RACINE FRIENDSHIP CLUBHOUSE 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

1991

Legal Domicile

Principal Officer

Julie Feiler

Phone

2626369393

Tax Period

2023-01-01 to 2023-12-31

RACINE FRIENDSHIP CLUBHOUSE INC, founded in 1991, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

The Racine Friendship Clubhouse has been assisting adults living with mental illness for over 20 years. Based on the Clubhouse model of psychosocial education, Racine friendship clubhouse, inc. is the only program in Racine county dedicated to supporting people with serious mental illnesses as they achieve social, education, and vocational goals.

Program Service Accomplishments

Program 1

Expenses: $1,049,606 Revenue: $1,105,398

Employer of Record - Through the employer of Record (EOR) Program, the organization provides contracted staff and payroll services for the Behavioral Health Services of Racine County at the Racine...

Employer of Record - Through the employer of Record (EOR) Program, the organization provides contracted staff and payroll services for the Behavioral Health Services of Racine County at the Racine County Dennis Kornwolf Service Center

Program 2

Expenses: $120,327

Day Center - The Day Center Program provides an environment where there is opportunity to recover social living and work skills through peer support. It also provides employment opportunities...

Day Center - The Day Center Program provides an environment where there is opportunity to recover social living and work skills through peer support. It also provides employment opportunities, education, recreation, social, and other program services for people with mental illness in Racine, Wisconsin. Through the day center program, the organization is working to integrate people with mental illness into the economic and social community, expand employment opportunities, reduce unemployment and underemployment among persons with mental illness, increase participants' self- esteem and self-reliance, and reduce relapse rates and additional hospitalization for persons suffering from mental illness.

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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 $109,518

Program Service Revenue $1,105,398

Investment Income $21

Other Revenue $37,369

TOTAL REVENUE $1,252,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,122,521

Fundraising Expenses $23,184

Program Expenses $1,169,933

Other Expenses $137,629

TOTAL EXPENSES $1,260,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,252,306	$1,533,075	-0.2%
Expenses	$1,260,150	$1,505,085	-0.2%
Net Income	$-7,844	$27,990	-1.3%

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

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
Pat Bohon	President	1.00	Officer Director	$0	$0	$0
Linda Jacob	Vice President	1.00	Officer Director	$0	$0	$0
Don Walters	Secretary	1.00	Officer Director	$0	$0	$0
Julie Feiler	Treasurer	1.00	Officer Director	$0	$0	$0
Tom DeFrancesco	Director	1.00	Director	$0	$0	$0
Randy Dorece	Director	1.00	Director	$0	$0	$0
Anna Feiler	Director	1.00	Director	$0	$0	$0
Janelle Rogers	Director	1.00	Director	$0	$0	$0
Jim Murphy	Director	1.00	Director	$0	$0	$0
Trista Serrano	Director	1.00	Director	$0	$0	$0
Kristen Hoffman	Director	1.00	Director	$0	$0	$0
Ken Riley	Director	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	$1,252,306	$1,260,150	$259,767	$-7,844
2022	$1,533,075	$1,505,085	$273,037	$27,990
2019	$223,425	$254,391	$153,460	$-30,966
2018	$207,692	$224,519	$184,724	$-16,827