Good Friends (EIN 561589387) - 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

1987

Legal Domicile

Principal Officer

Marinn Esch

Phone

7045231222

Tax Period

2024-07-01 to 2025-06-30

Good Friends, founded in 1987, is a small nonprofit that reported $567K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $489K left a modest 14% surplus.

Mission

TO PROVIDE EMERGENCY ASSISTANCE TO LOW INCOME INDIVIDUALS AND FAMILIESIN MECKLENBURG COUNTY, NC. ELIGIBILITY IS DETERMINED BY IMPARTIAL GUIDELINES AND A REFERRALSYSTEM.

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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 $639,565

Program Service Revenue $0

Investment Income $0

Other Revenue $-72,353

TOTAL REVENUE $567,212

Expense Breakdown

Grants Paid $317,801

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,409

Other Expenses $171,076

TOTAL EXPENSES $488,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$567,212	$610,545	-0.1%
Expenses	$488,877	$571,633	-0.1%
Net Income	$78,335	$38,912	+1.0%

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

N/A

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
Kim Beal	Director	2.00	Director	$0	$0	$0
Katie Cornwell	Director	2.00	Director	$0	$0	$0
Katharine Cowan	Director	2.00	Director	$0	$0	$0
Gaither Deaton	Director	2.00	Director	$0	$0	$0
Megan Dunbar	Director	2.00	Director	$0	$0	$0
Marinn Esch	President	5.00	Officer Director	$0	$0	$0
Samantha Dunbar	Treasurer	2.00	Officer Director	$0	$0	$0
Liz Garofalo	Director	2.00	Director	$0	$0	$0
Charlitta Hatch	Director	2.00	Director	$0	$0	$0
Catherine Hensley	Director	2.00	Director	$0	$0	$0
Barbara Holt	Director	2.00	Director	$0	$0	$0
Yoland Johnson	Director	2.00	Director	$0	$0	$0
Bev Lassiter	Past President	2.00	Officer Director	$0	$0	$0
Kristin Lewis	Director	2.00	Director	$0	$0	$0
Kimberly Lovejoy-Broadie	Director	2.00	Director	$0	$0	$0
Tricia Magee	Director	2.00	Director	$0	$0	$0
Nancy McNelis	Director	2.00	Director	$0	$0	$0
Alicia Morris-Rudd	Secretary	2.00	Officer Director	$0	$0	$0
Charla Muller	Director	2.00	Director	$0	$0	$0
Amy Noland Pack	Director	2.00	Director	$0	$0	$0
Mary Tinkey	President Elect	2.00	Officer 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	$567,212	$488,877	$550,178	$78,335
2024	No data	No data	No data	No data
2023	$606,739	$505,824	$437,013	$100,915
2022	$764,318	$1,021,117	$350,048	$-256,799
2021	$602,380	$446,075	$606,847	$156,305
2020	$624,911	$551,307	$450,542	$73,604
2019	$500,008	$393,744	$376,938	$106,264

Good Friends