FRIENDS HOMES 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

1958

Legal Domicile

Principal Officer

TIMOTHY WEBSTER

Phone

3362928187

Tax Period

2024-10-01 to 2025-09-30

FRIENDS HOMES INC, founded in 1958, is a mid-sized nonprofit in the Human Services sector that reported $50.1M in total revenue in fiscal year 2024.

Mission

GUIDED BY QUAKER VALUES, FRIENDS HOMES OFFERS A LIFE PLAN COMMUNITY THAT ENCOURAGES A SENSE OF WHOLENESS, WELLNESS, PURPOSE AND SECURITY AT A FAIR COST, SO THAT EACH RESIDENT MAY LIVE A FULFILLING LIFE.

Program Service Accomplishments

Program 1

Expenses: $39,614,955 Revenue: $46,087,973

THERE ARE 14 COTTAGES, 28 TOWNHOMES, 350 APARTMENTS, 54 VILLA APARTMENTS, 100 ASSISTED CARE BEDS AND 109 NURSING BEDS.

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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 $755,542

Program Service Revenue $46,087,973

Investment Income $3,243,820

Other Revenue $0

TOTAL REVENUE $50,087,335

Expense Breakdown

Grants Paid $571,565

Salaries & Benefits $19,787,355

Fundraising Expenses $0

Program Expenses $39,614,955

Other Expenses $28,247,441

TOTAL EXPENSES $48,606,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,087,335	$48,592,744	+0.0%
Expenses	$48,606,361	$46,346,057	+0.0%
Net Income	$1,480,974	$2,246,687	-0.3%

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

659

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY TURNER	TREASURER	0.25	Officer Director	$0	$0	$0
KATHY ADAMS	BOARD MEMBER	0.25	Director	$0	$0	$0
MARSHALL HURLEY	CHAIRMAN	0.25	Officer Director	$0	$0	$0
REGGIE BEESON	BOARD MEMBER	0.25	Director	$0	$0	$0
JENNIFER BRIGMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
JENNY ROSS	BOARD MEMBER	0.25	Director	$0	$0	$0
JAY BUMM	VICE CHAIR	0.25	Officer Director	$0	$0	$0
BILL CARROLL	BOARD MEMBER	0.25	Director	$0	$0	$0
ALICE CARROLL	SECRETARY	0.25	Officer Director	$0	$0	$0
GERALDINE BRANNON	BOARD MEMBER	0.25	Director	$0	$0	$0
NANCY GLENZ	BOARD MEMBER	0.25	Director	$0	$0	$0
GEORGE HARRIS	BOARD MEMBER	0.25	Director	$0	$0	$0
YVONNE JOHNSON	BOARD MEMBER	0.25	Director	$0	$0	$0
JAY OSBORNE	BOARD MEMBER	0.25	Director	$0	$0	$0
KATHY COE	BOARD MEMBER	0.25	Director	$0	$0	$0
DAN FISHER	BOARD MEMBER	0.25	Director	$0	$0	$0
RICHARD SHOPE	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID HOBSON	BOARD MEMBER	0.25	Director	$0	$0	$0
RUDY GORDH	BOARD MEMBER	0.25	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
2025	$50,087,335	$48,606,361	$212,470,033	$1,480,974
2024	$48,592,744	$46,346,057	$217,129,780	$2,246,687
2023	$41,313,832	$42,829,838	$204,449,008	$-1,516,006
2022	$42,576,118	$36,918,828	$191,608,853	$5,657,290
2021	$36,183,617	$34,087,382	$195,306,442	$2,096,235
2020	$34,609,316	$32,607,811	$128,114,482	$2,001,505
2019	$32,172,223	$29,653,628	$93,443,811	$2,518,595
2018	$31,573,025	$28,128,494	$93,008,660	$3,444,531