FRIENDS OF MADAGASCAR MISSION 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

DAVID P LERSETH

Phone

8474458177

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF MADAGASCAR MISSION INC, founded in 2009, is a small nonprofit in the International Affairs sector that reported $398K in total revenue in fiscal year 2024. The organization ran a surplus of $75K, a strong 19% operating margin.

Mission

SUPPORT MISSION AND MINISTRY WITH CHRISTIANS IN MADAGASCAR.

Program Service Accomplishments

Program 1

Expenses: $7,337 Revenue: $3,821

EJEDA NUTRITION PROGRAM PROVIDES FOOD TO HOSPITALS & TB PATIENTS IN MADAGASCAR, AS WELL AS HANDICAPPED CHILDREN. THE CUSTOM IN MADAGASCAR, THE FAMILY OF A PATIENT MUST PROVIDE FOOD. FOR SOME...

EJEDA NUTRITION PROGRAM PROVIDES FOOD TO HOSPITALS & TB PATIENTS IN MADAGASCAR, AS WELL AS HANDICAPPED CHILDREN. THE CUSTOM IN MADAGASCAR, THE FAMILY OF A PATIENT MUST PROVIDE FOOD. FOR SOME FAMILIES, IT IS TOO FAR TO WALK TO PROVIDE THE FOOD. 818 PATIENTS RECEIVED FOOD THROUGH THIS PROGRAM.

Program 2

Expenses: $65,859 Revenue: $48,489

PRISON MINISTRY PROGRAM IS TO REACH OUT WITH FOOD, MEDICINE, CLOTHING, SPIRITUAL COUNSEL AND CARE FROM THOSE WHO ARE IN THE CROWDED PRISONS IN MADAGASCAR. EACH WEEK A TEAM OF WORKERS VISITS 36...

PRISON MINISTRY PROGRAM IS TO REACH OUT WITH FOOD, MEDICINE, CLOTHING, SPIRITUAL COUNSEL AND CARE FROM THOSE WHO ARE IN THE CROWDED PRISONS IN MADAGASCAR. EACH WEEK A TEAM OF WORKERS VISITS 36 PRISONS. 12,394 VOLUNTEERS PARTICIPATED IN THIS MINISTRY. AMAZINGLY 254,568 PRISONERS ATTENDED WORSHIP SERVICES DURING THE YEAR, 256 PRISONERS ATTENDING CONFIRMATION CLASSES. FOOD AND SUPPLIES ARE DISTRIBUTED TO THE PRISONS BASED ON THE POPULATION OF EACH LOCATION. FAMILIES ARE TO PROVIDE FOOD TO PRISONERS. FOOD GIVEN INCLUDED 2,028 RICE BAGS.

Program 3

Expenses: $59,041 Revenue: $7,162

EVANGELISTS SUPPORT IS TO PLACE AN EVANGELIST FROM MADAGASCAR IN EACH VILLAGE WHO REQUESTS ONE. THE EVANGELISTS ROLE IS THE WHOLE WELL BEING: SPIRITUAL, HEALTH, AND RELATIONSHIPS AMONG THE VILLAGE...

EVANGELISTS SUPPORT IS TO PLACE AN EVANGELIST FROM MADAGASCAR IN EACH VILLAGE WHO REQUESTS ONE. THE EVANGELISTS ROLE IS THE WHOLE WELL BEING: SPIRITUAL, HEALTH, AND RELATIONSHIPS AMONG THE VILLAGE. THERE ARE 67 EVANGELISTS WHO HAVE VISITED 3,951 HOMES AND BAPTIZED 793 ADULTS AND 1,099 CHILDREN.

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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 $390,305

Program Service Revenue $0

Investment Income $7,687

Other Revenue $0

TOTAL REVENUE $397,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,547

Program Expenses $313,546

Other Expenses $323,084

TOTAL EXPENSES $323,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$397,992	$415,009	0.0%
Expenses	$323,084	$321,788	+0.0%
Net Income	$74,908	$93,221	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CARLSTROM	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA CREW	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK EIDEM	DIRECTOR	1.00	Director	$0	$0	$0
LEE LAAVEG	DIRECTOR OF	1.00	Director	$0	$0	$0
DAVID P LERSETH	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
CATHERINE MARKS	SECRETARY	1.00	Officer Director	$0	$0	$0
LOREN MORSCHEN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG NORENBERG	DIRECTOR	1.00	Director	$0	$0	$0
KIRSTEN SCHLICHT	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF TETZLAFF	VICE PRESIDE	1.00	Officer 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	$397,992	$323,084	$748,965	$74,908
2023	$415,009	$321,788	$674,191	$93,221
2022	$392,746	$369,554	$569,090	$23,192
2021	$455,139	$167,282	$571,729	$287,857
2020	$195,760	$139,196	$267,840	$56,564
2019	$186,407	$152,899	$199,020	$33,508
2018	$178,816	$232,995	$147,580	$-54,179