FRIENDS OF CHILDREN OF NORTH CENTR… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

JOEL GEORGE

Phone

3526726112

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF CHILDREN OF NORTH CENTRAL FLORIDA INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $230K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 63% operating margin.

Mission

TO ASSIST IN PROVIDING A FAITH-BASED SETTING FOR HOUSING OF CHILDREN WHO HAVE TEMPORARILY OR PERMANENTLY BEEN REMOVED FROM THEIR HOMES OR NATURAL FAMILIES BY A GOVERNMENTAL OR OTHER AUTHORIZED AGENCY.

Program Service Accomplishments

Program 1

Expenses: $67,919

CONTINUED TO SUPPORT THE MINISTRY OF FLORIDA BAPTIST CHILDREN'S HOMES, A.K.A. ONE MORE CHILD, BY OFFERING ASSISTANCE TO FOSTER FAMILIES, PROMOTING FOSTERING AND ADOPTION, AND RAISING FUNDS FOR...

CONTINUED TO SUPPORT THE MINISTRY OF FLORIDA BAPTIST CHILDREN'S HOMES, A.K.A. ONE MORE CHILD, BY OFFERING ASSISTANCE TO FOSTER FAMILIES, PROMOTING FOSTERING AND ADOPTION, AND RAISING FUNDS FOR FACILITIES DESIGNED FOR SINGLE MOTHERS WHOSE CHILDREN WERE AT RISK OF BEING PLACED IN THE FOSTER CARE SYSTEM. THESE MOTHERS WILL RECEIVE MENTORING AND ASSISTANCE, WITH TRAINING THAT WILL HELP THEM BECOME SELF-SUFFICIENT.

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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 $99,199

Program Service Revenue $0

Investment Income $1,613

Other Revenue $129,020

TOTAL REVENUE $229,832

Expense Breakdown

Grants Paid $67,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,919

Other Expenses $17,936

TOTAL EXPENSES $85,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,832	$181,438	+0.3%
Expenses	$85,036	$107,723	-0.2%
Net Income	$144,796	$73,715	+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
KIMBERLEY BAXLEY	DIRECTOR	4.00	Director	$0	$0	$0
RONALD A LOCKE	DIRECTOR	4.00	Director	$0	$0	$0
JOEL D GEORGE	PRESIDENT	4.00	Officer Director	$0	$0	$0
WILLIAM E CELLON JR	TREASURER	4.00	Officer Director	$0	$0	$0
DONNA JORDAN	SECRETARY	4.00	Officer Director	$0	$0	$0
ROBERT DAVIS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
GARY HUNTER	DIRECTOR	4.00	Director	$0	$0	$0
GINA DICKEY	DIRECTOR	4.00	Director	$0	$0	$0
PATRICK INGLETT	DIRECTOR	4.00	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	$229,832	$85,036	$398,236	$144,796
2022	$181,438	$107,723	$253,440	$73,715
2021	$111,031	$53,310	$179,725	$57,721
2020	$174,816	$189,983	$122,004	$-15,167
2019	$162,593	$278,779	$137,171	$-116,186
2018	$94,022	$106,419	$252,596	$-12,397

FRIENDS OF CHILDREN OF NORTH CENTRAL FLORIDA INC