Revenue $400,199

Investment Income $0

Other Revenue $135,819

TOTAL REVENUE $737,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,114

Fundraising Expenses $38,175

Program Expenses $591,652

Other Expenses $526,907

TOTAL EXPENSES $746,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$737,909	$673,067	+0.1%
Expenses	$746,021	$604,052	+0.2%
Net Income	$-8,112	$69,015	-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

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
BONNIE MILENTHAL	CHAIR	2.00	Officer Director	$0	$0	$0
TOM MACK	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER NELSON CARNEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TRIP LAZARUS	DIRECTOR	1.00	Director	$0	$0	$0
BABETTE GORMAN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD UNGVARSKY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
KIM RICE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMY MILBOURNE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGIA RUCH GOCKEN	SECRETARY	2.00	Officer Director	$0	$0	$0
JUDY FISHER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY CASTO	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD STOFF	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	No data	No data	No data	No data
2023	$737,909	$746,021	$976,961	$-8,112
2022	$673,067	$604,052	$971,900	$69,015
2021	$972,882	$416,391	$901,429	$556,491
2020	$418,375	$286,470	$371,758	$131,905
2019	$561,456	$504,925	$240,617	$56,531
2018	$543,407	$455,843	$242,948	$87,564