FRIENDS CARE INC

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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

1997

Legal Domicile

Principal Officer

JENNIFER SCHILPP

Phone

4435788063

Tax Period

2021-07-01 to 2022-06-30

FRIENDS CARE INC, founded in 1997, is a micro nonprofit in the Health Care sector that reported $57K in total revenue in fiscal year 2021. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $110K exceeded revenue, resulting in a 95% operating deficit.

Mission

THE EXEMPT PURPOSE OF FRIENDS CARE, INC. IS TO SUPPORT THE CHARITABLE MISSIONS OF BROADMEAD, INC. AND BROADMEAD MEDICAL SERVICES, INC.

Program Service Accomplishments

Program 1

Expenses: $42,987 Revenue: $56,651

FRIENDS CARE, INC. OPERATES A MARYLAND COMMUNITY FOR LIFE PROGRAM, IN COLLABORATION WITH THE MARYLAND DEPARTMENT OF AGING. THIS PROGRAM SUPPORTS THE CHARITABLE CLASS THAT BROADMEAD, INC. WAS CREATED TO SUPPORT. BY PROVIDING THESE SERVICES, FRIENDS CARE, INC. IS OPERATING IN DIRECT SUPPORT OF BROADMEAD, INC.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $56,651

Investment Income $0

Other Revenue $0

TOTAL REVENUE $56,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,502

Fundraising Expenses $0

Program Expenses $42,987

Other Expenses $81,804

TOTAL EXPENSES $110,306

Year-over-Year Comparison

	2021	2020	Change
Revenue	$56,651	$1,187,058	-1.0%
Expenses	$110,306	$1,037,921	-0.9%
Net Income	$-53,655	$149,137	-1.4%

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

$568,634

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN SOMERS	PRESIDENT/CEO	2.00	Officer	$0	$21,687	$373,479
JENNIFER SCHILPP	TREASURER/CFO	2.00	Officer	$0	$12,517	$195,155
ROB WHITE	CHAIR OCT 2021, DIRECTOR	1.00	Officer Director	$0	$0	$0
VERNON WRIGHT	VICE CHAIR OCT 2021, DIRECTOR	1.00	Officer Director	$0	$0	$0
STEVE RIVES	SECRETARY OCT 2021	1.00	Officer Director	$0	$0	$0
ALICE CHERBONNIER	DIRECTOR OCT 2021	1.00	Director	$0	$0	$0
ALAN EVANS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL CURROTTO	DIRECTOR TO SEP 2021	1.00	Director	$0	$0	$0
LARRY REID	DIRECTOR TO SEP 2021	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
2022	$56,651	$110,306	$70,555	$-53,655
2021	$1,187,058	$1,037,921	$485,273	$149,137
2020	$829,510	$850,383	$456,356	$-20,873
2019	$910,627	$934,570	$323,268	$-23,943
2018	$1,053,430	$938,506	$430,170	$114,924