FRIENDS OF MADAGASCAR MISSION INC (EIN 272312947) - 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

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.

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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

FRIENDS OF MADAGASCAR MISSION INC