FRIENDSHIP CHARITIES FOUNDATION INC (EIN 550910153) - 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

2006

Legal Domicile

Principal Officer

ELBERT LUCIEN COX

Tax Period

2023-01-01 to 2023-12-31

FRIENDSHIP CHARITIES FOUNDATION INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $171K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Net assets of $437K represent 31 months of operating reserves.

Mission

FRIENDSHIP CHARITIES FOUNDATION, INC. SPONSORS SOCIAL ACTION, STUDENT MENTORING, AND SENIOR CITIZENS WITHIN THE PRINCE GEORGE COUNTY OF MARYLAND.

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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 $168,038

Program Service Revenue $0

Investment Income $2,692

Other Revenue $0

TOTAL REVENUE $170,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,938

Other Expenses $168,386

TOTAL EXPENSES $168,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,730	$108,709	+0.6%
Expenses	$168,386	$82,326	+1.0%
Net Income	$2,344	$26,383	-0.9%

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

N/A

Employees

N/A

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
ELBERT L COX	President	20.00	Officer Director	$0	$0	$0
SHEKU ALIEU	Vice President	8.00	Officer Director	$0	$0	$0
DAVID TAYLOR	Secretary	12.00	Officer Director	$0	$0	$0
KERRY WILSON	Treasurer	12.00	Officer Director	$0	$0	$0
RODNEY BEVERLY	Director	6.00	Director	$0	$0	$0
DONATIEN NORWOOD	Director	6.00	Director	$0	$0	$0
DR LESTER MILES	Director	6.00	Director	$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	$170,730	$168,386	$437,054	$2,344
2022	$108,709	$82,326	$416,619	$26,383
2021	$78,798	$64,521	$426,697	$14,277
2020	$92,033	$66,891	$411,036	$25,142

FRIENDSHIP CHARITIES FOUNDATION INC