Friends of Recovery Inc

EIN: 472479216 501(c)(3) Human Services

Greenfield, IN

Total Revenue
$235,835
Total Expenses
$268,112
Total Assets
$14,423
Net Assets
$10,311
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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
IN
Principal Officer
GARY E WRIGHT
Phone
3174679899
Tax Period
2022-01-01 to 2022-12-31

Friends of Recovery Inc, founded in 2014, is a small nonprofit in the Human Services sector that reported $236K in total revenue in fiscal year 2022. Expenses of $268K exceeded revenue, resulting in a 14% operating deficit.

Mission

To provide facilities and programs to restore sober living

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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 (2022)

Revenue Breakdown

Contributions & Grants $222,235
Program Service Revenue $13,600
Investment Income $0
Other Revenue $0
TOTAL REVENUE $235,835

Expense Breakdown

Grants Paid $23,936
Salaries & Benefits $163,365
Fundraising Expenses $2,204
Program Expenses $183,408
Other Expenses $80,811
TOTAL EXPENSES $268,112

Year-over-Year Comparison

2022 2021 Change
Revenue $235,835 $229,347 +0.0%
Expenses $268,112 N/A N/A
Net Income $-32,277 $229,347 -1.1%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE PHELPS Chariman N/A
Officer
$0 $0 $0
GARY WRIGHT Vice Presidnet N/A
Officer
$0 $0 $0
CAROL WRIGHT Secretary N/A
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
2022 $235,835 $268,112 $14,423 $-32,277
2021 $229,347 $250,799 $137,401 $-21,452
2020 $244,656 $203,513 $212,389 $41,143
2018 $263,817 $298,610 $66,496 $-34,793
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