FRIENDS OF THE FARRIS INC (EIN 431724799) - 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

1995

Legal Domicile

Principal Officer

JUSTIN WRISINGER

Phone

8167766684

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE FARRIS INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $151K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $191K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO MAINTAIN THE HISTORIC FARRIS THEATRE AS THE CENTERPIECE OF THE FARRIS ARTS DISTRICT AND TO CREATE, PROMOTE AND FOSTER THE FINE ARTS FOR CHARITABLE, LITERARY, CULTURAL AND EDUCATIONAL PURPOSES.

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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 $23,868

Program Service Revenue $81,374

Investment Income $16

Other Revenue $45,643

TOTAL REVENUE $150,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,107

Fundraising Expenses $0

Program Expenses $170,175

Other Expenses $121,394

TOTAL EXPENSES $190,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,901	$165,224	-0.1%
Expenses	$190,501	$167,841	+0.1%
Net Income	$-39,600	$-2,617	+14.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN WRISINGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
OPAL RICHARDSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
THOMAS WILLIAMSON	TREASURER	1.00	Officer Director	$0	$0	$0
KYRAH HORTON	SECRETARY	1.00	Officer Director	$0	$0	$0
SHERRY SMITH	MEMBER	1.00	Director	$0	$0	$0
COLE OLIPHANT	MEMBER	1.00	Director	$0	$0	$0
LACIE BOZARTH	MEMBER	1.00	Director	$0	$0	$0
FRAZER LETZIG	MEMBER	1.00	Director	$0	$0	$0
SHARI DONALDSON	MEMBER	1.00	Director	$0	$0	$0
MELINDA WHITE	MEMBER	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	$150,901	$190,501	$621,754	$-39,600
2024	$165,224	$167,841	$654,331	$-2,617
2023	$132,124	$187,243	$657,221	$-55,119
2022	$145,352	$134,529	$729,519	$10,823
2021	$135,718	$97,719	$740,675	$37,999
2020	$87,986	$120,015	$708,751	$-32,029
2019	$114,370	$145,419	$728,268	$-31,049

FRIENDS OF THE FARRIS INC