Friends of the Heralds NFP

EIN: 453819056 501(c)(3)

Wheaton, IL

Total Revenue
$157,699
Total Expenses
$157,848
Total Assets
$30,129
Net Assets
$30,129
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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
2012
Legal Domicile
IL
Principal Officer
Mark D Glassman
Phone
6302933000
Tax Period
2025-01-01 to 2025-12-31

Friends of the Heralds NFP, founded in 2012, is a small nonprofit that reported $158K in total revenue in fiscal year 2025. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

The advancement of religion by the spreading of gospel music and evangelism amongst young people within Britian or abroad.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $157,699
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $157,699

Expense Breakdown

Grants Paid $155,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $155,000
Other Expenses $2,848
TOTAL EXPENSES $157,848

Year-over-Year Comparison

2025 2024 Change
Revenue $157,699 $106,044 +0.5%
Expenses $157,848 $82,730 +0.9%
Net Income $-149 $23,314 -1.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Linnane President 2.00
Officer Director
$0 $0 $0
Vonla A Glassman Secretary 2.00
Officer Director
$0 $0 $0
Mark D Glassman Treasurer 2.00
Officer Director
$0 $0 $0
Tim Gemmel Director 1.00
Director
$0 $0 $0
Debbie Duncan Director 1.00
Director
$0 $0 $0
Robert Bell Director 1.00
Director
$0 $0 $0
Lanny Gunter Director 1.00
Director
$0 $0 $0
Brian Garbade Director 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 $157,699 $157,848 $30,129 $-149
2024 $106,044 $82,730 $30,278 $23,314
2023 $60,977 $67,602 $6,964 $-6,625
2022 $88,346 $103,929 $13,589 $-15,583
2021 $59,380 $62,216 $29,172 $-2,836
2020 $60,169 $44,051 $32,008 $16,118
2019 $219,830 $238,729 $15,890 $-18,899
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