FRIENDS OF MORSELIFE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Phone

5614715111

Tax Period

2024-06-01 to 2025-05-31

FRIENDS OF MORSELIFE INC, founded in 1992, is a micro nonprofit in the Health Care sector that reported $256K in total revenue in fiscal year 2024. Revenue fell 121% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION RAISES FUNDS TO SUPPORT THE ACTIVITIES OF AFFILIATED 501(C)(3) ENTITIES TO ENABLE SENIORS SERVED BY MORSELIFE TO LIVE THEIR LIVES WITH QUALITY AND DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $152,056

THE PRIMARY PURPOSE IS TO RAISE FUNDS FROM THE PUBLIC AT LARGE FOR THE BENEFIT OF RELATED 501(C)(3) ORGANIZATIONS THAT CARE FOR THE FRAIL ELDERLY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $156,680

Program Service Revenue $0

Investment Income $0

Other Revenue $-412,221

TOTAL REVENUE $-255,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,876

Fundraising Expenses $359,488

Program Expenses $152,056

Other Expenses $29,372

TOTAL EXPENSES $530,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-255,541	$1,209,689	-1.2%
Expenses	$530,248	$1,055,726	-0.5%
Net Income	$-785,789	$153,963	-6.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
KEITH MYERS	CEO, PRESIDENT	2.0	Officer Director	$0	$0	$0
MICHAEL MARGOLIS	CHAIRMAN	2.0	Officer Director	$0	$0	$0
RANDY WOLAN	CFO	2.0	Officer Director	$0	$0	$0
RICHARD ROTHSCHILD	TREASURER/SECRETARY	2.0	Officer Director	$0	$0	$0
ARTHUR LORING	DIRECTOR	2.0	Director	$0	$0	$0
DAVID MACK	DIRECTOR	2.0	Director	$0	$0	$0
DONALD EPHRAIM	DIRECTOR	2.0	Director	$0	$0	$0
FRANCINE KITTREDGE	DIRECTOR	2.0	Director	$0	$0	$0
GARY GRANOOF	DIRECTOR	2.0	Director	$0	$0	$0
HOWARD KAYE	DIRECTOR	2.0	Director	$0	$0	$0
JOSEPH JACOB	DIRECTOR	2.0	Director	$0	$0	$0
RONALD BERK	DIRECTOR	2.0	Director	$0	$0	$0
ROY APPLE	DIRECTOR	2.0	Director	$0	$0	$0
STANLEY KATZ	DIRECTOR	2.0	Director	$0	$0	$0
SUSAN MENDIK	DIRECTOR	2.0	Director	$0	$0	$0
TERRI SRIBERG	DIRECTOR	2.0	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
2025	$-255,541	$530,248	$99,102	$-785,789
2024	$1,209,689	$1,055,726	$107,640	$153,963
2023	$164,369	$1,306,518	$105,750	$-1,142,149
2022	$32,711	$370,459	$212,127	$-337,748
2021	$22,487	$287,387	$105,276	$-264,900
2020	$1,281,673	$587,178	$118,196	$694,495
2019	$1,678,826	$476,801	$144,347	$1,202,025
2018	$1,317,460	$2,929,362	$214,162	$-1,611,902