Friends of Finland and Community (EIN 830494175) - 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

2007

Legal Domicile

Principal Officer

Carrie Walters

Phone

2183530300

Tax Period

2024-01-01 to 2024-12-31

Friends of Finland and Community, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $396K in total revenue in fiscal year 2024. Expenses of $476K exceeded revenue, resulting in a 20% operating deficit.

Mission

Community & Culture Recreation & Entertainment Education

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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 $367,095

Program Service Revenue $20,592

Investment Income $2,934

Other Revenue $5,624

TOTAL REVENUE $396,245

Expense Breakdown

Grants Paid $41,542

Salaries & Benefits $219,506

Fundraising Expenses $17,419

Program Expenses $363,928

Other Expenses $199,901

TOTAL EXPENSES $476,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,245	$399,776	0.0%
Expenses	$476,088	$421,300	+0.1%
Net Income	$-79,843	$-21,524	+2.7%

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

150

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

$38,628

Total Directors

$38,628

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Honor Schauland	Executive Director	35.00	Officer Director	$38,628	$0	$38,628
Kurt Mead	Chair	1.00	Officer Director	$0	$0	$0
Danielle Hefferan	Vice Chair & Treasurer	1.00	Officer Director	$0	$0	$0
Kathy Chumley	Secretary	1.00	Officer Director	$0	$0	$0
Randy Duke	Board Member	1.00	Officer Director	$0	$0	$0
Terry Miller	Board Member	1.00	Officer Director	$0	$0	$0
Shelby Roback	Board Member	1.00	Officer Director	$0	$0	$0
Elaine Loeffler	Board Member	1.00	Officer Director	$0	$0	$0
Kim Wolfgram-Salz	Board Member	1.00	Officer 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	$396,245	$476,088	$278,819	$-79,843
2023	$399,776	$421,300	$340,412	$-21,524
2022	$425,152	$411,265	$360,915	$13,887
2021	$341,080	$328,764	$340,134	$12,316
2020	$315,280	$248,392	$323,906	$66,888

Friends of Finland and Community