FRIENDSHIP ADVENTURES

EIN: 731696316 501(c)(3) Human Services

KIRKLAND, WA

Total Revenue
$358,783
Total Expenses
$354,765
Total Assets
$1,720,021
Net Assets
$1,720,021
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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
2004
Legal Domicile
WA
Principal Officer
MAUREEN BROWNING
Phone
4254443132
Tax Period
2023-01-01 to 2023-12-31

FRIENDSHIP ADVENTURES, founded in 2004, is a small nonprofit in the Human Services sector that reported $359K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Net assets of $1.7M represent 58 months of operating reserves.

Mission

OPERATING FRIENDSHIP ADVENTURES DAY USE FACILITY AND SCHEDULING MULTIPLE SPECIAL EVENTS FOR PARTICIPANTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $186,199
Program Service Revenue $143,340
Investment Income $26,762
Other Revenue $2,482
TOTAL REVENUE $358,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $223,273
Fundraising Expenses $2,450
Program Expenses $330,407
Other Expenses $131,492
TOTAL EXPENSES $354,765

Year-over-Year Comparison

2023 2022 Change
Revenue $358,783 $1,841,176 -0.8%
Expenses $354,765 $214,181 +0.7%
Net Income $4,018 $1,626,995 -1.0%
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

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Governance

Voting Members
2
Independent Members
1
Employees
6
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
1
$24,500
Total Directors
2
$24,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAUREEN BROWNING BOARD CHAIRMAN, EXEC DIREC 40.00
Officer Director
$24,500 $0 $24,500
GALE DELISIO 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
2024 No data No data No data No data
2023 $358,783 $354,765 $1,720,021 $4,018
2022 $1,841,176 $214,181 $1,716,003 $1,626,995
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