FRIENDS OF GEORGETOWN (EIN 822524096) - 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

2017

Legal Domicile

Principal Officer

RACHEL SHANK

Phone

2026564427

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF GEORGETOWN, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $322K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $307K left a modest 5% surplus.

Mission

TO STRENGTHEN THE VITALITY OF GEOREGTOWN'S SMALL BUSINESSES.

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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 $274,693

Program Service Revenue $45,415

Investment Income $11

Other Revenue $1,917

TOTAL REVENUE $322,036

Expense Breakdown

Grants Paid $43,752

Salaries & Benefits $102,052

Fundraising Expenses $2,431

Program Expenses $259,262

Other Expenses $161,303

TOTAL EXPENSES $307,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,036	$241,571	+0.3%
Expenses	$307,107	$248,095	+0.2%
Net Income	$14,929	$-6,524	-3.3%

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

110

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

$77,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IESHA HOLY	CHAIR	2.00	Officer Director	$0	$0	$0
JUAN DROMGOOLE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TREVOR WADDELL	TREASURER	2.00	Officer Director	$0	$0	$0
MARY BETH HASTY	SECRETARY	2.00	Officer Director	$0	$0	$0
DUK-KI YU	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKI JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
COLLEEN GIROUARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN WAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN GOLDSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GEOFFREY DAWSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON COOKE	BOARD MEMBER	1.00	Director	$0	$0	$0
RIAN HOLT	BOARD MEMBER	0.50	Director	$0	$0	$0
CHARISSA BENJAMIN	BOARD MEMBER	0.50	Director	$0	$0	$0
RACHEL SHANK	EXECUTIVE DIRECTOR	40.00	Officer	$75,500	$2,287	$77,787

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	$322,036	$307,107	$64,496	$14,929
2023	$241,571	$248,095	$51,798	$-6,524
2022	$227,374	$207,878	$52,028	$19,496
2020	$195,208	$188,594	$20,747	$6,614

FRIENDS OF GEORGETOWN