FRIENDS ASSOCIATION FOR CHILDREN

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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

1871

Legal Domicile

Principal Officer

DAVID YOUNG

Phone

8046442357

Tax Period

2024-07-01 to 2025-06-30

FRIENDS ASSOCIATION FOR CHILDREN, founded in 1871, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 6% surplus.

Mission

TO HELP CHILDREN AND THEIR FAMILIES IN THE RICHMOND AREA ACHIEVE THEIR POTENTIAL AND BECOME PRODUCTIVE CITIZENS

Program Service Accomplishments

Program 1

Expenses: $2,359,844 Revenue: $1,273,086

EARLY CHILDHOOD PROGRAMS AND SERVICES SUPPORT THE ACADEMIC, SOCIAL, AND EMOTIONAL DEVELOPMENT OF THE CHILDREN WE SERVE, AS THEY BEGIN THEIR EDUCATIONAL JOURNEY. PARENTS AND FAMILIES ARE ALSO...

EARLY CHILDHOOD PROGRAMS AND SERVICES SUPPORT THE ACADEMIC, SOCIAL, AND EMOTIONAL DEVELOPMENT OF THE CHILDREN WE SERVE, AS THEY BEGIN THEIR EDUCATIONAL JOURNEY. PARENTS AND FAMILIES ARE ALSO SUPPORTED VIA OUR STAFF SOCIAL WORKERS TO ACCESS AVAILABLE COMMUNITY RESOURCES AND TO NAVIGATE THE COMPLEX SOCIAL SERVICES SYSTEM IN RICHMOND.

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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 $1,870,116

Program Service Revenue $1,273,086

Investment Income $84,517

Other Revenue $0

TOTAL REVENUE $3,227,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,315,315

Fundraising Expenses $163,482

Program Expenses $2,359,844

Other Expenses $729,928

TOTAL EXPENSES $3,045,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,227,719	$2,978,061	+0.1%
Expenses	$3,045,243	$2,869,292	+0.1%
Net Income	$182,476	$108,769	+0.7%

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

N/A

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

$133,459

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY GLASS	PRESIDENT	2.00	Officer Director	$0	$0	$0
KYMBERLY JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
ROBIN BENNS	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA COBURN	BOARD MEMBER	2.00	Director	$0	$0	$0
DANA GRESKO	BOARD MEMBER	2.00	Director	$0	$0	$0
GRETA PETERS	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT SCHMIDT	SECRETARY	2.00	Director	$0	$0	$0
MATTHEW SMYTHE	1ST VICE PRESIDENT	2.00	Director	$0	$0	$0
JIM DUTY	BOARD MEMBER	2.00	Director	$0	$0	$0
RACHAEL SELIGMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
J DAVID YOUNG	EXECUTIVE DIRECTOR	40.00	Officer	$128,326	$5,133	$133,459

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
2025	$3,227,719	$3,045,243	$4,345,032	$182,476
2024	$2,978,061	$2,869,292	$4,198,500	$108,769
2023	$2,410,641	$2,504,932	$4,088,679	$-94,291
2022	$2,843,979	$2,239,699	$4,201,768	$604,280
2021	$2,980,657	$2,021,198	$3,708,526	$959,459
2020	$2,077,533	$2,118,580	$3,058,700	$-41,047
2019	$2,195,931	$2,067,707	$2,892,986	$128,224
2018	$1,905,461	$2,013,540	$2,800,076	$-108,079