Friends of Prescott Inc (EIN 474742091) - Form 990 Financial Analysis & Trantor Score

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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

Phone

9784485381

Tax Period

2024-01-01 to 2024-12-31

Friends of Prescott Inc, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $365K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum.

Mission

Friends of Prescott, Inc. provides support and promotes community programs and activities for children, teens and adults in the areas of education, health, the arts, and physical education.

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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 (2024)

Revenue Breakdown

Contributions & Grants $103,437

Program Service Revenue $263,585

Investment Income $68

Other Revenue $-1,660

TOTAL REVENUE $365,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,366

Fundraising Expenses $0

Program Expenses $154,238

Other Expenses $212,341

TOTAL EXPENSES $362,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,430	$229,769	+0.6%
Expenses	$362,707	$306,682	+0.2%
Net Income	$2,723	$-76,913	-1.0%

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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR S LANE JR	President	2.00	Director	$0	$0	$0
JEFFREY ALLEN GORDON	Vice President	2.00	Director	$0	$0	$0
JULIE L SUTHERLAND -PLATT	Clerk	1.00	Director	$0	$0	$0
CHRISTOPHER ANDREW DAVIS	Treasurer	1.00	Director	$0	$0	$0
KRISTA ANN DAVEY	Board Member	1.00	Director	$0	$0	$0
ANDREW C GEORGE JR	Board Member	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
2024	$365,430	$362,707	$37,394	$2,723
2023	$229,769	$306,682	$4,293	$-76,913
2022	$199,563	$263,437	$61,212	$-63,874
2021	$178,903	$133,081	$118,380	$45,822

Friends of Prescott Inc