FRIENDSHIP HOUSE NORTH TWO 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

1998

Legal Domicile

Principal Officer

RICH ADAIR

Phone

7654639586

Tax Period

2023-07-01 to 2024-06-30

FRIENDSHIP HOUSE NORTH TWO INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $401K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $605K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND 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 FACILITIES AND SERVICES ARE TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATIONS THEREOF ON A NON-PROFIT BASIS.

Program Service Accomplishments

Program 1

Expenses: $434,316 Revenue: $309,840

TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY AND DIASBLED INDIVIDUALS SUBSIDIZED BY A CONTRACT WITH U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $75,282

Program Service Revenue $309,840

Investment Income $4

Other Revenue $16,054

TOTAL REVENUE $401,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,980

Fundraising Expenses $0

Program Expenses $434,316

Other Expenses $338,949

TOTAL EXPENSES $604,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$401,180	$364,706	+0.1%
Expenses	$604,929	$504,362	+0.2%
Net Income	$-203,749	$-139,656	+0.5%

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

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
BEVERLY WALLACE	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
KIMBERLY THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN TITLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB WOLLENBURG	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
JIM RAWLINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT RIEBSOMER	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	No data	No data	No data	No data
2024	$401,180	$604,929	$1,407,731	$-203,749
2023	$364,706	$504,362	$1,505,253	$-139,656
2022	$353,332	$464,747	$1,571,161	$-111,415
2021	$348,556	$437,333	$1,720,053	$-88,777
2020	$340,679	$440,251	$1,794,848	$-99,572
2019	$339,210	$411,227	$1,894,878	$-72,017