DOC'S FRIENDS INC (EIN 454367414) - 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

2012

Legal Domicile

Principal Officer

JOSH WELLS

Phone

3163589894

Tax Period

2024-01-01 to 2024-12-31

DOC'S FRIENDS INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 11% surplus.

Mission

TO ACQUIRE, RESTORE, AND DISPLAY HISTORIC AIRCRAFT PARTICULARLY THOSE OF SIGNIFICANCE TO THE WICHITA, KS COMMUNITY.

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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 $229,436

Program Service Revenue $1,285,149

Investment Income $62,531

Other Revenue $208,511

TOTAL REVENUE $1,785,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,350,401

Other Expenses $1,587,879

TOTAL EXPENSES $1,587,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,785,627	$1,282,169	+0.4%
Expenses	$1,587,879	$1,127,798	+0.4%
Net Income	$197,748	$154,371	+0.3%

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

200

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
LYNN NICHOLS	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF TURNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF PEIER	SECRETARY	1.50	Officer Director	$0	$0	$0
JOSH WELLS	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
MARK PAOLUCCI	DIRECTOR	8.00	Director	$0	$0	$0
SAM FREY	DIRECTOR	0.50	Director	$0	$0	$0
BRAD GORSUCH	DIRECTOR	0.50	Director	$0	$0	$0
RON D RYAN	DIRECTOR	0.50	Director	$0	$0	$0
TONY MAZZOLINI	DIRECTOR	0.50	Director	$0	$0	$0
JIM MURPHY	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY MCMILLIN	DIRECTOR	0.50	Director	$0	$0	$0
ALAN YOUNG	DIRECTOR	0.50	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	$1,785,627	$1,587,879	$12,198,099	$197,748
2023	$1,282,169	$1,127,798	$11,942,353	$154,371
2022	$1,458,704	$1,474,507	$12,039,659	$-15,803
2021	$1,472,500	$1,590,954	$10,795,174	$-118,454
2020	$1,198,063	$1,184,399	$10,834,616	$13,664
2019	$2,527,298	$1,784,997	$10,787,860	$742,301
2018	$4,462,951	$875,632	$9,976,922	$3,587,319

DOC'S FRIENDS INC