Friendship Trays Inc

EIN: 561201496 501(c)(3)

Charlotte, NC

Total Revenue
$459,995
Total Expenses
$404,992
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NC
Principal Officer
Lucy Bush Carter
Phone
7043339229
Tax Period
2021-01-01 to 2021-04-30

Friendship Trays Inc, founded in 1976, is a small nonprofit that reported $460K in total revenue in fiscal year 2021. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $405K left a modest 12% surplus.

Mission

To deliver nutritious, diet specific meals to individuals throughout the community who are unable to prepare meals for themselves and have no one to do it for them, regardless of age or ability to pay.

Program Service Accomplishments

Program 1
Expenses: $348,389 Revenue: $140,128

Friendship Trays delivers more than 700 meals daily to elderly, handicapped, and convalescing people who are unable or greatly restricted in their ability to prepare or secure meals and who reside...

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Friendship Trays delivers more than 700 meals daily to elderly, handicapped, and convalescing people who are unable or greatly restricted in their ability to prepare or secure meals and who reside within the area we can reach with our corps of drivers. Deliveries are at the lunch hour but the meal is a full one, more like what many people are accustomed to for dinner. This meal consists of two separate containers, one with meat or fish, vegetable and such, the other with carbohydrate, salad or fruit, and dessert. Diet orders are obtained for all clients from their doctors, and a range of special diets are available to fill doctors' written orders for certain medical conditions. While all recipients are asked to pay for their meals based on their ability to pay, recipient income alone does not pay for Friendship Trays. Sponsors include approximately 80 faith-based communities and organizations, as well as civic organizations and businesses. Other groups welcome donations of time as volunteers or as donors of the financial resources that allow us to serve all who need nutritious meals.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $214,752
Program Service Revenue $140,128
Investment Income $85,605
Other Revenue $19,510
TOTAL REVENUE $459,995

Expense Breakdown

Grants Paid $89,545
Salaries & Benefits $132,417
Fundraising Expenses $15,725
Program Expenses $348,389
Other Expenses $183,030
TOTAL EXPENSES $404,992

Year-over-Year Comparison

2021 2020 Change
Revenue $459,995 $2,004,115 -0.8%
Expenses $404,992 $1,226,505 -0.7%
Net Income $55,003 $777,610 -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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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
40

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tobe Holmes President 2.00
Officer Director
$0 $0 $0
Keith Pehl Vice President 2.00
Officer Director
$0 $0 $0
Marilyn Bellinger Director 2.00
Director
$0 $0 $0
Christian Clackum Director 2.00
Director
$0 $0 $0
R Michael Elliot Sec.-Treasurer 2.00
Officer Director
$0 $0 $0
Russ Ferguson Director 2.00
Director
$0 $0 $0
E Nadine Ford Director 2.00
Director
$0 $0 $0
Erin Marie Kelly Director 2.00
Director
$0 $0 $0
Brian King Director 2.00
Director
$0 $0 $0
Natheley McElrath Director 2.00
Director
$0 $0 $0
Katherine Richards Director 2.00
Director
$0 $0 $0
Carla Scott Ex-Officio 2.00
Director
$0 $0 $0
Lucy Bush Carter Executive Direc 40.00
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
2021 $459,995 $404,992 No data $55,003
2020 $2,004,115 $1,226,505 $3,895,612 $777,610
2019 $1,810,259 $1,909,255 $2,982,734 $-98,996
2018 $2,101,154 $2,054,268 $2,880,258 $46,886
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