BERNICE & PHILIP FRIEZE FUND 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

2018

Legal Domicile

Principal Officer

PATRICIA PARENT

Phone

6174226517

Tax Period

2024-01-01 to 2024-12-31

BERNICE & PHILIP FRIEZE FUND INC, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $375K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE FUND IS TO RAISE MONEY THROUGH AN ANNUAL CHARITY GOLF TOURNAMENT WITH ALL PROCEEDS RECEIVED BEING DONATED TO CHILDREN'S HOSPITAL CORPORATION D/B/A BOSTON CHILDREN'S HOSPITAL (OR OTHER AFFILIATED OR NON-AFFILIATED ENTITIES THAT QUALIFY AS TAX EXEMPT UNDER 501(C)(3) TO ASSIST NEEDY FAMILIES WITH TRAVEL, ACCOMMODATIONS AND OTHER ESSENTIAL NEEDS WHILE THEIR CHILD IS RECEIVING TREATMENT.

Program Service Accomplishments

Program 1

Expenses: $322,462 Revenue: $0

THE FUND'S ONLY PROGRAM IS RAISING MONEY THROUGH AN ANNUAL CHARITY GOLF TOURNAMENT WITH ALL PROCEEDS RECEIVED BEING DONATED TO CHILDREN'S HOSPITAL CORPORATION D/B/A BOSTON CHILDREN'S HOSPITAL (OR...

THE FUND'S ONLY PROGRAM IS RAISING MONEY THROUGH AN ANNUAL CHARITY GOLF TOURNAMENT WITH ALL PROCEEDS RECEIVED BEING DONATED TO CHILDREN'S HOSPITAL CORPORATION D/B/A BOSTON CHILDREN'S HOSPITAL (OR OTHER AFFILIATED OR NON-AFFILIATED ENTITIES THAT QUALIFY AS TAX EXEMPT UNDER 501(C)(3)) TO ASSIST NEEDY FAMILIES WITH TRAVEL, ACCOMMODATIONS AND OTHER ESSENTIAL NEEDS WHILE THEIR CHILD IS RECEIVING TREATMENT.

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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 $472,115

Program Service Revenue $0

Investment Income $0

Other Revenue $-96,884

TOTAL REVENUE $375,231

Expense Breakdown

Grants Paid $322,462

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,462

Other Expenses $52,769

TOTAL EXPENSES $375,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$375,231	$352,795	+0.1%
Expenses	$375,231	$352,795	+0.1%
Net Income	$0	$0	N/A

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

N/A

Volunteers

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
KENNETH S FRIEZE	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL G FRIEZE	CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
PATRICIA E PARENT	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
LESLIE ZMUGG	CLERK/DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER A MENARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TANYA L HILL	DIRECTOR	1.00	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	$375,231	$375,231	$97,962	No data
2023	$282,795	$285,295	$7,000	$-2,500
2023	$352,795	$352,795	$7,000	No data
2022	$331,078	$334,128	$34,758	$-3,050
2022	$259,128	$259,128	$34,758	No data
2021	$255,830	$255,830	$63,523	No data
2020	$300,737	$300,737	$2,500	No data
2019	$219,695	$219,695	$2,500	No data
2018	$205,000	$202,500	$2,500	$2,500