FRIENDS OF FOLSOM

EIN: 810931466 501(c)(3) Food, Agriculture & Nutrition

FOLSOM, CA

Total Revenue
$160,889
Total Expenses
$184,333
Total Assets
$10,092
Net Assets
$9,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
JEFF GARCIA
Phone
9162610625
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF FOLSOM, founded in 2015, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $161K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $184K exceeded revenue, resulting in a 15% operating deficit.

Mission

OUR FLAGSHIP PROGRAM IS OUR ANNUAL TURKEY DRIVE WITH CLOSE TO 80,000 FAMILIES FED OVER THE LAST 15 YEARS. FRIENDS OF FOLSOM HAS AN ANNUAL ADOPT A-FAMILY PROGRAM FOR CHRISTMAS THAT HAS ENABLED US TO PROVIDE CHRISTMAS GIFTS FOR SEVERAL HUNDRED FAMILIES OVER THE LAST FEW YEARS AS WELL. FRIENDS OF FOLSOM DOES BOTH VALENTINES DAY AND EASTER PROGRAMS TO BENEFIT BOTH YOUTH AND ELDERLY IN OUR HOME COMMUNITY. WE ARE HEAVILY INVOLVED WITH BLESSINGS IN A BACKPACK TO ENSURE STUDENTS IN OUR COMMUNITY DO NOT GO HUNGRY BOTH WHILE SCHOOL IS IN SESSION AND WHEN IT IS NOT. WE ALSO ACT AS A RESOURCE DURING EMERGENCY EVENTS (SUCH AS FIRES AND NATURAL DISASTERS) IN THE COMMUNITY AS THEY ARISE. WE HAVE BEEN ABLE TO FUNDRAISE USING OUR NETWORK OF VOLUNTEERS, AND HAVE HELPED NUMEROUS LOCAL CHARITIES, FAMILIES, INDIVIDUALS AND CAUSES AS WELL AS SOME NATIONALLY AND ABROAD. BY HAVING NO PAID MEMBERS WE CAN MAKE DONATIONS GO FURTHER AND MAKE MORE OF AN IMPACT IN OUR COMMUNITY, OUR DONORS ARE MAINLY LOCAL BUSINESS

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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 (2024)

Revenue Breakdown

Contributions & Grants $111,195
Program Service Revenue $0
Investment Income $0
Other Revenue $49,694
TOTAL REVENUE $160,889

Expense Breakdown

Grants Paid $123,419
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $160,455
Other Expenses $60,914
TOTAL EXPENSES $184,333

Year-over-Year Comparison

2024 2023 Change
Revenue $160,889 $187,140 -0.1%
Expenses $184,333 $172,275 +0.1%
Net Income $-23,444 $14,865 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
75

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF GARCIA PRESIDENT 6.00
Officer
$0 $0 $0
SARAH WOODS TREASURER 5.00
Officer
$0 $0 $0
MOISES ABARCA SECRETARY 7.00
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 $160,889 $184,333 $10,092 $-23,444
2022 $193,834 $202,456 $11,323 $-8,622
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