FRIENDS OF THE HOMELESS INC (EIN 581912814) - 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

1990

Legal Domicile

Principal Officer

SUE PROCTOR

Phone

2525222788

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE HOMELESS INC, founded in 1990, is a micro nonprofit in the Human Services sector that reported $57K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $120K exceeded revenue, resulting in a 110% operating deficit.

Mission

TO SERVE THE HOMELESS IN EASTERN NC

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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 $50,592

Program Service Revenue $0

Investment Income $6,425

Other Revenue $0

TOTAL REVENUE $57,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,679

Fundraising Expenses $0

Program Expenses $97,674

Other Expenses $40,309

TOTAL EXPENSES $119,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,017	$424,112	-0.9%
Expenses	$119,988	$110,475	+0.1%
Net Income	$-62,971	$313,637	-1.2%

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

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
REGINAL BRADSHAW	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY COBB	BOARD MEMBER	2.00	Director	$0	$0	$0
JEAN CULBRETH	BOARD MEMBER	2.00	Director	$0	$0	$0
TANYA DEAVER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN GOODMAN	TREASURER	2.00	Officer Director	$0	$0	$0
DONNA HARDY	BOARD MEMBER	2.00	Director	$0	$0	$0
DONNA KEITH	SECRETARY	2.00	Officer Director	$0	$0	$0
VICTOR KOSINSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROL LARKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK MOORE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARILYN PATRICK	FINANCE CHAI	2.00	Director	$0	$0	$0
DANIEL W RICE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURENE SHARPE	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDY SKIRVING	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTIAN SMITH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ALICE TINGLE	BOARD MEMBER	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
2023	$57,017	$119,988	$509,447	$-62,971
2022	$424,112	$110,475	$558,685	$313,637
2021	$143,410	$105,817	$280,643	$37,593

FRIENDS OF THE HOMELESS INC