Friendship Children's Center Inc (EIN 521602643) - 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

1989

Legal Domicile

Principal Officer

Leah Potts

Phone

2022445115

Tax Period

2023-01-01 to 2023-12-31

Friendship Children's Center Inc, founded in 1989, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 13% surplus.

Mission

Provides Childcare for Young Children, Infant to Preschool

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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 $114,371

Program Service Revenue $1,209,692

Investment Income $21,619

Other Revenue $0

TOTAL REVENUE $1,345,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $770,445

Fundraising Expenses $0

Program Expenses $1,133,198

Other Expenses $398,565

TOTAL EXPENSES $1,169,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,345,682	$1,285,225	+0.0%
Expenses	$1,169,010	$1,281,899	-0.1%
Net Income	$176,672	$3,326	+52.1%

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

Total Directors

Key Employees

$92,837

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leah Potts	Executive Director	40.00	Key Emp	$92,837	$0	$92,837
Joy Hathaway	President	5.00	Officer	$0	$0	$0
Erin Pulice	Vice President	5.00	Officer	$0	$0	$0
Jane Greulich	Secretary	5.00	Officer	$0	$0	$0
Justin Abramson	Treasurer	5.00	Officer	$0	$0	$0
Rebecca Wexler	Member	5.00	Director	$0	$0	$0
Florie Knauf	Fundraising	5.00	Director	$0	$0	$0
Cierra Duell	Parent-Teacher PS	5.00	Director	$0	$0	$0
Jessica Kessler	Member	5.00	Director	$0	$0	$0
Margaret De Maria	PTP Chair	5.00	Director	$0	$0	$0
Andrea Messina	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
2024	No data	No data	No data	No data
2023	$1,345,682	$1,169,010	$1,349,785	$176,672
2022	$1,285,225	$1,281,899	$1,141,384	$3,326
2021	$1,231,979	$1,309,926	$1,138,451	$-77,947
2020	$1,004,475	$1,444,632	$1,170,762	$-440,157
2019	$1,273,730	$1,354,082	$1,647,601	$-80,352
2018	$1,217,534	$1,348,544	$1,717,615	$-131,010

Friendship Children's Center Inc