BEN'S FRIENDS (EIN 814548364) - 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

2016

Legal Domicile

Principal Officer

STEPHEN PALMER

Phone

8432978385

Tax Period

2024-01-01 to 2024-12-31

BEN'S FRIENDS, founded in 2016, is a small nonprofit in the Mental Health sector that reported $260K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $106K, a strong 41% operating margin.

Mission

BEN'S FRIENDS IS THE FOOD AND BEVERAGE INDUSTRY SUPPORT GROUP OFFERING HOPE, FELLOWSHIP, AND A PATH FORWARD TO PROFESSIONALS WHO STRUGGLE WITH SUBSTANCE ABUSE AND ADDICTION.

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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 $260,079

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $260,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,978

Fundraising Expenses $0

Program Expenses $147,106

Other Expenses $63,096

TOTAL EXPENSES $154,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$260,079	$224,219	+0.2%
Expenses	$154,074	$178,221	-0.1%
Net Income	$106,005	$45,998	+1.3%

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

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

$83,654

Total Directors

$83,654

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN D PALMER	PRESIDENT	5.00	Director	$0	$0	$0
MICHAEL S BAKST	VICE PRESIDENT	35.00	Officer Director	$83,654	$0	$83,654
SCOTT CRAWFORD	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER DAILEY	TREASURER/SECRETARY	5.00	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
2024	$260,079	$154,074	$210,082	$106,005
2023	$224,219	$178,221	$102,932	$45,998

BEN'S FRIENDS