FRIENDSHIP INDUSTRIES INC

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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

1971

Legal Domicile

Principal Officer

PIETER CASIUS

Phone

5404349586

Tax Period

2024-07-01 to 2025-06-30

FRIENDSHIP INDUSTRIES INC, founded in 1971, is a community nonprofit in the Employment sector that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.6M left a modest 4% surplus.

Mission

FRIENDSHIP INDUSTRIES DEVELOPS AND MAINTAINS EMPLOYMENT AND TRAINING OPPORTUNITIES FOR PERSONS WITH DISABILITIES IN INTEGRATED WORK ENVIRONMENTS.

Program Service Accomplishments

Program 1

Expenses: $3,954,080 Revenue: $4,237,498

FRIENDSHIP INDUSTRIES PROVIDED EMPLOYMENT AND TRAINING SERVICES FOR 29 PERSONS IN OUR BUSINESSES OF CONTRACT PACKAGING AND GOVERNMENT CONTRACTING. OUR PROGRAM SERVICES AID PERSONS WITH DISABILITIES AND THEIR FAMILIES IN HARRISONBURG AND ROCKINGHAM BY PLACING EMPLOYMENT OPPORTUNITIES WITHIN REACH FOR ALL. OUR INTEGRATED WORK ENVIRONMENT PROVIDES THE RIGHT ENVIRONMENT FOR INCREASED OPPORTUNITIES AND WAGES.

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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 $219,644

Program Service Revenue $2,083,896

Investment Income $272,946

Other Revenue $2,153,602

TOTAL REVENUE $4,730,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,126,468

Fundraising Expenses $19,788

Program Expenses $3,954,080

Other Expenses $2,428,045

TOTAL EXPENSES $4,554,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,730,088	$4,293,878	+0.1%
Expenses	$4,554,513	$4,336,336	+0.1%
Net Income	$175,575	$-42,458	-5.1%

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

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

$369,518

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCY ENGLE	CHAIR	5.00	Officer Director	$0	$0	$0
GARY SHICKEL	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MARSHALL YODER	TREASURER	5.00	Officer Director	$0	$0	$0
HARRY REIF	SECRETARY	5.00	Officer Director	$0	$0	$0
BRIAN SHULL	PAST CHAIR	5.00	Officer Director	$0	$0	$0
RAYMOND GAY	DIRECTOR	1.00	Director	$0	$0	$0
MARLENA JARBOE	DIRECTOR	1.00	Director	$0	$0	$0
ROY NORVILLE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM WOOD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA GARBER	DIRECTOR	1.00	Director	$0	$0	$0
PIETER CASIUS	PRESIDENT	25.00	Officer	$115,192	$24,615	$139,807
AMANDA SIMMONS	CHIEF FINANCIAL OFFICER	25.00	Officer	$103,228	$10,581	$113,809
ELIZABETH OTTO	CHIEF OPERATING OFFICER	25.00	Officer	$111,879	$4,023	$115,902

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	$4,730,088	$4,554,513	$9,594,389	$175,575
2024	$4,293,878	$4,336,336	$9,229,630	$-42,458
2023	$3,951,019	$3,815,851	$8,966,089	$135,168
2022	$4,267,419	$3,934,010	$8,772,878	$333,409
2021	$4,286,257	$4,013,013	$9,082,585	$273,244
2020	$4,722,036	$4,363,894	$8,508,714	$358,142
2019	$4,559,429	$4,479,294	$8,105,106	$80,135