FRIENDS OF 40PRADO (EIN 770540323) - 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

1999

Legal Domicile

Principal Officer

CHRIS GOMEZ

Phone

8055457798

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF 40PRADO, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $424K in total revenue in fiscal year 2024.

Mission

TO PROVIDE FUNDING FOR PRADO DAY CENTER HOMELESS SHELTER LOCATED IN SAN LUIS OBISPO, CA

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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 (2024)

Revenue Breakdown

Contributions & Grants $413,987

Program Service Revenue $0

Investment Income $10,402

Other Revenue $0

TOTAL REVENUE $424,389

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $0

Fundraising Expenses $29,365

Program Expenses $402,026

Other Expenses $48,496

TOTAL EXPENSES $448,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,389	$405,114	+0.0%
Expenses	$448,496	$456,082	0.0%
Net Income	$-24,107	$-50,968	-0.5%

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
CHRIS GOMEZ	PRESIDENT	3.00	Officer Director	$0	$0	$0
DEBORAH AMORTEGUY	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT IGEL	TREASURER	2.50	Officer Director	$0	$0	$0
TIM CONNELY	COMMUNITY REPRESENTATIVE	1.25	Director	$0	$0	$0
TY GREEN	COMMUNITY REPRESENTATIVE	1.25	Director	$0	$0	$0
BRYNNE SPEIZER	COMMUNITY REPRESENTATIVE	1.25	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
2025	$424,389	$448,496	$485,144	$-24,107
2024	$405,114	$456,082	$508,775	$-50,968
2023	$428,517	$689,927	$552,451	$-261,410
2022	$424,234	$345,860	$806,443	$78,374
2021	$488,183	$451,299	$748,239	$36,884
2020	$542,166	$496,417	$700,619	$45,749
2019	$435,960	$469,750	$653,790	$-33,790
2018	$499,006	$435,518	$687,580	$63,488

FRIENDS OF 40PRADO