Friends of the Homeless Inc (EIN 311067488) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Phone

6142250980

Tax Period

2023-07-01 to 2024-06-30

Friends of the Homeless Inc, founded in 1983, is a micro nonprofit in the Housing & Shelter sector that reported $21K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 94% operating margin.

Mission

FRIENDS OF THE HOMELESS PROVIDES RESIDENTIAL SUPPORT TO HOMELESS MEN AND WOMEN THROUGH SHELTERS, TRANSITIONAL HOUSING AND PERMANENT SUPPORTIVE HOUSING. SINCE 1983, FRIENDS OF THE HOMELESS HAS PROVIDED RESIDENTS WITH THE OPPORTUNITY TO REESTABLISH THEMSELVES AS MEMBERS OF THE COLUMBUS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,601

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,242

Other Expenses $1,242

TOTAL EXPENSES $1,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,601	$53,503	-0.6%
Expenses	$1,242	$5,541	-0.8%
Net Income	$19,359	$47,962	-0.6%

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

N/A

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

$495,088

Total Directors

$495,088

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA CARR	CFO	1.0	Officer Director	$0	$15,336	$202,152
WILLIAM LEE	CEO	1.0	Officer Director	$0	$24,656	$292,936

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	No data	No data	No data	No data
2024	$20,601	$1,242	$182,420	$19,359
2023	$53,503	$5,541	$604,379	$47,962
2022	$312,334	$313,239	$550,075	$-905
2021	$291,822	$275,761	$551,380	$16,061
2020	$254,768	$259,827	$534,918	$-5,059
2019	$252,796	$243,895	$503,656	$8,901
2018	$298,618	$245,901	$494,755	$52,717

Friends of the Homeless Inc