Friends For Life Foundation Inc (EIN 550882734) - 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

2004

Legal Domicile

Principal Officer

Sondra Anderson

Phone

4048221136

Tax Period

2024-01-01 to 2024-12-31

Friends For Life Foundation Inc, founded in 2004, is a small nonprofit in the Education sector that reported $219K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $258K exceeded revenue, resulting in a 18% operating deficit.

Mission

To support quality of life improvements for the disadvantaged To financially assist individuals and organizations in our community

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $30,317

Program Service Revenue $195,455

Investment Income $3

Other Revenue $-6,706

TOTAL REVENUE $219,069

Expense Breakdown

Grants Paid $29,000

Salaries & Benefits $0

Fundraising Expenses $7,652

Program Expenses $216,660

Other Expenses $229,012

TOTAL EXPENSES $258,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,069	$397,823	-0.4%
Expenses	$258,012	$166,015	+0.6%
Net Income	$-38,943	$231,808	-1.2%

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

N/A

Employees

N/A

Volunteers

150

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
KRISTEN CURRY	Ass Fin Secretary	1.00	Director	$0	$0	$0
SHAWANNA FOWLER	Director	1.00	Director	$0	$0	$0
KIMBERLY JACKSON	Assistant Treasurer	1.00	Director	$0	$0	$0
PHYLLIS FINLEY	Director	1.00	Director	$0	$0	$0
GINA B REESE	Director	1.00	Director	$0	$0	$0
BRENDA GARDENER	Director	1.00	Director	$0	$0	$0
TIARRA NIBBS	Director	1.00	Director	$0	$0	$0
MICHELLE SMITH	Director	1.00	Director	$0	$0	$0
NICHOLE WILLIAMS	Director	1.00	Director	$0	$0	$0
VANESSA PAYNE	President	1.00	Officer	$0	$0	$0
SONDRA ANDERSON	Vice President	1.00	Officer	$0	$0	$0
JUDY RAY	Secretary	1.00	Officer	$0	$0	$0
ZENA SMITH	Financial Secretary	1.00	Officer	$0	$0	$0
ZELPHIA HAWKINS	Treasurer	1.00	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	$219,069	$258,012	$265,189	$-38,943
2023	$397,823	$166,015	$257,604	$231,808
2023	$397,823	$166,015	$257,604	$231,808
2022	$383,351	$248,354	$200,698	$134,997
2021	$126,710	$63,156	$189,945	$63,554
2020	$104,971	$57,364	$128,286	$47,607
2019	$84,212	$76,880	$110,716	$7,332
2018	$86,182	$155,408	$106,450	$-69,226

Friends For Life Foundation Inc