FRIENDSHIP HOUSE INC

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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

1968

Legal Domicile

Principal Officer

JIM TRUELL

Phone

3083820422

Tax Period

2022-07-01 to 2023-06-30

FRIENDSHIP HOUSE INC, founded in 1968, is a community nonprofit in the Mental Health sector that reported $1.5M in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 8% surplus.

Mission

TO PROVIDE A THERAPEUTIC ENVIRONMENT FOR ADULTS RECOVERING FROM SUBSTANCE ABUSE, TO AID IN THE TRANSITION TO THE NEXT PHASE OF THEIR RECOVERY.

Program Service Accomplishments

Program 1

Expenses: $636,556 Revenue: $640,496

TO AID RESIDENTS WITH REHABILITATION FROM DRUG AND ALCOHOL ADDICTIONS. RESIDENTS ARE ASSISTED IN MAKING NECESSARY ADJSUTMENTS TO REGAIN AND MAINTAIN A NORMAL LIFE.

Program 2

Expenses: $29,195 Revenue: $17,337

TO PROVIDE A HALF-WAY HOUSE IN THE REHABILITATION OF SUBSTANCE ABUSE INDIVIDUALS AND ASSIST IN MAKING NECESSARY ADJUSTMENTS.

Program 3

Expenses: $509,341 Revenue: $425,743

FRIENDSHIP HOUSE COUNSELING CLINIC (FHCC) PROVIDES CULTURALLY AND LINGUISTICALLY APPROPRIATE SERVICES THAT INCLUDE, BUT ARE NOT LIMITED TO, INDIVIDUAL, GROUP AND FAMILY COUNSELING AND EDUCATION ON...

FRIENDSHIP HOUSE COUNSELING CLINIC (FHCC) PROVIDES CULTURALLY AND LINGUISTICALLY APPROPRIATE SERVICES THAT INCLUDE, BUT ARE NOT LIMITED TO, INDIVIDUAL, GROUP AND FAMILY COUNSELING AND EDUCATION ON WELLNESS, RECOVERY, AND RESILIENCY. WE OFFER COMPREHENSIVE, COORDINATED, AND DEFINED SERVICES THAT MAY VARY IN LEVEL OF INTENSITY. OUTPATIENT PROGRAMS MAY ADDRESS VARIETY OF NEEDS SUCH AS CO-OCCURING COMPLEXITIES, SITUATIONAL STRESSORS, FAMILY RELATIONS, INTERPERSONAL RELATIONSHIPS, MENTAL HEALTH ISSUES, AND SUBSTANCE USE DISORDERS, TO NAME A FEW. SERVICES ARE PROVIDED AS A TEAM APPROACH, INCLUDING OTHER SERVICES THE PERSON IS INVOLVED WITH AS WELL AS THE NATURAL SUPPORT SYSTEM OF THE INDIVIDUAL(S). THE CLINIC IS COMPRISED OF LICENSED AND PROVISIONALLY LICENSED COUNSELORS IN BOTH MENTAL HEALTH AND SUBSTANCE ABUSE.

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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 $390,006

Program Service Revenue $1,083,549

Investment Income $14,686

Other Revenue $27

TOTAL REVENUE $1,488,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,007,415

Fundraising Expenses $0

Program Expenses $1,175,092

Other Expenses $361,702

TOTAL EXPENSES $1,369,117

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,488,268	$1,243,445	+0.2%
Expenses	$1,369,117	$1,072,876	+0.3%
Net Income	$119,151	$170,569	-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

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

$132,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BRAESCH	TREASURER	0.50	Director	$0	$0	$0
CESAR DURAN	BOARD MEMBER	0.50	Director	$0	$0	$0
HAROLD REUTTER	BOARD MEMBER	0.50	Director	$0	$0	$0
SANDRA BERGGREN	SECRETARY	1.00	Director	$0	$0	$0
DEBRA WAGNER	BOARD MEMBER	0.50	Director	$0	$0	$0
BERNIE SOMMER	PRESIDENT (THRU 2/22/2024)	1.00	Officer	$0	$0	$0
JIM TRUELL	VICE-PRESIDENT (AS OF 2/22/2024)	1.00	Officer	$0	$0	$0
CHERYL WASSON	FINANCE DIRECTOR	40.00	Officer	$49,904	$1,497	$51,401
TARA LESIAK	EXECUTIVE DIRECTOR	40.00	Officer	$78,606	$2,358	$80,964

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,488,268	$1,369,117	$1,506,859	$119,151
2022	$1,243,445	$1,072,876	$1,390,205	$170,569
2021	$1,229,992	$1,073,204	$1,519,405	$156,788
2020	$1,057,524	$1,154,060	$1,441,816	$-96,536
2019	$1,075,000	$1,077,953	$1,376,141	$-2,953
2018	$1,136,854	$1,152,734	$1,359,220	$-15,880