FRIENDSHIP HOMES 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

2005

Legal Domicile

Principal Officer

WALLACE CARTWRIGHT

Phone

6156422466

Tax Period

2024-07-01 to 2025-06-30

FRIENDSHIP HOMES INC, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $83K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $135K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO PROVIDE HOUSING TO DISABLED AND LOW INCOME INDIVIDUALS

Program Service Accomplishments

Program 1

Expenses: $134,599 Revenue: $80,370

THE ORGANIZATION OWNS 10 HOUSES THAT SERVE 20 TO 25 DISABLED. HANDICAPPED AND LOW INCOME INDIVIDUALS AND FAMILIES.

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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 $0

Program Service Revenue $0

Investment Income $2,557

Other Revenue $80,370

TOTAL REVENUE $82,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,599

Other Expenses $134,599

TOTAL EXPENSES $134,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,927	$99,163	-0.2%
Expenses	$134,599	$111,024	+0.2%
Net Income	$-51,672	$-11,861	+3.4%

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

$72,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALLACE CARTWRIGHT	CHAIRMAN	5.00	Director	$36,000	$0	$36,000
WILLIAM BASS	PRESIDENT	5.00	Director	$36,000	$0	$36,000

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	$82,927	$134,599	$421,530	$-51,672
2024	$99,163	$111,024	$480,028	$-11,861
2023	$74,982	$110,782	$498,435	$-35,800
2022	$68,329	$85,995	$540,550	$-17,666
2021	$50,972	$76,470	$585,458	$-25,498
2020	$23,446	$65,822	$616,659	$-42,376
2019	$512,765	$62,739	$661,584	$450,026