FRIENDS FOR NEIGHBORHOOD PROGRESS (EIN 521036628) - 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

1998

Legal Domicile

Principal Officer

BECKY WELLS

Phone

3012915378

Tax Period

2024-01-01 to 2024-12-31

FRIENDS FOR NEIGHBORHOOD PROGRESS, founded in 1998, is a small nonprofit that reported $105K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $771K exceeded revenue, resulting in a 634% operating deficit.

Mission

TO PROMOTE AND ADVANCE THE WELFARE OF THE RESIDENTS OF FREDERICK COUNTY, MARYLAND.

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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 $88,753

Program Service Revenue $12,816

Investment Income $-1,774

Other Revenue $5,250

TOTAL REVENUE $105,045

Expense Breakdown

Grants Paid $560,913

Salaries & Benefits $70,781

Fundraising Expenses $0

Program Expenses $576,076

Other Expenses $139,609

TOTAL EXPENSES $771,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,045	$285,394	-0.6%
Expenses	$771,303	$363,540	+1.1%
Net Income	$-666,258	$-78,146	+7.5%

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

$42,730

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE BICKLE	DIRECTOR	1.00	Director	$0	$0	$0
DR JACQUELINE BADRO	DIRECTOR	1.00	Director	$0	$0	$0
BECKY WELLS	BOARD CO-CHAIR	1.00	Officer Director	$0	$0	$0
ANNETTE PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MACK	TREASURER	1.00	Officer Director	$0	$0	$0
RON YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
DONNA FOX	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE PETERSEN	EXECUTIVE DIRECTOR	40.00	Officer	$42,730	$0	$42,730

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	$105,045	$771,303	$531,030	$-666,258
2023	$285,394	$363,540	$1,203,584	$-78,146
2022	$337,804	$332,068	$1,273,740	$5,736
2021	$469,488	$337,639	$1,287,274	$131,849
2020	$689,410	$396,974	$1,218,358	$292,436
2019	$309,729	$363,209	$850,828	$-53,480
2018	$413,228	$330,869	$932,783	$82,359

FRIENDS FOR NEIGHBORHOOD PROGRESS