FRIENDSHIP TOWER INC (EIN 581324092) - 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

1970

Legal Domicile

Principal Officer

Carter Coleman Jr

Phone

4045257666

Tax Period

2024-04-01 to 2025-03-31

FRIENDSHIP TOWER INC, founded in 1970, is a micro nonprofit that reported $261K in total revenue in fiscal year 2024.

Mission

A CHURCH SPONSORED HOUSING FOR SENIORS AND HANDICAPPED INDIVIDUALS ENTITYS MISSION AS ESTABLISHED IN CONJUNCTION WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT,IS TO PROVIDE SAFE,DECENT AND LOW

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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 $0

Program Service Revenue $0

Investment Income $12

Other Revenue $-260,675

TOTAL REVENUE $-260,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-260,663	$-78,624	+2.3%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-78,624	N/A

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

N/A

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
OPEN	BOARD CHAIR	2.00	Director	$0	$0	$0
ROBERT BOZEMAN	VICE CHAIR	2.00	Director	$0	$0	$0
GROVER C RANDLE JR	SECRETARY	2.00	Director	$0	$0	$0
CARTER COLEMAN JR	TREASURER	2.00	Director	$0	$0	$0
VIOLA BLACKSHEAR	DIRECTOR	2.00	Director	$0	$0	$0
MC MOORE JR	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
2025	$-260,663	No data	$440,412	No data
2024	$-78,624	No data	$642,910	No data
2023	$-25,206	No data	$465,419	No data
2022	$428,545	No data	$436,612	No data
2021	$111,662	No data	$362,580	No data
2020	$-36,522	No data	$400,430	No data
2019	$112,344	No data	$441,144	No data

FRIENDSHIP TOWER INC