FRIENDS OF 400 FOUNDATION (EIN 471163974) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

SHELLIE MITCHELL

Phone

2566033395

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF 400 FOUNDATION, founded in 2014, is a small nonprofit in the Unknown sector that reported $243K in total revenue in fiscal year 2022. The organization ran a surplus of $188K, a strong 77% operating margin.

Mission

THE GOAL OF FRIENDS OF 400 IS TO ADDRESS THE PHYSICAL, SPIRITUAL, EMOTIONAL AND RELATIONAL POVERTY EXPERIENCED BY THE CHILDREN LIVING IN THE PUBLIC HOUSING NEIGHBORHOODS OF INNER-CITY HUNTSVILLE. WE STRIVE TO ASSIST THESE FAMILIES WITH OPPORTUNITIES TO REACH THEIR FULL POTENTIAL. OUR VOLUNTEERS/DONORS WORK WITH THE ENTIRE FAMILY TO MAKE SURE THE CHILDREN HAVE THE STABILITY TO FOCUS ON SCHOOL, EXTRA-CURRICULAR ACTIVITIES AND REACHING THEIR POTENTIAL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $134,831

Program Service Revenue $0

Investment Income $6,819

Other Revenue $0

TOTAL REVENUE $141,650

Expense Breakdown

Grants Paid $74,470

Salaries & Benefits $173,263

Fundraising Expenses $0

Program Expenses $340,470

Other Expenses $106,537

TOTAL EXPENSES $354,270

Year-over-Year Comparison

	2025	2024	Change
Revenue	$141,650	$281,857	-0.5%
Expenses	$354,270	$311,371	+0.1%
Net Income	$-212,620	$-29,514	+6.2%

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

$66,700

Total Directors

$66,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLIE MITCHELL	PRESIDENT/TREASURER	33.00	Officer Director	$66,700	$0	$66,700
BRENT MITCHELL	SECRETARY	3.00	Officer Director	$0	$0	$0
KERI FLETCHER	VICE PRESIDENT	6.00	Officer 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	$141,650	$354,270	$251,357	$-212,620
2024	$281,857	$311,371	$413,281	$-29,514
2023	$352,584	$169,018	$469,980	$183,566
2022	$242,754	$55,149	$254,272	$187,605

FRIENDS OF 400 FOUNDATION