FRIENDS OF BANANAS INC (EIN 721608261) - 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

2005

Legal Domicile

Principal Officer

KYLE SCHRINER

Phone

5106587353

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF BANANAS INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $182K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $160K left a modest 12% surplus.

Mission

FRIENDS OF BANANAS, INC. ("FOB") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND PUBLIC PURPOSES. IT WAS FORMED TO PURCHASE, PROVIDE ADMINISTRATIVE OVERSIGHT OVER AND SUPERVISE MAINTENANCE OF THE BUILDING HOUSING BANANAS, INC.

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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 $2,000

Program Service Revenue $180,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $182,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $159,554

Other Expenses $160,302

TOTAL EXPENSES $160,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,000	$226,080	-0.2%
Expenses	$160,302	$727	+219.5%
Net Income	$21,698	$225,353	-0.9%

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
DON JEN	TREASURER	1.00	Officer Director	$0	$0	$0
DOW-JANE PEI	SECRETARY	1.00	Officer Director	$0	$0	$0
KYLE SCHRINER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ROBIN PHIPPS	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$182,000	$160,302	$2,061,938	$21,698
2023	$226,080	$727	$1,646,286	$225,353
2022	$62,093	$6,803	$1,406,068	$55,290
2021	$2,551	$8,183	$1,448,726	$-5,632
2020	$-19,517	$3,040	$1,460,507	$-22,557
2019	$-8,521	$6,513	$1,524,850	$-15,034
2018	$-7,161	$1,969	$1,578,234	$-9,130

FRIENDS OF BANANAS INC