FRIENDS OF THE ENVIRONMENT INC

EIN: 352283352 501(c)(3) Environment

DELRAY BEACH, FL

Total Revenue
$909,986
Total Expenses
$597,853
Total Assets
$802,317
Net Assets
$802,317
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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
2006
Legal Domicile
FL
Principal Officer
CHARLOTTE BOYCE
Phone
9544266525
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE ENVIRONMENT INC, founded in 2006, is a small nonprofit in the Environment sector that reported $910K in total revenue in fiscal year 2024. The organization ran a surplus of $312K, a strong 34% operating margin.

Mission

TO PRESERVE THE ENVIRONMENT OF ABACO, THE BAHAMAS THROUGH EDUCATION, CONSERVATION AND RESEARCH FACILITATION.

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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 $878,705
Program Service Revenue $0
Investment Income $0
Other Revenue $31,281
TOTAL REVENUE $909,986

Expense Breakdown

Grants Paid $591,296
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $591,296
Other Expenses $6,557
TOTAL EXPENSES $597,853

Year-over-Year Comparison

2024 2023 Change
Revenue $909,986 $930,253 0.0%
Expenses $597,853 $1,345,747 -0.6%
Net Income $312,133 $-415,494 -1.8%
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
3
Independent Members
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLOTTE BOYCE EXECUTIVE DI N/A
Officer Director
$0 $0 $0
LINDSEY MCCOY DIRECTOR N/A
Director
$0 $0 $0
MICHAEL ALBURY DIRECTOR N/A
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
2024 $909,986 $597,853 $802,317 $312,133
2023 $930,253 $1,345,747 $495,732 $-415,494
2022 $1,167,466 $1,206,908 $905,678 $-39,442
2021 $687,921 $17,278 $1,044,120 $670,643
2020 $275,396 $919 $366,457 $274,477
2018 $412,507 $363,896 $1,110,290 $48,611
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