FRIENDS OF TONGA INC (EIN 833135102) - 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

MICHAEL HASSETT

Phone

7247146837

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF TONGA INC, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $282K in total revenue in fiscal year 2022. Revenue surged 826% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 47% operating margin.

Mission

Friends of Tonga is a volunteer-led, non-profit organization that seeks to connect all people with a vested interest in the welfare of the Tongan people and to partner with local Tongan organizations to support, enhance, and amplify educational initiatives, and opportunities in the Kingdom of Tonga.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,821

Program Service Revenue $264,222

Investment Income $0

Other Revenue $0

TOTAL REVENUE $282,043

Expense Breakdown

Grants Paid $144,964

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,842

Other Expenses $4,354

TOTAL EXPENSES $149,318

Year-over-Year Comparison

	2022	2021	Change
Revenue	$282,043	$30,460	+8.3%
Expenses	$149,318	$8,063	+17.5%
Net Income	$132,725	$22,397	+4.9%

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
Michael Hassett	President and Co-Founder	3	Officer Director	$0	$0	$0
Harrison Siegel	Vice President	3	Officer Director	$0	$0	$0
Chiara Collette Hassett	Program Manager (USA) & Co-Founder	3	Officer Director	$0	$0	$0
Reed Rising	Financial Officer	3	Officer Director	$0	$0	$0
Lori Osmundsen	Compliance Officer	3.00	Officer Director	$0	$0	$0
Shanda Hastings	Fundraising Coordinator	2	Officer Director	$0	$0	$0
Roy Varghese	Special Advisor	2	Officer Director	$0	$0	$0
Maka Pailate	Outreach & Events Coordinator (Tonga, New Zealand)	2	Officer Director	$0	$0	$0
Barbara Rose Ma'u Lavakei'aho	Program Manager Tonga	2	Officer Director	$0	$0	$0
Aleda Winget	Event Coordinator	2	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
2022	$282,043	$149,318	$164,129	$132,725

FRIENDS OF TONGA INC