FRIENDS OF RCQ INC (EIN 451000160) - 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

2011

Legal Domicile

Principal Officer

ARIE KAPLAN

Phone

3234012329

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF RCQ INC, founded in 2011, is a small nonprofit in the Education sector that reported $429K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $527K exceeded revenue, resulting in a 23% operating deficit.

Mission

FRIENDS OF RCQ INC HAS BEEN ABLE TO HELP THE RABBINICAL COLLEGE OF QUEBEC, CANADA, THAT CURRENTLY EDUCATES APPROXIMATELY ONE HUNDRED YOUNG ADULTS IN ITS FACILITY.

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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 $428,937

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $428,938

Expense Breakdown

Grants Paid $399,000

Salaries & Benefits $0

Fundraising Expenses $4,452

Program Expenses $468,887

Other Expenses $128,264

TOTAL EXPENSES $527,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,938	$475,251	-0.1%
Expenses	$527,264	$481,877	+0.1%
Net Income	$-98,326	$-6,626	+13.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEVY LIEBERMAN	TREASURER	1.00	Director	$0	$0	$0
ESTHER KATZMAN	SECRETARY	2.50	Director	$0	$0	$0
ARIE KAPLAN	PRESIDENT	5.00	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	No data	No data	No data	No data
2023	$428,938	$527,264	$114,730	$-98,326
2022	$475,251	$481,877	$213,056	$-6,626
2021	$223,635	$139,079	$219,682	$84,556
2020	$286,373	$227,556	$135,126	$58,817
2019	$382,804	$375,561	$76,308	$7,243
2018	$240,558	$270,151	$69,063	$-29,593

FRIENDS OF RCQ INC