Friends & Co (EIN 410986200) - 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

1972

Legal Domicile

Principal Officer

Carolyn Trevis

Phone

6127460753

Tax Period

2024-07-01 to 2025-06-30

Friends & Co, founded in 1972, is a small nonprofit in the Human Services sector that reported $663K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 62% operating deficit.

Mission

Friends & Co. is a nonprofit, volunteer-based organization whose mission is to relieve isolation and loneliness among older adults while promoting independence and well-being. Friends & Co. identifies isolated older adults and creates the opportunity for life-affirming connections and companionship that support healthy aging.

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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 $464,769

Program Service Revenue $0

Investment Income $197,319

Other Revenue $523

TOTAL REVENUE $662,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $712,297

Fundraising Expenses $174,637

Program Expenses $835,266

Other Expenses $363,971

TOTAL EXPENSES $1,076,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$662,611	$707,677	-0.1%
Expenses	$1,076,268	$1,051,130	+0.0%
Net Income	$-413,657	$-343,453	+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

Volunteers

764

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

$119,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Falvey	Executive Dir.	40.00	Officer	$115,649	$3,525	$119,174
Hailey Bailey	President	1.00	Officer Director	$0	$0	$0
Dominic Korbel	Vice President	1.00	Officer Director	$0	$0	$0
Heather Britt MPH PhD	Secretary	1.00	Officer Director	$0	$0	$0
Larry Fasching	Treasurer	1.00	Officer Director	$0	$0	$0
Cristina Cauble	Director	1.00	Director	$0	$0	$0
Norm Morris	Director	1.00	Director	$0	$0	$0
Danielle Salisbury	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
2025	$662,611	$1,076,268	$6,570,645	$-413,657
2023	$560,872	$956,791	$6,597,805	$-395,919
2022	$5,888,849	$990,737	$6,636,949	$4,898,112
2021	$1,281,145	$899,761	$1,878,658	$381,384
2020	$707,409	$728,454	$1,425,654	$-21,045
2019	$775,545	$723,067	$1,333,908	$52,478
2018	$842,864	$678,514	$1,271,183	$164,350

Friends & Co