FRIENDS OF GLOBAL MARKET INC (EIN 832642593) - 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

DANIEL FEHRENKAMP

Phone

6127183023

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF GLOBAL MARKET INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $224K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $383K exceeded revenue, resulting in a 71% operating deficit.

Mission

TO SUPPORT THE MIDTOWN GLOBAL MARKET AS A VITAL COMMUNITY RESOURCE THAT SUPPORTS SMALL BUSINESS, CULTURAL DIVERSITY, AND FREE/LOW-COST PROGRAMMING.

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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 $213,602

Program Service Revenue $45,727

Investment Income $0

Other Revenue $-35,617

TOTAL REVENUE $223,712

Expense Breakdown

Grants Paid $116,011

Salaries & Benefits $110,000

Fundraising Expenses $44

Program Expenses $355,425

Other Expenses $156,621

TOTAL EXPENSES $382,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,712	$269,674	-0.2%
Expenses	$382,676	$592,377	-0.4%
Net Income	$-158,964	$-322,703	-0.5%

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
DANIEL FEHRENKAMP	CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXIS MCKINNIS	TREASURER	1.00	Officer Director	$0	$0	$0
JOHNNY BALMER	BOARD MEMBER	1.00	Director	$0	$0	$0
YUSRA MOHAMUD	BOARD MEMBER	1.00	Director	$0	$0	$0
DESTINEE SHELBY	BOARD MEMBER	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	$223,712	$382,676	$68,311	$-158,964
2023	$269,674	$592,377	$133,405	$-322,703
2022	$649,074	$644,396	$348,098	$4,678
2021	$571,802	$799,407	$252,154	$-227,605
2020	$961,963	$477,379	$497,763	$484,584

FRIENDS OF GLOBAL MARKET INC