FRIENDS OF FAITH RET HOMES INC (EIN 510245745) - 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

1966

Legal Domicile

Principal Officer

LISA GATES

Phone

3192918100

Tax Period

2023-04-01 to 2024-03-31

FRIENDS OF FAITH RET HOMES INC, founded in 1966, is a mid-sized nonprofit in the Housing & Shelter sector that reported $26.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

LIFECARE FOR ADULTS 62 AND OVER.

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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 $4,904,060

Program Service Revenue $18,600,308

Investment Income $577,183

Other Revenue $2,085,709

TOTAL REVENUE $26,167,260

Expense Breakdown

Grants Paid $2,286,452

Salaries & Benefits $12,816,983

Fundraising Expenses $131,997

Program Expenses $24,664,328

Other Expenses $13,404,787

TOTAL EXPENSES $28,508,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,167,260	$30,283,903	-0.1%
Expenses	$28,508,222	$29,928,108	0.0%
Net Income	$-2,340,962	$355,795	-7.6%

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

607

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

$4,800

Key Employees

$322,127

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA GATES	PRESIDENT/CE	50.00	Key Emp	$297,289	$24,838	$322,127
GEORGE FARBER	BOARD MBR/CH	1.00	Director	$4,800	$0	$4,800
CRAIG ANDERSON	TREASURER	1.00	Officer Director	$0	$0	$0
RICK BAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE GILGEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM GRADY	PAST CHAIRMA	1.00	Officer Director	$0	$0	$0
PASTOR TOM HLAD	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALD KIEWIET	BOARD MEMBER	1.00	Director	$0	$0	$0
PASTOR QUOVADIS MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD MORRIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAY NARDINI	BOARD MEMBER	1.00	Director	$0	$0	$0
PASTOR CHRIS RYGH	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
BOB SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK TINK	BOARD MEMBER	1.00	Director	$0	$0	$0
PASTOR JESSE TINK	SECRETARY	1.00	Officer Director	$0	$0	$0
VERA WALLICAN	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
2025	No data	No data	No data	No data
2024	$26,167,260	$28,508,222	$105,777,873	$-2,340,962
2023	$30,283,903	$29,928,108	$106,965,009	$355,795
2021	$24,765,907	$18,470,387	$88,184,689	$6,295,520
2020	$20,614,806	$26,839,502	$63,540,678	$-6,224,696
2019	$20,029,034	$17,917,290	$50,404,664	$2,111,744
2018	$17,854,774	$17,109,300	$48,515,216	$745,474

FRIENDS OF FAITH RET HOMES INC