FRIENDS OF IFOSUD (EIN 810780593) - 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

2015

Legal Domicile

Principal Officer

RICHIE OSTLIE

Phone

7012381876

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF IFOSUD, founded in 2015, is a small nonprofit in the International Affairs sector that reported $759K in total revenue in fiscal year 2023.

Mission

TO SUPPORT IFOSUD AND ALL WORTHY AND QUALIFYING GRANTEES IN ITS MISSION TO ALLEVIATE POVERTY OF HAITIAN FARMERS AND SMALL BUSINESS OWNERS IN A SUSTAINABLE WAY

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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 $758,816

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $758,816

Expense Breakdown

Grants Paid $656,191

Salaries & Benefits $83,683

Fundraising Expenses $12,361

Program Expenses $719,840

Other Expenses $32,004

TOTAL EXPENSES $771,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$758,816	$780,151	0.0%
Expenses	$771,878	$688,293	+0.1%
Net Income	$-13,062	$91,858	-1.1%

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

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

$64,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KORSMO	PRESIDENT	2.00	Officer Director	$0	$0	$0
WADE BRUNS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN DAFFORN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHIE OSTLIE	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELLE BRISLIN	DIRECTOR	1.00	Director	$0	$0	$0
JODI DANZLL	DIRECTOR	1.00	Director	$0	$0	$0
GRADY THORSGARD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DRAXTON	EXECUTIVE DIRECTOR	40.00	Key Emp	$64,500	$0	$64,500

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$758,816	$771,878	$131,902	$-13,062
2022	$780,151	$688,293	$144,964	$91,858
2021	$514,005	$506,100	$53,106	$7,905
2020	$346,455	$331,856	$45,201	$14,599

FRIENDS OF IFOSUD