FRIENDS HEALTH CARE ASSOCIATION INC

EIN: 310920577 501(c)(3)

YELLOW SPRINGS, OH

Total Revenue
$7,508,265
Total Expenses
$7,657,590
Total Assets
$8,289,423
Net Assets
$3,937,264
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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
OH
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

FHCA OPERATES A CONTINUING CARE RETIREMENT COMMUNITY SERVING THE YELLOW SPRINGS COMMUNITY.

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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%)

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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

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Governance

Voting Members
10
Independent Members
10
Employees
215
Volunteers
10

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
5
$163,863
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
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
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