FRIENDSHIP ADULT DAY SERVICES INC (EIN 561362204) - 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

1983

Legal Domicile

Principal Officer

LINDA VAUGHN

Tax Period

2023-07-01 to 2024-06-30

FRIENDSHIP ADULT DAY SERVICES INC, founded in 1983, is a small nonprofit in the Human Services sector that reported $248K in total revenue in fiscal year 2023. Expenses of $237K left a modest 5% surplus.

Mission

Friendship Adult Day Services, Inc. operates an adult day care facility for elderly and/or physically limited individuals in Alamance County, North Carolina. The services provided are subsidized by governamental agencies, and donations, where the participant cannot pay.

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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 $217,128

Program Service Revenue $27,954

Investment Income $0

Other Revenue $3,250

TOTAL REVENUE $248,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,826

Fundraising Expenses $0

Program Expenses $133,074

Other Expenses $79,311

TOTAL EXPENSES $237,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,332	$244,007	+0.0%
Expenses	$237,137	$250,487	-0.1%
Net Income	$11,195	$-6,480	-2.7%

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

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
ANGIE HALL	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
JUDY BUTLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SAMANTHA LOY	CHAIR	1.00	Officer Director	$0	$0	$0
VERONICA REVELS	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA VAUGHN	EXECUTIVE DIRECTOR	40.00	Officer Highest	$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	No data	No data	No data	No data
2024	$248,332	$237,137	$29,722	$11,195
2023	$244,007	$250,487	$26,815	$-6,480
2022	$107,490	$185,149	$29,818	$-77,659
2021	$174,650	$99,509	$107,140	$75,141
2020	$202,883	$182,518	$34,658	$20,365
2019	$223,414	$229,126	$16,116	$-5,712
2018	$229,423	$249,441	$30,939	$-20,018

FRIENDSHIP ADULT DAY SERVICES INC