FRIENDS OF FARADAY

EIN: 821963871 501(c)(3) Philanthropy & Grantmaking

Spokane, WA

Total Revenue
$646,605
Total Expenses
$645,004
Total Assets
$2,054
Net Assets
$2,054
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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
MI
Principal Officer
Jonathan Andrew Moo
Phone
5097773386
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF FARADAY, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $647K in total revenue in fiscal year 2023. Revenue surged 6366% from the prior year, signaling strong growth momentum.

Mission

The corporation's purposes are to provide funds and resources to facilitate the public understanding of science and religion by encouraging and contributing to the support of The Faraday Institute for Science and Religion in Cambridge, United Kingdom.

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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 (2023)

Revenue Breakdown

Contributions & Grants $646,605
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $646,605

Expense Breakdown

Grants Paid $644,575
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $644,575
Other Expenses $429
TOTAL EXPENSES $645,004

Year-over-Year Comparison

2023 2022 Change
Revenue $646,605 $10,000 +63.7%
Expenses $645,004 $14,411 +43.8%
Net Income $1,601 $-4,411 -1.4%
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

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Governance

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

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jonathan Moo President of Board of Directors 2
Director
$0 $0 $0
Grant Casady Secretary of Board of Directors 0.1
Director
$0 $0 $0
Kelsey Marcinko Treasurer of Board of Directors 0.2
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
2023 $646,605 $645,004 $2,054 $1,601
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