TRUE FRIENDS FOUNDATION (EIN 411645512) - 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

1989

Legal Domicile

Principal Officer

JOHN LEBLANC

Phone

9528520101

Tax Period

2023-01-01 to 2023-12-31

TRUE FRIENDS FOUNDATION, founded in 1989, is a small nonprofit in the Recreation & Sports sector that reported $767K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $23.5M represent 368 months of operating reserves.

Mission

TO HOLD AND MANAGE INVESTMENTS AND OTHER PROPERTY FOR THE BENEFIT OF TRUE FRIENDS.

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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 $95,758

Program Service Revenue $0

Investment Income $671,080

Other Revenue $0

TOTAL REVENUE $766,838

Expense Breakdown

Grants Paid $725,132

Salaries & Benefits $0

Fundraising Expenses $55,353

Program Expenses $725,132

Other Expenses $55,353

TOTAL EXPENSES $780,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$766,838	$1,020,726	-0.2%
Expenses	$780,485	$652,119	+0.2%
Net Income	$-13,647	$368,607	-1.0%

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

N/A

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

$162,529

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN LACKE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY KEMP MURRAY	CHAIR	2.00	Officer Director	$0	$0	$0
MARK FERIANCEK	TREASURER	2.00	Officer Director	$0	$0	$0
LON BENCINI	SECRETARY	2.00	Officer Director	$0	$0	$0
JODY ESTENSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE HANSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS JUDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSH STORMS	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER THALHUBER	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI TRYGG	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY ELLEN WELLS	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBRA PENROD	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK WILKIE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN LEBLANC	PRESIDENT & CEO	8.00	Officer	$0	$0	$162,529

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	$766,838	$780,485	$23,588,333	$-13,647
2022	$1,020,726	$652,119	$22,566,360	$368,607
2021	$1,022,490	$655,359	$27,593,438	$367,131
2020	$825,527	$2,235,595	$24,757,150	$-1,410,068
2019	$14,743,543	$722,905	$24,494,596	$14,020,638
2018	$810,388	$835,758	$9,305,882	$-25,370

TRUE FRIENDS FOUNDATION