RESIDENT COUNCIL OF FRIENDSHIP VILLAGE

EIN: 382558573

KALAMAZOO, MI

Total Revenue
$299,573
Total Expenses
$185,276
Total Assets
$267,174
Net Assets
$267,174
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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
1985
Legal Domicile
MI
Principal Officer
THOMAS E HAYS
Phone
2693810560
Tax Period
2019-10-01 to 2020-09-30

RESIDENT COUNCIL OF FRIENDSHIP VILLAGE, founded in 1985, is a small nonprofit that reported $300K in total revenue in fiscal year 2019. The organization ran a surplus of $114K, a strong 38% operating margin.

Mission

DELIVERING VIBRANT SENIOR LIVING IN A LIFECARE COMMUNITY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $299,573
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $299,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $185,276
Other Expenses $185,276
TOTAL EXPENSES $185,276

Year-over-Year Comparison

2019 2018 Change
Revenue $299,573 N/A N/A
Expenses $185,276 N/A N/A
Net Income $114,297 $0 N/A
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
8
Independent Members
8
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
8
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA SOMERS PRESIDENT 0.00
Officer
$0 $0 $0
MARTHA REEVES VICE PRESIDENT 0.00
Officer
$0 $0 $0
MOLLY WILLIAMS SECRETARY 0.00
Officer
$0 $0 $0
PAT DOLAN ASSIST. SECRETARY 0.00
Officer
$0 $0 $0
TOM HAYS TREASURER 0.00
Officer
$0 $0 $0
SUZANNE JONES ASSIST. TREASURER 0.00
Officer
$0 $0 $0
KAY HAAS BOARD REPRESENTATIVE 0.00
Officer
$0 $0 $0
JERRY MCLELLAN ASSIST. BOARD REP. 0.00
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
2020 $299,573 $185,276 $267,174 $114,297
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