FRIENDSHIP HOME ASSOCIATION (EIN 420819620) - 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

1955

Legal Domicile

Principal Officer

RAE A TUCKER

Phone

7125632651

Tax Period

2024-01-01 to 2024-12-31

FRIENDSHIP HOME ASSOCIATION, founded in 1955, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2024.

Mission

PROVIDE NURSING CARE SERVICES FOR RESIDENTS IN A CHRISTIAN SETTING OF COMPASSION AND CHOICE.

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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 $316,398

Program Service Revenue $4,920,566

Investment Income $-9,072

Other Revenue $5,391

TOTAL REVENUE $5,233,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,778,630

Fundraising Expenses $0

Program Expenses $4,845,262

Other Expenses $2,539,508

TOTAL EXPENSES $5,318,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,233,283	$5,035,801	+0.0%
Expenses	$5,318,138	$5,424,857	0.0%
Net Income	$-84,855	$-389,056	-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

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

$71,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA ANDERSEN	ADMINISTRATO	40.00	Officer	$38,990	$0	$38,990
RAE A TUCKER	ADMINISTRATO	40.00	Officer	$32,993	$0	$32,993
MINDY ALT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JONI HANSEN	MEMBER	1.00	Director	$0	$0	$0
KELLI JENSEN	MEMBER	1.00	Director	$0	$0	$0
MARK JONES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARK MCLAUGHLIN	MEMBER	1.00	Director	$0	$0	$0
KAREN NELSEN	MEMBER	1.00	Director	$0	$0	$0
SANDY NISSEN	PRESIDENT	1.00	Officer 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	$5,233,283	$5,318,138	$5,055,198	$-84,855
2023	$5,035,801	$5,424,857	$4,861,945	$-389,056
2022	$4,592,467	$4,788,867	$5,349,154	$-196,400
2021	$4,316,384	$4,107,606	$5,285,331	$208,778
2020	$3,710,047	$4,171,306	$4,836,024	$-461,259
2020	$4,458,812	$4,299,334	$4,901,199	$159,478
2019	$3,735,900	$3,831,394	$4,839,353	$-95,494
2018	$3,308,827	$3,611,043	$4,832,764	$-302,216

FRIENDSHIP HOME ASSOCIATION