Friendly Acres Inc (EIN 742278523) - Form 990 Financial Analysis & Trantor Score

🔒

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

1984

Legal Domicile

Principal Officer

David Rose

Phone

3617827230

Tax Period

2024-01-01 to 2024-12-31

Friendly Acres Inc, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $199K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 13% operating deficit.

Mission

Provide housing for the elderly and handicapped in exempt purposes.

🔒

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 $0

Program Service Revenue $197,304

Investment Income $1,824

Other Revenue $0

TOTAL REVENUE $199,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $224,160

Other Expenses $224,160

TOTAL EXPENSES $224,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,128	$378,224	-0.5%
Expenses	$224,160	$152,401	+0.5%
Net Income	$-25,032	$225,823	-1.1%

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

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
David Rose	President	1.00	Officer	$0	$0	$0
Steve Brezina	Vice-President	1.00	Officer	$0	$0	$0
Diane Powell	Secretary	1.00	Officer	$0	$0	$0
Catherine Ozment	Treasurer	1.00	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	$199,128	$224,160	$869,651	$-25,032
2023	$378,224	$152,401	$996,372	$225,823
2022	$60,334	$176,177	$895,657	$-115,843
2021	$60,706	$206,589	$1,180,693	$-145,883
2020	$277,558	$165,887	$1,246,085	$111,671
2019	$153,237	$124,170	$1,131,559	$29,067
2018	$249,887	$112,132	$1,119,658	$137,755

Friendly Acres Inc