FRIENDSHIP VILLAGE OF SOUTH COUNTY (EIN 431155242) - 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

1976

Legal Domicile

Principal Officer

JAMES T WALSH

Phone

3148426840

Tax Period

2023-07-01 to 2024-06-30

FRIENDSHIP VILLAGE OF SOUTH COUNTY, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $61.5M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

BE AN EXCELLENT RESOURCE IN ALL ASPECTS OF SENIOR SERVICES - SUPPORTING BODY, MIND AND SPIRIT.

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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 $8,590,039

Program Service Revenue $49,022,863

Investment Income $3,547,878

Other Revenue $384,498

TOTAL REVENUE $61,545,278

Expense Breakdown

Grants Paid $8,488

Salaries & Benefits $24,749,962

Fundraising Expenses $0

Program Expenses $51,241,998

Other Expenses $35,808,142

TOTAL EXPENSES $60,566,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,545,278	$47,214,543	+0.3%
Expenses	$60,566,592	$59,314,605	+0.0%
Net Income	$978,686	$-12,100,062	-1.1%

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

766

Volunteers

152

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

$1,546,915

Total Directors

$597,502

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH UTLEY	CHAIR	2.00	Officer Director	$0	$0	$10,000
JEFFERY L KLINGER	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSH WRIGHT	TREASURER	1.00	Officer Director	$0	$0	$12,000
CINDY BOLSTAD	BOARD MEMBER	1.00	Director	$0	$0	$10,000
BOB BROCKHAUS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE BOUCKAERT	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES T WALSH	PRESIDENT, CEO, FVSH ED	14.00	Officer Director	$0	$27,629	$565,502
KATHY FRANCESCON	CFO	14.00	Officer	$0	$22,624	$310,364
CARMEN FRONCZAK	CHIEF REVENUE OFFICER	14.00	Officer	$0	$23,124	$383,451
GAYLE RANDA	CHIEF HUMAN RESOURCES OFFICER	14.00	Officer	$0	$22,705	$265,598
BOBBIE LIVERAR	ADMINISTRATOR, CARE CENTER	40.00	Highest	$0	$19,423	$169,948
JAMES HUNZE	FOOD SERVICE DIRECTOR	40.00	Highest	$0	$10,792	$143,339
MARY BATHA	DIRECTOR OF NURSING	40.00	Highest	$0	$10,531	$142,327
NICOLE SUMMERS	ADMINISTRATOR, ASSISTED LIVING	40.00	Highest	$0	$8,967	$141,851
JESSICA JONES	LPN	40.00	Highest	$0	$19,612	$129,164

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	$61,545,278	$60,566,592	$292,201,197	$978,686
2023	$47,214,543	$59,314,605	$281,226,296	$-12,100,062
2022	$47,421,576	$58,097,862	$278,025,654	$-10,676,286
2021	$44,131,100	$50,925,211	$305,494,367	$-6,794,111
2020	$36,200,772	$39,788,409	$308,102,279	$-3,587,637
2019	$38,298,381	$37,308,101	$302,677,619	$990,280
2018	$35,995,872	$35,616,055	$208,342,837	$379,817

FRIENDSHIP VILLAGE OF SOUTH COUNTY