FRIENDSHIP EDUCATION FOUNDATION (EIN 464655147) - 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

2014

Legal Domicile

Principal Officer

JOE HARRIS III

Phone

2022811700

Tax Period

2022-07-01 to 2023-06-30

FRIENDSHIP EDUCATION FOUNDATION, founded in 2014, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

FRIENDSHIP EDUCATION FOUNDATION TAKES A WHOLE-CHILD APPROACH TO EDUCATION. TEACHERS, ADMINISTRATORS, COUNSELORS, AND SUPPORT STAFF WORK TOGETHER TO MEET THE INTELLECTUAL, SOCIAL, BEHAVIORAL, AND EMOTIONAL NEEDS OF EACH AND EVERY CHILD SERVED. THE AIM IS TO ENSURE THAT STUDENTS ARE PREPARED FOR SUCCESS IN COLLEGE AND IN LIFE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,215,816

Program Service Revenue $2,546,605

Investment Income $232

Other Revenue $0

TOTAL REVENUE $3,762,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $961,636

Fundraising Expenses $24,041

Program Expenses $3,050,451

Other Expenses $3,021,403

TOTAL EXPENSES $3,983,039

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,762,653	$3,433,001	+0.1%
Expenses	$3,983,039	$3,085,899	+0.3%
Net Income	$-220,386	$347,102	-1.6%

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

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

$292,956

Total Directors

$66,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE H HARRIS III	CEO	40.00	Officer	$213,149	$13,140	$226,289
PHONG TRAN	COO	40.00	Highest	$182,699	$29,811	$212,510
RAYMOND IVEY	DIRECTOR OF PROGRAMMING	40.00	Highest	$128,612	$21,857	$150,469
DONALD L HENSE	CHAIRMAN	4.00	Officer Director	$66,667	$0	$66,667
GILBERT E DELORME	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
DARRIN GLYMPH	TRUSTEE	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
2023	$3,762,653	$3,983,039	$20,371,420	$-220,386
2022	$3,433,001	$3,085,899	$15,205,409	$347,102
2021	$1,999,215	$2,329,978	$9,661,346	$-330,763
2020	$1,547,645	$2,041,186	$10,322,455	$-493,541
2019	$2,931,022	$2,238,090	$8,574,823	$692,932
2018	$1,007,214	$986,853	$2,333,871	$20,361

FRIENDSHIP EDUCATION FOUNDATION