FRIENDSHIP COMMUNITY IMPROVEMENT CORP (EIN 542190777) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

LAURENCE OGLETREE

Phone

8036424949

Tax Period

2023-01-01 to 2023-12-31

FRIENDSHIP COMMUNITY IMPROVEMENT CORP, founded in 2005, is a small nonprofit in the Crime & Legal sector that reported $160K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $182K exceeded revenue, resulting in a 14% operating deficit.

Mission

FRIENDSHIP COMMUNITY IMPROVEMENT CORP. IS COMMITTED TO PROVIDING HOUSING, EDUCATION, AND ECONOMIC DEVELOPMENT TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS IN AIKEN, SC. THE CORPORATION WILL PARTICULARLY PURSUE SINGLE AND MULTIFAMILY AFFORDABLE HOUSING AS ITS INITIAL PRIORITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $149,871

Investment Income $158

Other Revenue $9,718

TOTAL REVENUE $159,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,568

Fundraising Expenses $0

Program Expenses $122,978

Other Expenses $158,581

TOTAL EXPENSES $182,149

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,747	$177,545	-0.1%
Expenses	$182,149	$165,709	+0.1%
Net Income	$-22,402	$11,836	-2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV CLINTON EDWARDS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
MARGIE ALLEN	SECRETARY	2.00	Officer Director	$0	$0	$0
LAURENCE OGLETREE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DOLORES SINGLEY	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
CYNTHIA GILLIARD-HILL	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
JOYCE JOHNSON	TREASURER	5.00	Officer Director	$0	$0	$0
JOSIE QUILLER	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
ETHEL DICKS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
SAMMIE MCDUFFIE JR	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
W FRANK WRIGHT	EXECUTIVE DIRECTOR	5.00	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	$159,747	$182,149	$903,548	$-22,402
2022	$177,545	$165,709	$947,610	$11,836
2021	$154,287	$163,611	$959,172	$-9,324
2020	$204,446	$163,212	$1,001,146	$41,234
2019	$185,833	$201,516	$1,002,403	$-15,683

FRIENDSHIP COMMUNITY IMPROVEMENT CORP