FRIENDSHIP FOUNDATION (EIN 541427948) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

C MICHAEL SHANNON

Phone

5402652177

Tax Period

2023-07-01 to 2024-06-30

FRIENDSHIP FOUNDATION, founded in 1987, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2018. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 9% surplus.

Mission

SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $752,413

Program Service Revenue $25,137,876

Investment Income $133,863

Other Revenue $1,744,142

TOTAL REVENUE $27,768,294

Expense Breakdown

Grants Paid $127,750

Salaries & Benefits $12,239,130

Fundraising Expenses $0

Program Expenses $24,644,821

Other Expenses $17,174,397

TOTAL EXPENSES $29,541,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,768,294	$11,960,925	+1.3%
Expenses	$29,541,277	$5,571,536	+4.3%
Net Income	$-1,772,983	$6,389,389	-1.3%

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

407

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

$1,323,198

Total Directors

$405,400

Key Employees

$224,346

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN C COMBS	DIRECTOR	1.00	Director	$0	$0	$47,100
EDWIN R FEINOUR	DIRECTOR	1.00	Director	$0	$0	$40,000
NATHANIEL BISHOP	DIRECTOR	1.00	Director	$0	$0	$40,000
LUCIAN Y GROVE JR	DIRECTOR	1.00	Director	$0	$0	$47,100
CYNDA A JOHNSON	DIRECTOR	1.00	Director	$0	$0	$47,100
ROBERT C LAWSON	CHAIRMAN	1.00	Officer Director	$0	$0	$64,000
KATHRYN K OELSCHLAGER	VICE-CHAIR	1.00	Officer Director	$0	$0	$52,500
ROBERT H SANDEL	DIRECTOR	1.00	Director	$0	$0	$47,100
JOHN B WILLIAMSON III	DIRECTOR	1.00	Director	$0	$0	$20,500
GREGORY W FELDMANN	DIRECTOR	0.00	Director	$0	$0	$0
JOE HOFF	CEO	20.00	Officer	$0	$20,335	$656,298
MICHAEL SHANNON	CFO	20.00	Officer	$0	$13,846	$475,787
CINDY MITCHELL	BOARD SECRETARY	20.00	Officer	$0	$1,335	$74,613
ANGELA HUGHES	VP OF HUMAN RESOURCES AND	20.00	Key Emp	$0	$10,643	$224,346
MARY RODGER	DIRECTOR OF ACCOUNTING	20.00	Highest	$0	$16,253	$197,276
STEPHANIE DUNCAN	DIRECTOR OF REVENUE CYCLE	20.00	Highest	$0	$10,965	$159,402
TODD LOWE	DIRECTOR OF INFORMATION SY	20.00	Highest	$0	$14,966	$161,955
ASHLEY JEWELL	DIRECTOR OF HUMAN RESOURCE	20.00	Highest	$0	$8,617	$134,918

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	No data	No data	No data	No data
2024	$27,768,294	$29,541,277	$103,431,835	$-1,772,983
2023	$11,960,925	$5,571,536	$30,735,129	$6,389,389
2022	$1,148,082	$131,150	$6,682,176	$1,016,932
2021	$1,386,048	$1,355,907	$4,450,599	$30,141
2021	$1,386,048	$1,355,907	$4,450,599	$30,141
2020	$1,384,362	$1,274,265	$4,163,250	$110,097
2019	$1,403,162	$1,278,411	$4,103,679	$124,751

FRIENDSHIP FOUNDATION