FRIENDS DEVELOPMENT FUND 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

1979

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $55,054 Revenue: $0

Distributed to Iowa Yearly Meeting of Friends in Oskaloosa, IA to supplement the following programs: Church Extension $25,653, Retired Missionaries & Minister's Support $19,153, Missions $3,334...

Distributed to Iowa Yearly Meeting of Friends in Oskaloosa, IA to supplement the following programs: Church Extension $25,653, Retired Missionaries & Minister's Support $19,153, Missions $3,334, Leadership Development $2,517 Educational Scholarships $1,570, Mesquakie Friends in Tama, IA $660 & Grounds Upkeep $47, Camp Councilor Support $2,120

Program 2

Expenses: $4,474 Revenue: $0

Distributed to Camp Quaker Heights in Eldora, IA to supplement ministry work done there, as an off shoot of the Iowa Yearly Meeting of Friends.

Program 3

Expenses: $1,726 Revenue: $0

Distributed to Marshalltown Friends Church in Marshalltown, IA to supplement ministry work done there.

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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 (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

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

Total Directors

$30,000

Key Employees

Highest Compensated

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