CIRCLE OF FRIENDS INC

EIN: 751890379 501(c)(3)

AMARILLO, TX

Total Revenue
$12,687
Total Expenses
$510,899
Total Assets
N/A
Net Assets
N/A
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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
1983
Legal Domicile
TX
Principal Officer
NITA RIEMER
Phone
8062122530
Tax Period
2019-02-01 to 2020-01-31

CIRCLE OF FRIENDS INC, founded in 1983, is a micro nonprofit that reported $13K in total revenue in fiscal year 2019. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $511K exceeded revenue, resulting in a 3927% operating deficit.

Mission

CIRCLE OF FRIENDS, INC., A NONPROFIT ORGANIZATION, IS DEDICATED TO HELPING CANCER PATIENTS AND THEIR FAMILIES IN TIMES OF NEED. THROUGH ITS AFFILIATION WITH THE HARRINGTON CANCER AND HEALTH FOUNDATION, CIRCLE OF FRIENDS, INC. DEVELOPS AND IMPLEMENTS FUND RAISING ACTIVITIES PRIMARILY TO PROVIDE FINANCIAL ASSISTANCE AND PATIENT CARE AND SUPPORT PROGRAMS FOR THOSE AFFECTED BY CANCER. CIRCLE OF FRIENDS, INC. WORKS WITH THE HARRINGTON CANCER FOUNDATION TO PROVIDE CANCER EDUCATIONAL OPPORTUNITIES FOR PEOPLE THROUGHOUT THE REGION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $7,846
Program Service Revenue $75
Investment Income $4,766
Other Revenue $0
TOTAL REVENUE $12,687

Expense Breakdown

Grants Paid $475,200
Salaries & Benefits $0
Fundraising Expenses $400
Program Expenses $486,903
Other Expenses $35,699
TOTAL EXPENSES $510,899

Year-over-Year Comparison

2019 2018 Change
Revenue $12,687 $241,233 -0.9%
Expenses $510,899 $116,944 +3.4%
Net Income $-498,212 $124,289 -5.0%
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
13
Independent Members
13
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY BROWN BOARD MEMBER 0.25
Director
$0 $0 $0
MARILEE BULLS BOARD MEMBER 0.25
Director
$0 $0 $0
AUDREY GIBSON BOARD MEMBER 0.25
Director
$0 $0 $0
SHAYNNA GOLDSTON BOARD MEMBER 0.25
Director
$0 $0 $0
LIZ HANING V-PRESIDENT 0.50
Officer Director
$0 $0 $0
CHARLOTTE HEFLEY BOARD MEMBER 0.25
Director
$0 $0 $0
KIM LINDLEY SECRETARY 0.50
Officer Director
$0 $0 $0
HOLLY MCLAIN BOARD MEMBER 0.25
Director
$0 $0 $0
NITA RIEMER PRESIDENT 1.00
Officer Director
$0 $0 $0
MELODEE ROGERS BOARD MEMBER 0.25
Director
$0 $0 $0
RENAE SMITH BOARD MEMBER 0.25
Director
$0 $0 $0
TONJA STOWERS BOARD MEMBER 0.25
Director
$0 $0 $0
DEBI SWAFFORD BOARD MEMBER 0.25
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
2020 $12,687 $510,899 No data $-498,212
2019 $241,233 $116,944 $498,212 $124,289
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