Circle of Friends Inc (EIN 352671302) - 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

2019

Legal Domicile

Principal Officer

Diane Keen

Tax Period

2023-01-01 to 2023-12-31

Circle of Friends Inc, founded in 2019, is a small nonprofit in the Human Services sector that reported $230K in total revenue in fiscal year 2023. Net assets of $602K represent 31 months of operating reserves.

Mission

Enhancing the lives of adults with intellectual and developmental disabilities through social engagement, supportative employment and attainable housing.

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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 $186,858

Program Service Revenue $34,972

Investment Income $7,801

Other Revenue $0

TOTAL REVENUE $229,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,155

Fundraising Expenses $0

Program Expenses $204,995

Other Expenses $86,529

TOTAL EXPENSES $244,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,631	$228,834	+0.0%
Expenses	$244,684	N/A	N/A
Net Income	$-15,053	$228,834	-1.1%

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

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

$43,899

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nick Carberry	VP Director of Operations	40.00		$80,000	$0	$80,000
Katie Bowker	Supportive Employment Manager	40.00	Key Emp	$43,899	$0	$43,899
David LeBaron	Board Member	1.00	Director	$0	$0	$0
Robert Sinclair	Treasurer	1.00	Officer Director	$0	$0	$0
Diane Keen	Chairperson and Executive Dir	25.00	Officer Director	$0	$0	$0
Glenn Keen	COO	10.00	Officer	$0	$0	$0
Phyllis Deeb	Director of Administration	15.00	Key Emp	$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	No data	No data	No data	No data
2023	$229,631	$244,684	$601,714	$-15,053
2022	$710,112	$164,467	$616,767	$545,645

Circle of Friends Inc