FRIENDS OF CHIMBOTE (EIN 450453441) - 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

1998

Legal Domicile

Principal Officer

Michael Smith

Phone

7013640162

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF CHIMBOTE, founded in 1998, is a community nonprofit in the International Affairs sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 4% surplus.

Mission

To support programs that improve and transform the lives of the poor of Chimbote Peru.

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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 $2,357,177

Program Service Revenue $0

Investment Income $80,543

Other Revenue $0

TOTAL REVENUE $2,437,720

Expense Breakdown

Grants Paid $1,876,625

Salaries & Benefits $373,194

Fundraising Expenses $198,659

Program Expenses $1,977,724

Other Expenses $95,175

TOTAL EXPENSES $2,344,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,437,720	$1,833,295	+0.3%
Expenses	$2,344,994	$1,800,016	+0.3%
Net Income	$92,726	$33,279	+1.8%

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

285

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

$143,933

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lucho Espejo	Board member	4.00	Director	$0	$0	$0
Mathias Samuel	Board member	4.00	Director	$0	$0	$0
James Hill	Board Member	4.00	Director	$0	$0	$0
Joseph Mikrut	Board member	4.00	Director	$0	$0	$0
Fr Thomas Graner	Board member	4.00	Director	$0	$0	$0
Connie Altringer	Board member	4.00	Director	$0	$0	$0
Eric Krueger	Chairman	12.00	Officer Director	$0	$0	$0
Brian Berg	Vice Chairman	4.00	Officer Director	$0	$0	$0
Michelle Jirik	Treasurer	4.00	Officer Director	$0	$0	$0
Brenda Kueger	Secretary	4.00	Officer Director	$0	$0	$0
Dan Kuzlik	Board member	4.00	Director	$0	$0	$0
Jaiden McCollum	Board member	4.00	Director	$0	$0	$0
Dan Kunkleman	Board member	4.00	Director	$0	$0	$0
Dan Mahli	Board member	4.00	Director	$0	$0	$0
Hubert Seiler	Board member	4.00	Director	$0	$0	$0
Kelli Kester	Board Member	4.00	Director	$0	$0	$0
Randy Althoff	Board Member	4.00	Director	$0	$0	$0
Michael Smith	Executive Director	40.00	Key Emp	$120,000	$23,933	$143,933

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	$2,437,720	$2,344,994	$1,234,362	$92,726
2023	$1,833,295	$1,800,016	$1,083,732	$33,279
2022	$1,663,396	$1,625,727	$1,004,005	$37,669
2021	$1,925,086	$1,725,818	$1,065,723	$199,268
2020	$1,416,196	$1,404,117	$767,840	$12,079
2018	$1,409,848	$1,607,132	$695,033	$-197,284

FRIENDS OF CHIMBOTE