Friends of OFCB (EIN 273064948) - 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

Eric Nichols

Tax Period

2024-09-01 to 2025-08-31

Friends of OFCB, founded in 2010, is a small nonprofit in the Human Services sector that reported $334K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $287K left a modest 14% surplus.

Mission

To support OFCB Ministries by pooling collective talent and resources to provide assistance for education, emergency relief, and capital projects associated with these. The Organization works to recruit new member churches, helps to educate on issues of poverty in Haiti, and helps to support the leadership of OFCB Ministries.

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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 $334,345

Program Service Revenue $0

Investment Income $86

Other Revenue $0

TOTAL REVENUE $334,431

Expense Breakdown

Grants Paid $277,133

Salaries & Benefits $0

Fundraising Expenses $2,206

Program Expenses $277,133

Other Expenses $10,098

TOTAL EXPENSES $287,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,431	$279,078	+0.2%
Expenses	$287,231	$223,770	+0.3%
Net Income	$47,200	$55,308	-0.1%

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

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
Nikki Bolton	Director	3.00	Director	$0	$0	$0
Matt Brown	Director	3.00	Director	$0	$0	$0
Robert Brownlee	Director	3.00	Director	$0	$0	$0
Kent Buzard	Director	3.00	Director	$0	$0	$0
Betsy Liles	Director	3.00	Director	$0	$0	$0
Ron Morris	Director	3.00	Director	$0	$0	$0
Eric Nichols	Chairman	3.00	Officer Director	$0	$0	$0
Judy Nichols	Director	3.00	Director	$0	$0	$0
Harold Dean Sellers	Treasurer	3.00	Officer Director	$0	$0	$0
Dave Sheridan	Director	3.00	Director	$0	$0	$0
Kat Speiler	Director	3.00	Director	$0	$0	$0
David Spivey	Director	3.00	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
2025	$334,431	$287,231	$258,923	$47,200
2024	$279,078	$223,770	$211,723	$55,308
2022	$404,686	$366,977	$206,271	$37,709
2022	$404,686	$366,977	$206,271	$37,709
2021	$296,345	$270,619	$168,562	$25,726
2020	$327,208	$303,616	$142,836	$23,592
2019	$359,711	$373,603	$119,244	$-13,892
2018	$358,145	$293,817	$133,136	$64,328

Friends of OFCB