FRIENDS OF MIKE CLEMENT

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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

MARK L CASEY

Phone

5126198336

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF MIKE CLEMENT, founded in 2014, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $12K, a strong 47% operating margin.

Mission

Raise funds to award college scholarships to deserving students in the Goose Creek Consolidated Independent School District in Texas. These efforts are in honor of the life and work of our friend Mike Clement.

Program Service Accomplishments

Program 1

In 2022 we awarded eleven 11 1,000 scholarships to graduating seniors in the Goose Creek Consolidated Independent School District in Texas. Seven of the scholarships were funded in 2022. The others...

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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 $26,088

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $26,105

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $0

Fundraising Expenses $6,712

Other Expenses $6,712

TOTAL EXPENSES $13,712

Year-over-Year Comparison

	2022	2021	Change
Revenue	$26,105	$22,774	+0.1%
Expenses	$13,712	$17,103	-0.2%
Net Income	$12,393	$5,671	+1.2%

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

N/A

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
MARK CASEY	DIRECTOR	002.00	Director	$0	$0	$0
DAVID CLEMENT	DIRECTOR	N/A	Director	$0	$0	$0
RON LAWHON	DIRECTOR	002.00	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
2022	$26,105	$13,712	$41,601	$12,393