Friends In Deed (EIN 382443974) - 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

1982

Legal Domicile

Principal Officer

R Tyrone Kelsey

Phone

7344857658

Tax Period

2024-01-01 to 2024-12-31

Friends In Deed, founded in 1982, is a small nonprofit that reported $796K in total revenue in fiscal year 2024. Expenses of $739K left a modest 7% surplus.

Mission

Friends In Deed partners with the community to provide critical financial assistance, furniture, congregational services and agency referrals to low-income Washtenaw County residents

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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 $752,943

Program Service Revenue $0

Investment Income $38,414

Other Revenue $4,214

TOTAL REVENUE $795,571

Expense Breakdown

Grants Paid $108,761

Salaries & Benefits $464,832

Fundraising Expenses $142,751

Program Expenses $366,708

Other Expenses $165,016

TOTAL EXPENSES $738,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$795,571	$753,456	+0.1%
Expenses	$738,609	$722,625	+0.0%
Net Income	$56,962	$30,831	+0.8%

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

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
Mike Klar	Director	2.00	Director	$0	$0	$0
Joseph Verga	Director	1.00	Director	$0	$0	$0
Kathy Weathers	Director	1.00	Director	$0	$0	$0
Alisha Spencer	Director	1.00	Director	$0	$0	$0
Najma Treadwell	Director	1.00	Director	$0	$0	$0
Mike Frison	Director	1.00	Director	$0	$0	$0
Phil Geyer	President	5.00	Officer	$0	$0	$0
Trevor Barker	Treasurer	2.00	Officer	$0	$0	$0
Kristin Gapske	Director	2.00	Officer	$0	$0	$0
Cheryl Harvey	Secretary	1.00	Officer	$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	$795,571	$738,609	$901,323	$56,962
2023	$753,456	$722,625	$844,079	$30,831
2022	$754,505	$882,183	$823,096	$-127,678
2021	$772,228	$598,830	$978,353	$173,398
2020	$614,126	$507,875	$827,831	$106,251
2019	$575,998	$579,691	$634,401	$-3,693
2018	$426,824	$495,246	$603,224	$-68,422

Friends In Deed