Friends of Forman Christian College Inc (EIN 542090435) - 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

2005

Legal Domicile

Principal Officer

Sandy O'Meara

Phone

8664606313

Tax Period

2023-07-01 to 2024-06-30

Friends of Forman Christian College Inc, founded in 2005, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

Friends of Forman Christian College is dedicated to supporting the high-quality educational mission of Forman Christian College to develop informed, ethical and responsible citizens of Pakistan who exemplify the FCCU motto, "By love serve one another."

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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 $2,389,484

Program Service Revenue $0

Investment Income $109,756

Other Revenue $0

TOTAL REVENUE $2,499,240

Expense Breakdown

Grants Paid $1,823,731

Salaries & Benefits $682,247

Fundraising Expenses $366,422

Program Expenses $2,161,010

Other Expenses $245,280

TOTAL EXPENSES $2,761,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,499,240	$1,943,216	+0.3%
Expenses	$2,761,584	$2,751,297	+0.0%
Net Income	$-262,344	$-808,081	-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

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

$282,142

Total Directors

$217,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Dr David Renwick	Chair	2.00	Officer Director	$0	$0	$0
Rev Dr Heather Wright	Vice Chair	2.00	Officer Director	$0	$0	$0
Dr James Appleton	Director	2.00	Director	$0	$0	$0
Dr Ingrid Mason Mail	Director	2.00	Director	$0	$0	$0
Mr Robert Bullock	Director	2.00	Director	$0	$0	$0
Dr Jonathan Addleton	Director, Rector	40.00	Director	$194,595	$22,885	$217,480
John Gill	Director	2.00	Director	$0	$0	$0
Denise Moore	Director	2.00	Director	$0	$0	$0
Dr Michael Murphy	Director	2.00	Director	$0	$0	$0
Rev Dr Thomas Taylor	Director	2.00	Director	$0	$0	$0
Elizabeth Terry Dunning	Director	2.00	Director	$0	$0	$0
Rev Dr Jay Madden	Director	2.00	Director	$0	$0	$0
Robert Tebbe	Director	2.00	Director	$0	$0	$0
Dr Janel Curry	Director	2.00	Director	$0	$0	$0
Rev Dr David Watermulder	Director	2.00	Director	$0	$0	$0
Rev Dr Roger A Dermody Jr	Executive Director	40.00	Officer	$110,070	$130,306	$240,376
Sandra O'Meara	CFO and Board Secretary/Treasurer	20.00	Officer	$38,852	$2,914	$41,766

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	$2,499,240	$2,761,584	$5,821,982	$-262,344
2023	$1,943,216	$2,751,297	$4,578,920	$-808,081
2022	$2,500,363	$2,457,823	$4,677,132	$42,540
2021	$3,328,041	$6,629,269	$4,337,116	$-3,301,228
2020	$2,164,206	$4,129,114	$7,291,031	$-1,964,908

Friends of Forman Christian College Inc