THE FAMILY OF FRIENDS

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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

1989

Legal Domicile

Principal Officer

MOLLY PHILLIPS

Phone

4077324981

Tax Period

2023-01-01 to 2023-12-31

THE FAMILY OF FRIENDS, founded in 1989, is a small nonprofit that reported $305K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $353K exceeded revenue, resulting in a 16% operating deficit.

Mission

The Family of Friends is a licensed ALF providing care for adult males with mental illness. We offer 24/7 supervision in a family home environment providing meals, medication disbursement, group activities and transportation for individual needs. We strive to continuously improve quality of life while minimizing costs for residents families.

Program Service Accomplishments

Program 1

Expenses: $296,495 Revenue: $271,149

FAMILY OF FRIENDS, INC IS AN ASSISTED LIVING FACILITY EXCLUSIVELY FOR ADULT MALES WITH MENTAL ILLNESS. OUR RESIDENTS ARE PROVIDED THE OPPORTUNITY TO LIVE IN A COMMUNITY AMONG THEIR PEERS AND ARE...

FAMILY OF FRIENDS, INC IS AN ASSISTED LIVING FACILITY EXCLUSIVELY FOR ADULT MALES WITH MENTAL ILLNESS. OUR RESIDENTS ARE PROVIDED THE OPPORTUNITY TO LIVE IN A COMMUNITY AMONG THEIR PEERS AND ARE LOOKED AFTER AS IF THEY ARE A PART OF OUR OWN FAMILY. DURING 2023 THE ORGANIZATION PROVIDED SERVICES FOR 12 RESIDENTS.

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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 $34,226

Program Service Revenue $271,149

Investment Income $-675

Other Revenue $0

TOTAL REVENUE $304,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,845

Fundraising Expenses $0

Program Expenses $296,495

Other Expenses $95,363

TOTAL EXPENSES $353,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$304,700	$349,101	-0.1%
Expenses	$353,208	$375,206	-0.1%
Net Income	$-48,508	$-26,105	+0.9%

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
BRADY PHILLIPS	PRESIDENT/DIRECTOR	002.00	Officer Director	$0	$0	$0
CHRIS HAYES	VICE PRESIDENT/DIRECTOR	002.00	Officer Director	$0	$0	$0
N/A	TREASURER/DIRECTOR	002.00	Officer Director	$0	$0	$0
JAN FARNSWORTH	DIRECTOR	001.00	Director	$0	$0	$0
WILLIAM SEFTON	DIRECTOR	001.00	Director	$0	$0	$0
NATA TREISE	DIRECTOR	001.00	Director	$0	$0	$0
JEANNETTE SIMMONS	DIRECTOR	002.00	Director	$0	$0	$0
TAMMY AGNINI	DIRECTOR	001.00	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	$304,700	$353,208	$150,171	$-48,508
2022	$349,101	$375,206	$213,200	$-26,105
2021	$350,196	$327,535	$249,550	$22,661
2020	$335,648	$285,928	$236,322	$49,720
2019	$279,689	$288,005	$195,908	$-8,316
2018	$253,724	$279,215	$211,166	$-25,491