FRIENDS DEVELOPMENT FUND INC

EIN: 421122634 501(c)(3)

Oskaloosa, IA

Total Revenue
$153,440
Total Expenses
$78,005
Total Assets
$1,782,021
Net Assets
$1,782,021
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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
1979
Legal Domicile
IA
Principal Officer
John Good
Phone
6419397795
Tax Period
2025-01-01 to 2025-12-31

FRIENDS DEVELOPMENT FUND INC, founded in 1979, is a small nonprofit that reported $153K in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 49% operating margin.

Mission

Invest permanent funds for the purpose of distributing earnings to various Friends exempt entities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $153,440
Other Revenue $0
TOTAL REVENUE $153,440

Expense Breakdown

Grants Paid $65,037
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $65,037
Other Expenses $12,968
TOTAL EXPENSES $78,005

Year-over-Year Comparison

2025 2024 Change
Revenue $153,440 $121,828 +0.3%
Expenses $78,005 $75,585 +0.0%
Net Income $75,435 $46,243 +0.6%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
4
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Manuel Garcia trustee 0
Director
$0 $0 $30,000
Dennis Reece trustee 0
Director
$0 $0 $0
Mike Martin trustee 0
Director
$0 $0 $0
Lloyd Stangland trustee 0
Director
$0 $0 $0
Hunter Fitch President (Presider) 0
Officer
$0 $0 $0
Isaac Good Secretary (recorder) 0
Officer
$0 $0 $0
John Good Treasurer 1
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
2025 $153,440 $78,005 $1,782,021 $75,435
2024 $121,828 $75,585 $1,649,910 $46,243
2023 $107,813 $69,739 $1,601,904 $38,074
2022 $77,476 $67,849 $1,482,545 $9,627
2021 $304,240 $65,879 $1,768,196 $238,361
2020 $107,724 $61,862 $1,454,390 $45,862
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