FRIENDSHIP HOUSE INC

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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

1963

Legal Domicile

Principal Officer

MIKE READ

Phone

6153273909

Tax Period

2024-12-01 to 2025-11-30

FRIENDSHIP HOUSE INC, founded in 1963, is a small nonprofit in the Mental Health sector that reported $227K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Net assets of $1.9M represent 101 months of operating reserves.

Mission

FRIENDSHIP HOUSE IS COMMITTED TO PROVIDING A SAFE, CLEAN AND RELIABLEPLACE FOR PEOPLE RECOVERING FROM ALCOHOLISM TO HAVE MEETINGS AND FELLOWSHIP.

Program Service Accomplishments

Program 1

Expenses: $170,460 Revenue: $63,645

PRESERVATION OF LAND FOR PUBLIC USE (FOR EXAMPLE. RECREATION OR EDUCATION) PROTECTION OF NATURAL HABITAT PRESERVATION OF OPEN SPACE PRESERVATION OF A HISTORICALLY IMPORTANT LAND AREA

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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 $121,587

Program Service Revenue $44,824

Investment Income $35,972

Other Revenue $25,069

TOTAL REVENUE $227,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,900

Fundraising Expenses $0

Program Expenses $170,460

Other Expenses $91,351

TOTAL EXPENSES $235,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,452	$170,849	+0.3%
Expenses	$235,251	$220,789	+0.1%
Net Income	$-7,799	$-49,940	-0.8%

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
AMY KURLAND	FUNDRAISER	1.50	Director	$0	$0	$0
BERRY HOLT	MEMBER AT LARGE	1.50	Director	$0	$0	$0
KENNETH LEE	NOMINEE CHAIR	1.50	Director	$0	$0	$0
LAMAR COATS	MEMBER AT LARGE	1.50	Director	$0	$0	$0
TANYA NEALES	CHAIRPERSON	1.50	Officer	$0	$0	$0
RACHEL CONDIT	SECRETARY	1.50	Officer	$0	$0	$0
MATT ROSENBERG	TREASURER/HOUSE MANAGER	1.50	Officer	$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	$227,452	$235,251	$1,911,730	$-7,799
2024	$170,849	$220,789	$1,788,923	$-49,940
2023	$641,151	$198,756	$1,642,743	$442,395
2022	$289,756	$186,255	$1,157,282	$103,501
2021	$210,273	$165,399	$1,145,592	$44,874
2020	$153,064	$159,186	$1,072,845	$-6,122
2019	$187,589	$151,498	$1,021,362	$36,091
2018	$141,977	$155,061	$959,653	$-13,084