FRIENDSHIPS FOR HOPE INC

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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

2017

Legal Domicile

Principal Officer

JASON TURNER

Phone

6193955087

Tax Period

2024-01-01 to 2024-12-31

FRIENDSHIPS FOR HOPE INC, founded in 2017, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

TO AID IN THE ASSIMILATION OF IMMIGRANTS AND REFUGEES INTO THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $1,534,452

PROVIDING EDUCATION, FOOD AND SHELTER TO IMMIGRANTS AND REFUGEES

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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 $1,585,906

Program Service Revenue $0

Investment Income $1,315

Other Revenue $0

TOTAL REVENUE $1,587,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,650

Fundraising Expenses $0

Program Expenses $1,590,852

Other Expenses $1,449,714

TOTAL EXPENSES $1,603,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,587,221	$1,549,299	+0.0%
Expenses	$1,603,364	$294,867	+4.4%
Net Income	$-16,143	$1,254,432	-1.0%

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

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
WILL JAMES	PRESIDENT	N/A	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
2025	No data	No data	No data	No data
2024	$1,587,221	$1,603,364	$144,241	$-16,143
2023	$1,549,299	$294,867	$160,384	$1,254,432
2022	$1,518,956	$1,500,008	$192,063	$18,948
2021	$1,299,644	$1,241,269	$173,115	$58,375
2020	$241,397	$291,303	$114,740	$-49,906