GREENSBORO, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO ESTABLISH AND OPERATE CONTINUING CARE RETIREMENT COMMUNITIES IN ACCORDANCE WITH THE PRINCIPLES OF THE RELIGIOUS SOCIETY OF FRIENDS. THESE PRINCIPLES REQUIRE THAT OUR COMMUNITIES PROVIDE, AT A FAIR COST, AN ENVIRONMENT WHICH FOSTERS INDEPENDENCE AND A SENSE OF WHOLENESS, HEALTH, AND SECURITY SO THAT EACH RESIDENT MAY REALIZE HIS OR HER FULL POTENTIAL. IN DOING SO WE FACILITATE THE BASIC QUAKER PRINCIPLE THAT "THERE IS THAT OF GOD IN EVERY PERSON," MEANING THAT EVERYONE HAS WORTH AND VALUE. THROUGH CONTINUOUS IMPROVEMENT AND EXPANSION, THE ORGANIZATION WILL PROVIDE AFFORDABLE SERVICES TO THE AGED AND SUPPORT TO THE COMMUNITY AT LARGE. WE ACCEPT THE RESPONSIBILITY TO PROMOTE CONSISTENT QUALITY CARE WHILE PROVIDING A HOME FOR OUR RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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