FRIENDS R FUN CHILD DEVELOPMENT CTR

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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

1987

Legal Domicile

Principal Officer

JUDY OLSON

Tax Period

2023-01-01 to 2023-12-31

FRIENDS R FUN CHILD DEVELOPMENT CTR, founded in 1987, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 14% surplus.

Mission

DAYCARE & ADULT EDUCATION SERVICES IN THE SUMMERSVILLE WV AREA

Program Service Accomplishments

Program 1

Expenses: $1,321,440 Revenue: $1,540,635

PROVIDANCE OF DAYCARE SERVICES IN SUMMERSVILLE, WVAREA

Program 2

Expenses: $120,547 Revenue: $130,142

PROVIDANCE OF ADULT EDUCATION SERVICE IN NICHOLAS COWV AREA

Program 3

Expenses: $20,247 Revenue: $34,027

DEVELOPMENT AND SUPPORT FOR RHO COMMUNITY HEALTH ANDEDUCATION FACILITY

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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 $235,700

Program Service Revenue $1,421,846

Investment Income $47,258

Other Revenue $0

TOTAL REVENUE $1,704,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,099,735

Fundraising Expenses $0

Program Expenses $1,462,234

Other Expenses $362,499

TOTAL EXPENSES $1,462,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,704,804	$1,761,948	0.0%
Expenses	$1,462,234	$1,255,636	+0.2%
Net Income	$242,570	$506,312	-0.5%

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

$24,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY OLSON	DIRECTOR	20.00	Officer	$24,973	$0	$24,973
KAREN TURNER	DIRECTOR	2.00	Director	$0	$0	$0
DORIS BOWYER	DIRECTOR	2.00	Director	$0	$0	$0
RITA DUFFIELD	DIRECTOR	2.00	Director	$0	$0	$0
CATHY DEMOSS	DIRECTOR	2.00	Director	$0	$0	$0
DIANNA BROWN	DIRECTOR	2.00	Director	$0	$0	$0
PATTY BRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR ODELL	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SHANK	PRESIDENT	4.00	Officer	$0	$0	$0
ANITA GROVES	TREASURER	2.00	Officer	$0	$0	$0
SUSIE WANTZ	SECRETARY	2.00	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	$1,704,804	$1,462,234	$2,693,792	$242,570
2022	$1,761,948	$1,255,636	$2,445,356	$506,312
2021	$1,667,072	$1,105,271	$1,936,460	$561,801
2020	$1,172,340	$984,266	$1,511,383	$188,074