FRIENDS OF COF FOUNDATION 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

2015

Legal Domicile

Principal Officer

BRAD CARLSON

Phone

7852425035

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF COF FOUNDATION INC, founded in 2015, is a small nonprofit in the Education sector that reported $152K in total revenue in fiscal year 2023. The organization ran a surplus of $116K, a strong 76% operating margin.

Mission

FRIENDS OF COF FOUNDATION, INC. EXISTS TO PROMOTE AND FURTHER THE ADVANCEMENT OF SERVICES AND FACILITIES AVAILABLE THROUGH OR IN CONJUCTION WITH COF TRAINING SERVICES, INC. (COF), A KANSAS NOT-FOR-PROFIT CHARITABLE CORPORATION, INCLUDING TO ENCOURAGE AND FACILITATE THE CONTRIBUTION OF FUNDS FOR THE USE AND BENEFIT OF COF.

Program Service Accomplishments

Program 1

Expenses: $36,280 Revenue: $41,885

RAISED 78,218 IN GENERAL FUNDS THROUGH PUBLIC DONATIONS FOR COF RELATED ENTITIES. CONTRIBUTED 11,068 TO COF TRAINING SERVICE INC AS A GRANT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $36,333

Program Service Revenue $41,885

Investment Income $73,709

Other Revenue $0

TOTAL REVENUE $151,927

Expense Breakdown

Grants Paid $11,608

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,280

Other Expenses $24,672

TOTAL EXPENSES $36,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,927	$140,881	+0.1%
Expenses	$36,280	$91,532	-0.6%
Net Income	$115,647	$49,349	+1.3%

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

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

$169,124

Total Directors

$65,874

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GRIFFIN	CFO	2.00	Officer	$0	$0	$103,250
CRAIG EVANS	VICE CHAIR	2.00	Officer Director	$0	$0	$65,874
REBECCA ALDERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOY BEATTY	DIRECTOR	1.00	Director	$0	$0	$0
ERIN BRICKER	TREASURER	2.00	Officer Director	$0	$0	$0
BRAD CARLSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BROOKE DRODDY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HORNUNG	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA HORNUNG	DIRECTOR	1.00	Director	$0	$0	$0
REBEKAH MCCURDY	DIRECTOR	1.00	Director	$0	$0	$0
AMY RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
JARED STERLING	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$151,927	$36,280	$743,848	$115,647
2023	$140,881	$91,532	$628,201	$49,349
2022	$58,038	$26,561	$580,733	$31,477
2021	$120,200	$26,503	$538,260	$93,697