FRIENDSHIP HOUSE 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

1978

Legal Domicile

Principal Officer

STEWART W KLINE

Phone

7654639586

Tax Period

2024-07-01 to 2025-06-30

FRIENDSHIP HOUSE INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 83% operating margin.

Mission

TO SUPPORT ELDERLY PERSONS AND HANDICAPPED PERSONS WITH SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. THE CHARGES FOR SUCH SERVICES ARE TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATIONS THEREOF ON A NON-PROFIT BASIS.

Program Service Accomplishments

Program 1

Expenses: $36,653 Revenue: $10,210

TO SUPPORT LOW-INCOME HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS.

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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 $12,118

Investment Income $1,212,152

Other Revenue $0

TOTAL REVENUE $1,224,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,494

Fundraising Expenses $0

Program Expenses $36,653

Other Expenses $185,777

TOTAL EXPENSES $210,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,224,270	$944,115	+0.3%
Expenses	$210,271	$217,222	0.0%
Net Income	$1,013,999	$726,893	+0.4%

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

N/A

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
RICH ADAIR	TREASURER	4.00	Officer Director	$0	$0	$0
JIM RAWLINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT GROSS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JASON RAMSLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
STEWART W KLINE	PRESIDENT	4.00	Officer Director	$0	$0	$0
MATT RIEBSOMER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN TITLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB WOLLENBUG	BOARD MEMBER	1.00	Director	$0	$0	$0
CARSON HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA STEUTERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TATE	BOARD MEMBER	1.00	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	$1,224,270	$210,271	$17,023,528	$1,013,999
2024	$944,115	$217,222	$16,012,291	$726,893
2023	$1,638,728	$90,945	$15,153,648	$1,547,783
2022	No data	$85,480	$14,609,621	No data
2021	$1,443,921	$3,339	$13,583,784	$1,440,582
2020	$1,306,341	$558,302	$3,202,927	$748,039
2019	$1,562,945	$1,344,823	$4,501,124	$218,122