BUDDIES INC (EIN 526042656) - 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

1957

Legal Domicile

Principal Officer

DEBRA MONIODIS

Phone

4103719112

Tax Period

2023-01-01 to 2023-12-31

BUDDIES INC, founded in 1957, is a micro nonprofit in the Youth Development sector that reported $10K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 68% operating deficit.

Mission

SUPPORT FOR THE BALTIMORE CITY POLICE DEPARTMENTS YOUTH CLUB PROGRAMS.

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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 $500

Program Service Revenue $75

Investment Income $9,021

Other Revenue $11

TOTAL REVENUE $9,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,916

Other Expenses $16,169

TOTAL EXPENSES $16,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,607	$80,283	-0.9%
Expenses	$16,169	$10,681	+0.5%
Net Income	$-6,562	$69,602	-1.1%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN AKCHURIN	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL CRAY	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID FRANK	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVE FREEMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN GAVRILLES	BOARD MEMBER	N/A	Director	$0	$0	$0
NICOLE GORMLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVEN JESSUP	BOARD MEMBER	N/A	Director	$0	$0	$0
SELWYN RAY	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN TOLSON	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRISTOPHER WILSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSHUA WILSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSEPH WELKIE JR	PRESIDENT	N/A	Officer	$0	$0	$0
BRADLEY MINETREE	VICE PRESIDE	N/A	Officer	$0	$0	$0
DEBRA MONIODIS	SECRETARY	N/A	Officer	$0	$0	$0
ELAINE WELKIE	PRESIDENT	N/A	Officer	$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	$9,607	$16,169	$699,913	$-6,562
2022	$48,556	$24,987	$592,614	$23,569
2021	$80,283	$10,681	$731,975	$69,602
2020	$42,584	$7,937	$647,290	$34,647
2019	$74,651	$28,385	$575,881	$46,266

BUDDIES INC