FRIENDSHIP ARK INC (EIN 421489488) - 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

1999

Legal Domicile

Phone

5152929556

Tax Period

2024-07-01 to 2025-06-30

FRIENDSHIP ARK INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 19% operating margin.

Mission

Friendship Ark, Inc. is a Faith-based, nonprofit corporation that provides HCBS residential waiver services to persons with intellectual disabilities

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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 $1,234,894

Program Service Revenue $5,343,781

Investment Income $80,504

Other Revenue $236,055

TOTAL REVENUE $6,895,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,833,332

Fundraising Expenses $174,762

Program Expenses $4,416,788

Other Expenses $726,915

TOTAL EXPENSES $5,560,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,895,234	$5,683,728	+0.2%
Expenses	$5,560,247	$5,065,831	+0.1%
Net Income	$1,334,987	$617,897	+1.2%

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

110

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

$132,681

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER ELLIS	Executive Dir.	40.00	Officer	$114,115	$18,566	$132,681
HEATHER BOTINE	Secretary	4.00	Officer Director	$0	$0	$0
LUKE JENSEN	Director	2.00	Director	$0	$0	$0
SUSAN HOSHER	Director	2.00	Director	$0	$0	$0
MELISSA MUSCHICK	President	4.00	Officer Director	$0	$0	$0
PETE SMITH	Vice President	4.00	Officer Director	$0	$0	$0
JENNI TALBOTT	Director	2.00	Director	$0	$0	$0
HALEY COOK	Director	2.00	Director	$0	$0	$0
STEVE PRATER	Director	2.00	Director	$0	$0	$0
DR SELDON SPENCER	Director	2.00	Director	$0	$0	$0
STACY DUHN	Director	2.00	Director	$0	$0	$0
TOM MORTICE	Treasurer	4.00	Officer Director	$0	$0	$0
SHEILA LUNDT	Director	2.00	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	$6,895,234	$5,560,247	$7,057,465	$1,334,987
2024	$5,683,728	$5,065,831	$6,084,223	$617,897
2023	$5,640,018	$4,608,575	$5,442,874	$1,031,443
2022	$4,284,918	$3,949,424	$4,144,468	$335,494
2021	$4,156,879	$3,584,064	$3,476,912	$572,815
2020	$3,605,015	$3,094,852	$2,900,925	$510,163
2019	$2,984,587	$2,838,106	$2,401,645	$146,481

FRIENDSHIP ARK INC