Friends Of The Legal Services Corporation (EIN 522309433) - 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

2001

Legal Domicile

Principal Officer

KENNETT MARSHALL

Phone

2023382090

Tax Period

2023-10-01 to 2024-09-30

Friends Of The Legal Services Corporation, founded in 2001, is a community nonprofit in the Crime & Legal sector that reported $2.4M in total revenue in fiscal year 2023. The organization ran a surplus of $605K, a strong 26% operating margin.

Mission

To promote the need for equal access to the justice system and provide legal assistance to those who cannot afford. Also, to raise and manage funds for Legal Services Corp.

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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 $1,000

Program Service Revenue $2,175,844

Investment Income $296

Other Revenue $175,724

TOTAL REVENUE $2,352,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,564

Fundraising Expenses $0

Program Expenses $1,159,187

Other Expenses $1,607,799

TOTAL EXPENSES $1,748,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,352,864	$2,195,432	+0.1%
Expenses	$1,748,363	$1,993,292	-0.1%
Net Income	$604,501	$202,140	+2.0%

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

$176,887

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETT MARSHALL	EXECUTIVE DIRECTOR	35.0	Officer	$142,741	$34,146	$176,887
THOMAS F SMEGAL	CHAIRPERSON & TREASURER	1.0	Officer Director	$0	$0	$0
HULETT H ASKEW ESQ	VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
PROFESSOR PETER EDELMAN ESQ	SECRETARY	1.0	Officer Director	$0	$0	$0
JOHN O'TOOLE ESQ	DIRECTOR	1.0	Officer Director	$0	$0	$0
ANH TU ESQ	DIRECTOR	1.0	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	$2,352,864	$1,748,363	$9,490,946	$604,501
2023	$2,195,432	$1,993,292	$9,102,099	$202,140
2022	$2,269,250	$1,581,126	$10,463,840	$688,124
2021	$2,210,625	$1,653,904	$10,502,686	$556,721
2020	$2,141,769	$1,578,643	$11,168,834	$563,126
2019	$2,173,581	$1,624,073	$10,642,450	$549,508
2018	$2,214,294	$1,645,875	$10,581,179	$568,419

Friends Of The Legal Services Corporation