FRIENDSHIP CHRISTIAN SCHOOL INC (EIN 620897591) - 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

1973

Legal Domicile

Principal Officer

JON SHOULDERS

Phone

6154491573

Tax Period

2024-06-01 to 2025-05-31

FRIENDSHIP CHRISTIAN SCHOOL INC, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2024. Expenses of $12.8M left a modest 8% surplus.

Mission

ELEMENTARY AND SECONDARY EDUCATION

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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 $886,591

Program Service Revenue $12,976,284

Investment Income $93,060

Other Revenue $-5,137

TOTAL REVENUE $13,950,798

Expense Breakdown

Grants Paid $2,113,165

Salaries & Benefits $6,289,105

Fundraising Expenses $70,237

Program Expenses $10,539,096

Other Expenses $4,387,304

TOTAL EXPENSES $12,789,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,950,798	$12,963,148	+0.1%
Expenses	$12,789,574	$11,012,298	+0.2%
Net Income	$1,161,224	$1,950,850	-0.4%

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

192

Volunteers

225

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

$372,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN LESTER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BILL BRYSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WYNNE BAKER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BILL ROBERTSON MD	DIRECTOR	1.00	Director	$0	$0	$0
ROGER RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
WENDY HAILEY	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HINESLEY	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY MCCULLOCH	DIRECTOR	1.00	Director	$0	$0	$0
JOY MCMURRY	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
MATT BRYSON	DIRECTOR	1.00	Director	$0	$0	$0
JON SHOULDERS	PRESIDENT/CEO	40.00	Officer	$151,048	$67,468	$218,516
RANDALL DUNN	EXECUTIVE VICE PRESIDENT/CFO	40.00	Officer	$130,332	$24,121	$154,453
VERONICA BENDER	PRINCIPAL	40.00	Highest	$136,992	$2,005	$138,997

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	$13,950,798	$12,789,574	$12,681,732	$1,161,224
2024	$12,963,148	$11,012,298	$11,461,949	$1,950,850
2023	$10,801,339	$9,574,276	$9,790,197	$1,227,063
2022	$9,965,951	$8,192,267	$8,454,911	$1,773,684
2021	$7,855,016	$7,123,187	$8,040,457	$731,829
2020	$7,220,202	$6,747,035	$7,372,413	$473,167
2019	$6,744,761	$6,758,426	$6,543,991	$-13,665
2018	$6,748,138	$6,689,179	$6,507,388	$58,959

FRIENDSHIP CHRISTIAN SCHOOL INC