FRIENDSHIP HAVEN MEMORIAL FOUNDATION (EIN 426065344) - 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

1951

Legal Domicile

Principal Officer

JULIE THORSON

Phone

5155736018

Tax Period

2024-01-01 to 2024-12-31

FRIENDSHIP HAVEN MEMORIAL FOUNDATION, founded in 1951, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $687K, a strong 53% operating margin.

Mission

PROVIDE CHARITABLE SUPPORT TO FRIENDSHIP HAVEN, 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 (2024)

Revenue Breakdown

Contributions & Grants $160,373

Program Service Revenue $0

Investment Income $1,142,318

Other Revenue $0

TOTAL REVENUE $1,302,691

Expense Breakdown

Grants Paid $615,493

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $615,493

Other Expenses $0

TOTAL EXPENSES $615,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,302,691	$1,242,473	+0.0%
Expenses	$615,493	$591,577	+0.0%
Net Income	$687,198	$650,896	+0.1%

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

$468,527

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE THORSON	PRESIDENT/CE	N/A	Officer	$0	$36,867	$260,094
KALLEEN ENGELS	COFO	N/A	Officer	$0	$36,324	$208,433
TROY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MATT BEMRICH	DIRECTOR	1.00	Director	$0	$0	$0
TIM BURNS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ENGLER	DIRECTOR	1.00	Director	$0	$0	$0
LUKE FILLMORE	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY HEFFERNAN	DIRECTOR	1.00	Director	$0	$0	$0
SHARON HOTZ	CHAIR	1.00	Officer Director	$0	$0	$0
MATT JOHNSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
RICKI OSBORN-STUBBS	DIRECTOR	1.00	Director	$0	$0	$0
BOB SINGER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA WHALEY	DIRECTOR	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
2024	$1,302,691	$615,493	$24,466,003	$687,198
2023	$1,242,473	$591,577	$23,060,857	$650,896
2022	$624,280	$693,289	$20,822,416	$-69,009
2021	$1,260,047	$891,284	$23,562,158	$368,763
2020	$711,640	$764,268	$21,922,915	$-52,628
2019	$1,137,816	$769,694	$21,046,674	$368,122
2018	$1,166,168	$1,571,322	$18,886,264	$-405,154

FRIENDSHIP HAVEN MEMORIAL FOUNDATION