FRIENDS OF YATES INC (EIN 480908425) - 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

1913

Legal Domicile

Principal Officer

LADORA LATTIMORE

Phone

9133211566

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF YATES INC, founded in 1913, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

TO CONTINUALLY PROVIDE SERVICES WHICH HELP TO INCREASE A SENSE OF IDENTITY IN CHILDREN, YOUTH, ADULTS AND SENIOR CITIZENS THAT WILL FACILITATE SAFE AND PRODUCTIVE LIVES.

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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 $2,496,465

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,496,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,425,776

Fundraising Expenses $3,304

Program Expenses $2,345,169

Other Expenses $1,108,467

TOTAL EXPENSES $2,534,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,496,465	$1,841,245	+0.4%
Expenses	$2,534,243	$1,554,751	+0.6%
Net Income	$-37,778	$286,494	-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

Governance

Voting Members

Independent Members

Employees

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

$69,167

Total Directors

$92,743

Key Employees

$56,277

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDEAN HORTON	PRESIDENT	5.00	Officer Director	$0	$0	$0
PHYLLIS TAYLOR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LADORA LATTIMORE	SECRETARY	5.00	Officer Director	$69,167	$0	$69,167
PAUL JONES	TREASURER	5.00	Officer Director	$0	$0	$0
JUDGE CANDICE ALCARAZ	MEMBER	1.00	Director	$0	$0	$0
PORTIA BLACK	MEMBER	1.00	Director	$0	$0	$0
ARZELIA GATES	MEMBER	1.00	Director	$0	$0	$0
EDWIN GETHERS	MEMBER	1.00	Director	$0	$0	$0
ROSALYN BROWN	MEMBER	1.00	Director	$23,576	$0	$23,576
LYNN MELTON	MEMBER	1.00	Director	$0	$0	$0
RADELL OAKMAN	MEMBER	1.00	Director	$0	$0	$0
DESMOND LAMB	EXECUTIVE DIRECTOR	40.00	Key Emp	$56,277	$0	$56,277

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	$2,496,465	$2,534,243	$700,481	$-37,778
2023	$1,841,245	$1,554,751	$773,071	$286,494
2022	$1,718,058	$1,715,420	$521,269	$2,638
2021	$2,018,185	$1,925,284	$691,424	$92,901
2020	$1,613,390	$1,932,755	$636,267	$-319,365
2020	$3,159,599	$2,402,186	$1,713,044	$757,413
2019	$1,598,735	$1,544,294	$742,076	$54,441
2019	$1,714,320	$1,706,158	$663,976	$8,162
2018	$1,593,437	$1,612,120	$580,197	$-18,683

FRIENDS OF YATES INC