FRIENDS OF FLANCE CENTER (EIN 461721707) - 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

RICHARD BARON

Phone

3144214100

Tax Period

2021-01-01 to 2021-08-16

FRIENDS OF FLANCE CENTER, founded in 2012, is a small nonprofit that reported $161K in total revenue in fiscal year 2021. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $6.9M exceeded revenue, resulting in a 4170% operating deficit.

Mission

SUPPORT THE I JEROME AND ROSEMARY FLANCE EARLY CHILDHOOD EDUCATION CENTER AT MURPHY PARK.

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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 (2021)

Revenue Breakdown

Contributions & Grants $138,753

Program Service Revenue $21,875

Investment Income $0

Other Revenue $0

TOTAL REVENUE $160,628

Expense Breakdown

Grants Paid $107,462

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,830,212

Other Expenses $6,750,710

TOTAL EXPENSES $6,858,172

Year-over-Year Comparison

	2021	2020	Change
Revenue	$160,628	$87,904	+0.8%
Expenses	$6,858,172	$34,036	+200.5%
Net Income	$-6,697,544	$53,868	-125.3%

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

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
RICHARD BARON	PRESIDENT / DIRECTOR	1.00	Officer Director	$0	$0	$0
SUSAN GLASSMAN	SECRETARY / DIRECTOR	1.00	Officer Director	$0	$0	$0
WILLIAM CARSON	TREASURER / DIRECTOR	1.00	Officer Director	$0	$0	$0
SARAH SMITH	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
2021	$160,628	$6,858,172	No data	$-6,697,544
2020	$87,904	$34,036	$6,850,916	$53,868
2019	$289,833	$312,855	$6,796,133	$-23,022
2018	$258,700	$314,574	$6,817,494	$-55,874

FRIENDS OF FLANCE CENTER