FRIENDS WITH BENEFITS FUND (EIN 475089408) - 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

Principal Officer

GEORGE F CLAUSSEN IV

Phone

7063732223

Tax Period

2019-01-01 to 2019-12-31

FRIENDS WITH BENEFITS FUND, founded in 2015, is a small nonprofit that reported $377K in total revenue in fiscal year 2019. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $443K exceeded revenue, resulting in a 17% operating deficit.

Mission

FRIENDS WITH BENEFITS IS BUILT ON A SOCIAL MISSION WITH A FOCUS ON COMMUNITY-DRIVEN EVENTS WITH WORLD-CLASS ENTERTAINMENT THROUGH THE LIVE CONCERT EXPERIENCE. OUR CORE BELIEF IS "THE MUSIC WILL GIVE AND BECAUSE OF THAT STRONG BELIEF, WE HAVE CREATED ANNUAL EVENTS THAT BENEFIT WORTHY CHARITIES UNDER FRIENDS WITH BENEFITS FUND.

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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 (2019)

Revenue Breakdown

Contributions & Grants $43,800

Program Service Revenue $333,357

Investment Income $0

Other Revenue $0

TOTAL REVENUE $377,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $443,088

Other Expenses $443,088

TOTAL EXPENSES $443,088

Year-over-Year Comparison

	2019	2018	Change
Revenue	$377,157	$833,581	-0.5%
Expenses	$443,088	$841,582	-0.5%
Net Income	$-65,931	$-8,001	+7.2%

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

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
GEORGE F CLAUSSEN IV	PRESIDENT	30.00	Officer Director	$0	$0	$0
HANK WHARTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN BRITTINGHAM	SECRETARY	5.00	Officer Director	$0	$0	$0
LISA TAYLOR	TREASURER	40.00	Officer Director	$0	$0	$0
VIRGINIA CLAUSSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
VINCENT IWINSKI	BOARD MEMBER	5.00	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
2019	$377,157	$443,088	$3,687	$-65,931
2018	$833,581	$841,582	No data	$-8,001
2017	$241,194	$231,494	$7,619	$9,700

FRIENDS WITH BENEFITS FUND