FRIENDSHIP HOUSE INC (EIN 620713645) - 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

1963

Legal Domicile

Principal Officer

MIKE READ

Phone

6153273909

Tax Period

2023-12-01 to 2024-11-30

FRIENDSHIP HOUSE INC, founded in 1963, is a small nonprofit in the Mental Health sector that reported $171K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $221K exceeded revenue, resulting in a 29% operating deficit.

Mission

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

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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 $65,749

Program Service Revenue $40,652

Investment Income $35,574

Other Revenue $28,874

TOTAL REVENUE $170,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,408

Fundraising Expenses $0

Program Expenses $153,414

Other Expenses $76,381

TOTAL EXPENSES $220,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,849	$641,151	-0.7%
Expenses	$220,789	$198,756	+0.1%
Net Income	$-49,940	$442,395	-1.1%

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	DIRECTOR	1.50	Director	$0	$0	$0
BERRY HOLT	DIRECTOR	1.50	Director	$0	$0	$0
KENNETH LEE	DIRECTOR	1.50	Director	$0	$0	$0
LAMAR COATS	DIRECTOR	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
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

FRIENDSHIP HOUSE INC