CIRCLE OF CARING FRIENDS

EIN: 472442996 501(c)(3) Human Services

Milton, WA

Total Revenue
$664,542
Total Expenses
$872,163
Total Assets
$168,251
Net Assets
$165,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
WA
Tax Period
2023-01-01 to 2023-12-31

CIRCLE OF CARING FRIENDS, founded in 2014, is a small nonprofit in the Human Services sector that reported $665K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $872K exceeded revenue, resulting in a 31% operating deficit.

Mission

Purpose of Circle of Caring Friends is to bring hope for a better future to orphaned children worldwide through cultural exchange education financial assistance and special programs. We provide temporary support with shelter and development of necessary skills to girls and boys who graduate from orphanages in Ukraine to help them smoothly integrate into society. Our programs include organization of camps for kids especially orphans to improve physical health as well as grow spiritually and emotionally visiting orphanages with special ed programs sending out groups of trainer volunteers to other counties to organize summer camps for underprivileged children and organization of other social activities with support development of youth and children.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $590,372
Program Service Revenue $74,170
Investment Income $0
Other Revenue $0
TOTAL REVENUE $664,542

Expense Breakdown

Grants Paid $817,735
Salaries & Benefits $20,989
Fundraising Expenses $0
Program Expenses $769,240
Other Expenses $33,439
TOTAL EXPENSES $872,163

Year-over-Year Comparison

2023 2022 Change
Revenue $664,542 $820,833 -0.2%
Expenses $872,163 $889,259 0.0%
Net Income $-207,621 $-68,426 +2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
1
Volunteers
25

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYUBOV VASILYUK DIRECTOR 12.00
Officer
$0 $0 $0
MIKHAIL YURIN PRESIDENT 5.00
Officer
$0 $0 $0
VIKTOR VASILYUK DONATIONS ASSISTANT 12.00
Officer
$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
2024 No data No data No data No data
2023 $664,542 $872,163 $168,251 $-207,621
2022 $820,833 $889,259 $376,631 $-68,426
2021 $968,096 $1,123,014 $444,948 $-154,918
2020 $1,218,560 $867,637 $597,050 $350,923
2019 $684,254 $508,119 $245,858 $176,135
2018 $441,713 $500,767 $69,666 $-59,054
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