Friends of Agape (EIN 462853104) - 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

2013

Legal Domicile

Phone

7196485524

Tax Period

2024-04-01 to 2025-03-31

Friends of Agape, founded in 2013, is a community nonprofit in the Religion sector that reported $6.9M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $8.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

Strengthening churches, training, Bible translation, serving the poor.

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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 $6,702,605

Program Service Revenue $0

Investment Income $201,290

Other Revenue $1,610

TOTAL REVENUE $6,905,505

Expense Breakdown

Grants Paid $3,451,911

Salaries & Benefits $82,428

Fundraising Expenses $242,661

Program Expenses $7,830,928

Other Expenses $4,840,698

TOTAL EXPENSES $8,375,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,905,505	$8,493,848	-0.2%
Expenses	$8,375,037	$8,758,874	0.0%
Net Income	$-1,469,532	$-265,026	+4.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Harold Overstreet	Board Chairman	3.0	Officer Director	$0	$0	$0
Ryan Koeniger	Board Secretary	3.0	Officer Director	$0	$0	$0
Jennifer Coghlan	Board Member	3.0	Director	$0	$0	$0
Ken Axt	Board Member	3.0	Director	$0	$0	$0
Name Withheld for Security Concerns	Board Member	3.0	Director	$0	$0	$0
Rosamma Finney	Board Member	3.0	Director	$0	$0	$0
Ryan Paterson	Board Member (Part Year)	3.0	Director	$0	$0	$0
Bob Dinolfo	Treasurer	3.0	Officer	$0	$0	$0
Stephen Hoffman	Executive Director	25.0	Officer	$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	$6,905,505	$8,375,037	$6,436,828	$-1,469,532
2024	$8,493,848	$8,758,874	$6,288,568	$-265,026
2023	$9,731,898	$7,378,049	$6,541,023	$2,353,849
2022	$6,519,615	$4,628,849	$4,196,247	$1,890,766
2021	$4,621,493	$3,548,651	$2,749,231	$1,072,842
2020	$3,479,401	$2,945,373	$1,233,149	$534,028
2019	$2,367,356	$1,983,955	$671,625	$383,401

Friends of Agape