FRIEND SHIPS (EIN 462878325) - 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

Principal Officer

Don Tipton

Phone

3374335022

Tax Period

2024-06-01 to 2025-05-31

FRIEND SHIPS, founded in 2013, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $685K, a strong 42% operating margin.

Mission

Friend Ships provides humanitarian aid, medical services and disaster relief to victims of natural disaster, war and poverty.

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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 $1,614,885

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,614,885

Expense Breakdown

Grants Paid $693,762

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $912,628

Other Expenses $235,951

TOTAL EXPENSES $929,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,614,885	$1,162,719	+0.4%
Expenses	$929,713	$414,610	+1.2%
Net Income	$685,172	$748,109	-0.1%

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
Donald H Tipton	Executive Director, President	20	Officer Director Key Emp	$0	$0	$0
Sandra Tipton	Director, Secretary	20	Officer Director Key Emp	$0	$0	$0
Teresa Shields	Director, Treasurer	35	Officer Director Key Emp	$0	$0	$0
Raymond George	Director	2	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	$1,614,885	$929,713	$3,995,943	$685,172
2024	$1,162,719	$414,610	$3,310,771	$748,109
2023	$195,544	$326,017	$2,562,662	$-130,473
2022	$1,634,834	$1,723,215	$2,732,214	$-88,381
2021	$1,372,784	$1,428,396	$2,655,595	$-55,612

FRIEND SHIPS