Kirkland, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OLD FRIENDS CLUB, founded in 2015, is a micro nonprofit in the Health Care sector that reported $97K in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring.
Old Friends Clubs offers engaging activities and a sense of belonging for people living with dementia, and affordable respite for their care partners. Our mission is to cultivate joy in the lives of adults with cognitive challenges and nourish the well-being of caregivers.
Old Friend Club operated in three locations for the first 3 months of 2020, providing much needed caregiver respite and support. As COVD-19 restrictions developed these programs closed. Program...
Old Friend Club operated in three locations for the first 3 months of 2020, providing much needed caregiver respite and support. As COVD-19 restrictions developed these programs closed. Program revenues which were prepaid, were returned to the participant. After the programs closed due to Covid, OFC researched and assembled community resources for virtual support and events and and presented them in twice monthly newsletters to keep caregiving families connected and informed.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $96,769 | $302,092 | -0.7% |
| Expenses | $101,351 | $246,941 | -0.6% |
| Net Income | $-4,582 | $55,151 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Karen Koenig | Executive Director | 25 |
Director
|
$12,350 | $0 | $12,350 |
| Tom Dietz | Chairman | 0 |
Director
|
$0 | $0 | $0 |
| Larry Benitez | Secretary | 0 |
Director
|
$0 | $0 | $0 |
| Jack Hurley | Treasuer | 0 |
Director
|
$0 | $0 | $0 |
| Allyson Shrier | Trustee | 0 |
Director
|
$0 | $0 | $0 |
| Abigail Brown | Trustee | 0 |
Director
|
$0 | $0 | $0 |
| Bob Delf | Trustee | 5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $96,769 | $101,351 | $51,903 | $-4,582 |
| 2019 | $302,092 | $246,941 | $57,785 | $55,151 |
Compare OLD FRIENDS CLUB with other nonprofits in Washington and across the country.