THE FRIENDSHIP VILLAGE CHARITABLE TRUST (EIN 421527755) - 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

2002

Legal Domicile

Principal Officer

LISA GATES

Phone

3192918100

Tax Period

2023-04-01 to 2024-03-31

THE FRIENDSHIP VILLAGE CHARITABLE TRUST, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $4.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

SUPPORT FRIENDS OF FAITH RETIREMENT HOMES, INC.

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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 $2,286,452

Program Service Revenue $0

Investment Income $1,917,697

Other Revenue $0

TOTAL REVENUE $4,204,149

Expense Breakdown

Grants Paid $4,816,699

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,816,699

Other Expenses $47,110

TOTAL EXPENSES $4,863,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,204,149	$4,671,933	-0.1%
Expenses	$4,863,809	$9,932,631	-0.5%
Net Income	$-659,660	$-5,260,698	-0.9%

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

N/A

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

$4,800

Key Employees

$322,127

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA GATES	PRESIDENT/CE	50.00	Key Emp	$297,289	$24,838	$322,127
GEORGE FARBER	TRUSTEE	1.00	Director	$4,800	$0	$4,800
CRAIG ANDERSON	TREASURER	1.00	Officer Director	$0	$0	$0
RICK BAUER	TRUSTEE	1.00	Director	$0	$0	$0
STEVE GILGEN	TRUSTEE	1.00	Director	$0	$0	$0
JIM GRADY	PAST CHAIRMA	1.00	Officer Director	$0	$0	$0
PASTOR TOM HLAD	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SMITH JR	TRUSTEE	1.00	Director	$0	$0	$0
RONALD KIEWIET	TRUSTEE	1.00	Director	$0	$0	$0
PASTOR QUOVADIS MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
BRAD MORRIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAY NARDINI	TRUSTEE	1.00	Director	$0	$0	$0
PASTOR CHRIS RYGH	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
MARK TINK	TRUSTEE	1.00	Director	$0	$0	$0
PASTOR JESSE TINK	SECRETARY	1.00	Officer Director	$0	$0	$0
VERA WALLICAN	TRUSTEE	1.00	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	No data	No data	No data	No data
2024	$4,204,149	$4,863,809	$10,454,419	$-659,660
2023	$4,671,933	$9,932,631	$12,065,067	$-5,260,698
2022	$8,311,790	$10,223,481	$19,713,724	$-1,911,691
2021	$1,059,440	$769,689	$22,691,329	$289,751
2020	$2,254,641	$4,712,243	$18,284,797	$-2,457,602
2019	$2,423,650	$4,153,151	$22,050,207	$-1,729,501
2018	$2,023,776	$2,239,448	$23,736,654	$-215,672

THE FRIENDSHIP VILLAGE CHARITABLE TRUST