Friends of OFCB

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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

2025-09-01 to 2026-02-28

Friends of OFCB, founded in 2010, is a small nonprofit in the Human Services sector that reported $206K in total revenue in fiscal year 2025. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $198K left a modest 4% 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.

Program Service Accomplishments

Program 1

Expenses: $144,859

SCHOOL: Grants for School operation, food and transportation. The school with the main campus at Cahtor, has three elementary schools feeding to Cathor upper grades from the nearby mountains. The...

SCHOOL: Grants for School operation, food and transportation. The school with the main campus at Cahtor, has three elementary schools feeding to Cathor upper grades from the nearby mountains. The school is for kindergarten through graduation from high school. It has about 2,200 students at 2/28/26. There are no public schools in this agricultural area in Northwest Haiti.The Haitian Government requires that students take National tests in grade 9 and grade 13 ( before graduation from high school). The students from the OFCB school score well on these exams.

Program 2

Expenses: $25,177

ClINIC: The OFCB Ministry runs at clinic at Cathor: It includes a doctor, a part time dentist, 5 nurses, a lab technician and support staff. They are one of only a few Clinics in the Bayonnais river...

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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 (2025)

Revenue Breakdown

Contributions & Grants $201,751

Program Service Revenue $0

Investment Income $4,213

Other Revenue $0

TOTAL REVENUE $205,964

Expense Breakdown

Grants Paid $170,036

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,036

Other Expenses $28,037

TOTAL EXPENSES $198,073

Year-over-Year Comparison

	2025	2024	Change
Revenue	$205,964	$334,431	-0.4%
Expenses	$198,073	$287,231	-0.3%
Net Income	$7,891	$47,200	-0.8%

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
2026	$205,964	$198,073	No data	$7,891
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