THE FRIENDS OF ASBA INC

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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

ELLEN WHITE

Phone

6022541100

Tax Period

2022-07-01 to 2023-06-30

THE FRIENDS OF ASBA INC, founded in 2011, is a micro nonprofit that reported $77K in total revenue in fiscal year 2022. Revenue surged 145% from the prior year, signaling strong growth momentum. Expenses of $145K exceeded revenue, resulting in a 88% operating deficit.

Mission

TO PROVIDE SOCIAL WELFARE, EDUCATIONAL, AND CHARITABLE PURPOSES THAT INCLUDES THE ADVANCEMENT OF PUBLIC EDUCATION IN THE STATE OF ARIZONA.

Program Service Accomplishments

Program 1

Expenses: $143,153 Revenue: $77,220

REPRESENTATION OF PUBLIC EDUCATION INTERESTS IN DISCUSSION, DEBATES, AND ACTIONS WHERE PUBLIC EDUCATION IS POTENTIALLY IMPACTED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,936

Program Service Revenue $0

Investment Income $64,284

Other Revenue $0

TOTAL REVENUE $77,220

Expense Breakdown

Grants Paid $45,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,153

Other Expenses $99,918

TOTAL EXPENSES $144,918

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,220	$31,556	+1.4%
Expenses	$144,918	$72,841	+1.0%
Net Income	$-67,698	$-41,285	+0.6%

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

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

$219,026

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE SCHWEIGER-NITCHALS	DIRECTOR	1.00	Director	$0	$0	$0
RAE WATERS	DIRECTOR	1.00	Director	$0	$0	$0
Mike Hughes	DIRECTOR	1.00	Director	$0	$0	$0
DESIREE FOWLER	PRESIDENT/PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
Dr Sheila Harrison-Williams	Executive Director	2.00	Officer	$0	$4,800	$219,026
ANN O'BRIEN	PRESIDENT/PAST PRES	1.00	Officer Director	$0	$0	$0
MONICA TREJO	PRESIDENT/PAST PRES	1.00	Officer Director	$0	$0	$0
LILLIAN HRITZ	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BURKE	DIRECTOR/CHAIR	1.00	Director	$0	$0	$0
JAMES BRYCE	PRESIDENT/PAST PRESIDENT	1.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$77,220	$144,918	$1,098,139	$-67,698
2022	$31,556	$72,841	$1,165,837	$-41,285
2021	$95,981	$156,018	$1,349,706	$-60,037