FRIENDS HEALTH CARE ASSOCIATION 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

1977

Legal Domicile

Principal Officer

MICHAEL J MONTGOMERY

Phone

9377677363

Tax Period

2024-01-01 to 2024-12-31

FRIENDS HEALTH CARE ASSOCIATION INC, founded in 1977, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

FRIENDS CARE COMMUNITY MEETS THE RESIDENTIAL LIVING NEEDS OF SENIORS AND OTHERS BY PROVIDING INDEPENDENT LIVING, ASSISTED CARE, SKILLED CARE AND CONVALESCENT OPTIONS IN A VIBRANT, HOMELIKE ENVIRONMENT. THROUGH RESPECT FOR THE DIGNITY AND UNIQUE NEEDS OF EACH INDIVIDUAL, WE ASPIRE TO THE HAPPINESS AND FULFILLMENT OF ALL RESIDENTS AND STAFF AND THE CONFIDENCE AND TRUST OF FAMILY MEMBERS AND THE YELLOW SPRINGS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $5,631,768 Revenue: $5,720,031

THE SKILLED NURSING CENTER OFFERS A PLACE FOR SHORT TERM REHABILITATION AFTER A HOSPITAL STAY OR LONG TERM CARE WHEN NEEDED. STAFFED BY FRIENDLY, CARING PEOPLE, ITS 66-BED NURSING FACILITY INCLUDES 16 REHABILITATION/SHORT-TERM CARE BEDS. REHABILITATIVE CARE IS PROVIDED BY LICENSED PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS FOR RESIDENTS RECOVERING FROM MAJOR SURGERY, STROKE, HEART ATTACK, ORTHOPEDIC AND OTHER MEDICAL CONDITIONS AND ILLNESSES.

Program 2

Expenses: $1,152,340 Revenue: $1,210,743

FEATURING 20 INDIVIDUAL APARTMENTS WITH FOUR DIFFERENT FLOOR PLANS AND LARGE BATHROOMS, THE ASSISTED LIVING UNIT IS A LICENSED FACILITY DESIGNED TO ENHANCE INDEPENDENCE. THE CENTER ENCOURAGES...

FEATURING 20 INDIVIDUAL APARTMENTS WITH FOUR DIFFERENT FLOOR PLANS AND LARGE BATHROOMS, THE ASSISTED LIVING UNIT IS A LICENSED FACILITY DESIGNED TO ENHANCE INDEPENDENCE. THE CENTER ENCOURAGES RESIDENTS TO ENJOY SOCIALIZING IN A SECURE, MODEST, QUIET SETTING.

Program 3

Expenses: $284,547 Revenue: $382,804

INDEPENDENT LIVING AFFORDS PRIVACY AND FREEDOM COMBINED WITH THE SECURITY OF A 24 HOUR ON-CALL ASSISTANCE AND A MAINTENANCE FREE ENVIRONMENT. THE 11 INDEPENDENT LIVING DUPLEXES ARE NESTLED ALONG...

INDEPENDENT LIVING AFFORDS PRIVACY AND FREEDOM COMBINED WITH THE SECURITY OF A 24 HOUR ON-CALL ASSISTANCE AND A MAINTENANCE FREE ENVIRONMENT. THE 11 INDEPENDENT LIVING DUPLEXES ARE NESTLED ALONG SPECTACULAR WALKING PATHS THROUGH BEAUTIFUL WOODS.

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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 $84,950

Program Service Revenue $7,313,578

Investment Income $109,737

Other Revenue $0

TOTAL REVENUE $7,508,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,680,341

Fundraising Expenses $0

Program Expenses $7,068,655

Other Expenses $2,977,249

TOTAL EXPENSES $7,657,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,508,265	$8,198,538	-0.1%
Expenses	$7,657,590	$7,570,215	+0.0%
Net Income	$-149,325	$628,323	-1.2%

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

215

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

$163,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DUFFEE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY C HOLLAND	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TRENT FISHER	TREASURER	2.00	Officer Director	$0	$0	$0
DIANE CHIDDISTER	SECRETARY	1.00	Officer Director	$0	$0	$0
ABBY COBB	TRUSTEE	1.00	Director	$0	$0	$0
VALERIE BLACKWELL-TRUITT	TRUSTEE	1.00	Director	$0	$0	$0
TODD KREEGER	TRUSTEE	1.00	Director	$0	$0	$0
TERRY LAWSON	TRUSTEE	1.00	Director	$0	$0	$0
CHARLOTTE MCQUEEN	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINA HOFSTRA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MONTGOMERY	EXECUTIVE DIRECTOR	40.00	Officer	$143,325	$20,538	$163,863
HANNAH MORMON	DIRECTOR OF NURSING	40.00	Highest	$166,098	$0	$166,098

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	$7,508,265	$7,657,590	$8,289,423	$-149,325
2023	$8,198,538	$7,570,215	$8,715,836	$628,323
2022	$6,568,922	$7,351,943	$8,085,205	$-783,021
2021	$7,761,716	$7,573,132	$9,498,813	$188,584
2020	$8,263,483	$7,879,897	$10,232,697	$383,586
2019	$7,944,336	$7,934,443	$9,598,433	$9,893
2018	$7,606,717	$7,572,123	$10,004,574	$34,594