Friendship Place Inc (EIN 571073276) - 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

1999

Legal Domicile

Principal Officer

Gladys M Rutledge-Livingston

Phone

8435451115

Tax Period

2023-01-01 to 2023-12-31

Friendship Place Inc, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $646K in total revenue in fiscal year 2023. The organization ran a surplus of $240K, a strong 37% operating margin.

Mission

Friendship Place is a Christian Organization that works to feed the hungry, focus on childhood literacy and creatively address the unmet need of the Gerogetown County Community.

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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 $573,218

Program Service Revenue $106,074

Investment Income $26,056

Other Revenue $-59,234

TOTAL REVENUE $646,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,210

Fundraising Expenses $515

Program Expenses $293,906

Other Expenses $199,920

TOTAL EXPENSES $406,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$646,114	$675,916	0.0%
Expenses	$406,130	$470,318	-0.1%
Net Income	$239,984	$205,598	+0.2%

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

$72,342

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlie Ball	Executive Director	45.00	Key Emp Highest	$72,342	$0	$72,342
Wayne Coleman	President	5.00	Officer Director	$0	$0	$0
Burt Palmer	Vice President	5.00	Officer Director	$0	$0	$0
Betsy Harper	Treasurer	5.00	Officer Director	$0	$0	$0
Mike Calabrese	Director	2.00	Director	$0	$0	$0
Shawn Roper	Director	2.00	Director	$0	$0	$0
Elise Wall	Director	2.00	Director	$0	$0	$0
Neil Fico	Director	2.00	Director	$0	$0	$0
Bud Harper	Director	2.00	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
2024	No data	No data	No data	No data
2023	$646,114	$406,130	$1,707,627	$239,984
2022	$675,916	$470,318	$1,473,946	$205,598
2021	$936,025	$359,628	$1,050,008	$576,397
2020	$437,174	$302,993	$456,841	$134,181

Friendship Place Inc