FRIENDS FOR LIFE (EIN 742550748) - 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

1989

Legal Domicile

Principal Officer

INEZ RUSSELL

Phone

2547727600

Tax Period

2023-09-01 to 2024-08-31

FRIENDS FOR LIFE, founded in 1989, is a community nonprofit in the Health Care sector that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $860K, a strong 18% operating margin.

Mission

FRIENDS FOR LIFE HELPS THE ELDERLY & PEOPLE WITH DISABILITIES LIVE INDEPENDENTLY AS LONG AS POSSIBLE, PROTECTS & CARES FOR THOSE WHO ARE UNABLE TO CARE FOR THEMSELVES & BRINGS GENERATIONS TOGETHER TO ENRICH LIVES.

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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 $1,908,499

Program Service Revenue $2,848,483

Investment Income $27,167

Other Revenue $22,849

TOTAL REVENUE $4,806,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,137,201

Fundraising Expenses $9,832

Program Expenses $3,621,338

Other Expenses $809,485

TOTAL EXPENSES $3,946,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,806,998	$3,757,975	+0.3%
Expenses	$3,946,686	$3,476,219	+0.1%
Net Income	$860,312	$281,756	+2.1%

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

122

Volunteers

906

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

$149,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
B J GREAVES	PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDY RAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEONARD ENGLANDER	TREASURER	1.00	Officer Director	$0	$0	$0
PAM THOMASON	SECRETARY	1.00	Officer Director	$0	$0	$0
ERMA BALLENGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MORKOVSKY	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN JAMISON	DIRECTOR	1.00	Director	$0	$0	$0
TOM RAY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
BUDDY EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
INEZ RUSSELL	EXECUTIVE DIRECTOR	60.00	Officer	$82,417	$0	$82,417
CARLA HINES	CFO	40.00	Officer	$53,646	$0	$53,646
CAREY AMTHOR	PROGRAM OFFICER	40.00	Officer	$13,520	$0	$13,520

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	$4,806,998	$3,946,686	$3,529,036	$860,312
2023	$3,757,975	$3,476,219	$2,657,520	$281,756
2022	$3,137,299	$3,169,092	$2,465,667	$-31,793
2021	$3,158,758	$2,738,827	$2,118,394	$419,931
2020	$2,869,903	$3,056,657	$2,266,599	$-186,754
2019	$2,711,493	$2,738,855	$2,182,352	$-27,362
2018	$2,350,649	$2,389,945	$2,266,582	$-39,296

FRIENDS FOR LIFE