FRIENDS OF THE ENVIRONMENT 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

2006

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $591,296

TO SUPPORT ORGANIZATIONS THAT 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%)

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

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
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
2025	No data	No data	No data	No data
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