FRIENDSHIP MANOR INC (EIN 362524984) - 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

1942

Legal Domicile

Principal Officer

TED PAPPAS JR

Phone

3097869667

Tax Period

2023-01-01 to 2023-12-31

FRIENDSHIP MANOR INC, founded in 1942, is a mid-sized nonprofit in the Human Services sector that reported $19.7M in total revenue in fiscal year 2023.

Mission

FRIENDSHIP MANOR, AN APPROVED FACILITY OF THE ILLINOIS BRANCH OF THE INTERNATIONAL ORDER OF THE KING'S DAUGHTERS AND SONS, IS A NOT-FOR-PROFIT, CONTINUING CARE RETIREMENT COMMUNITY PROVIDING A COMFORTABLE AND DIGNIFIED LIFESTYLE FOR MATURE, INDEPENDENT INDIVIDUALS THROUGH A CONTINUUM OF CARE PHILOSOPHY INCORPORATING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE AND LONG-TERM HEALTH CARE.

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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 $1,111,721

Program Service Revenue $18,290,508

Investment Income $239,526

Other Revenue $10,049

TOTAL REVENUE $19,651,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,036,470

Fundraising Expenses $174,162

Program Expenses $17,450,791

Other Expenses $7,104,801

TOTAL EXPENSES $20,141,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,651,804	$18,831,823	+0.0%
Expenses	$20,141,271	$19,235,966	+0.0%
Net Income	$-489,467	$-404,143	+0.2%

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

416

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

$653,392

Total Directors

$417,707

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED PAPPAS JR	PRESIDENT/CE	40.00	Officer Director	$298,301	$119,406	$417,707
PATRICK DEVINNEY	CFO	40.00	Officer	$181,763	$53,922	$235,685
ANN AUSTIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ADA CHRISTOPHER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMON COLVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEA DOYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DARYL EMPEN	TREASURER	1.00	Officer Director	$0	$0	$0
MOLLY FOLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSEY HULLON	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JON LOQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY MASEK	SECRETARY	1.00	Officer Director	$0	$0	$0
TED ROGALSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY SHATTUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS SPITZFADEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ MURRAY TALLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VERNON WEGERER	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
2024	No data	No data	No data	No data
2023	$19,651,804	$20,141,271	$22,459,632	$-489,467
2022	$18,831,823	$19,235,966	$22,030,553	$-404,143
2021	$17,364,858	$16,793,661	$23,689,544	$571,197
2020	$18,057,267	$17,349,555	$25,384,561	$707,712
2019	$17,187,318	$16,675,304	$23,569,032	$512,014
2018	$16,933,789	$16,377,589	$22,034,767	$556,200

FRIENDSHIP MANOR INC