FRIENDLY CONNECTIONS INC (EIN 832256860) - 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

2018

Legal Domicile

Principal Officer

DAVID KAISERMAN

Phone

7324977641

Tax Period

2023-01-01 to 2023-12-31

FRIENDLY CONNECTIONS INC, founded in 2018, is a community nonprofit in the Diseases & Disorders sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

We are a family company that helps connect families and individuals with our friendly professionals. We have Coaching Services handled by our Direct Support Professionals (DSPs) in Supported Employment, Pre-Vocational Training, Community Inclusion Services, Individual Supports, Career Planning, and Community Based Supports; working with people with and without disabilities, such as autism. We are Friendly Connections, Inc. based in New Jersey (NJ)We offer social services, namely, companionship services for disabled and elderly persons, and dementia patients.

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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 $0

Program Service Revenue $1,055,981

Investment Income $4,962

Other Revenue $0

TOTAL REVENUE $1,060,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $895,959

Fundraising Expenses $0

Program Expenses $904,627

Other Expenses $216,941

TOTAL EXPENSES $1,112,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,060,943	$1,326,616	-0.2%
Expenses	$1,112,900	$756,389	+0.5%
Net Income	$-51,957	$570,227	-1.1%

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

N/A

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

$83,799

Total Directors

$83,799

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KAISERMAN	President	30.00	Officer Director	$83,799	$0	$83,799
LAWRENCE KAISERMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
CLAUDIA KAISERMAN	BOARD MEMBER	0.00	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	No data	No data	No data	No data
2023	$1,060,943	$1,112,900	$582,730	$-51,957
2022	$1,326,616	$742,939	$636,916	$583,677
2022	$1,326,616	$756,389	$635,183	$570,227
2021	$674,790	$704,729	$65,949	$-29,939
2020	$675,597	$549,508	$191,474	$126,089
2019	$387,845	$333,379	$64,771	$54,466

FRIENDLY CONNECTIONS INC