FRIENDS OF THE MUNI INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

DAVID KILBORN

Phone

8439014457

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE MUNI INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $206K in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 77% operating margin.

Mission

CREATED TO HELP FUND THE ONGOING RENOVATION AND CONTINUED UPKEEP OF THE CITY OF CHARLESTON MUNICIPAL GOLF COURSE

Program Service Accomplishments

Program 1

Expenses: $10,991 Revenue: $55,352

THE FORE YALL CAMPAIGN IS AN ALL VOLUNTEER EFFORT TO RAISE $1.5 MILLION TO RESTORE AND RENOVATE THIS CLASSIC COMMUNITY AMENITY. INDIVIDUAL AND BUSINESS CONTRIBUTIONS TO FOTM, A SEPARATE NON-PROFIT...

THE FORE YALL CAMPAIGN IS AN ALL VOLUNTEER EFFORT TO RAISE $1.5 MILLION TO RESTORE AND RENOVATE THIS CLASSIC COMMUNITY AMENITY. INDIVIDUAL AND BUSINESS CONTRIBUTIONS TO FOTM, A SEPARATE NON-PROFIT, ARE AN INVESTMENT IN OUR COMMUNITYS FUTURE THAT WILL KEEP THE IMPROVED MUNICIPAL GOLF COURSE RELEVANT AND ACCESSIBLE FORE YALL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $191,381

Program Service Revenue $0

Investment Income $14,171

Other Revenue $0

TOTAL REVENUE $205,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,991

Other Expenses $48,183

TOTAL EXPENSES $48,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,552	$89,847	+1.3%
Expenses	$48,183	$48,920	0.0%
Net Income	$157,369	$40,927	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KILBORN	PRESIDENT	15.00	Officer	$0	$0	$0
ANTHONY MORELLI	VICE PRESIDENT	5.00	Officer	$0	$0	$0
EMILY RAPP	SECRETARY	5.00	Officer	$0	$0	$0
ROBERT COLLINS	TREASURER	5.00	Officer	$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
2025	No data	No data	No data	No data
2024	$205,552	$48,183	$626,827	$157,369
2023	$89,847	$48,920	$468,653	$40,927
2022	$122,531	$21,176	$427,579	$101,355
2021	$67,232	$37,827	$295,359	$29,405
2020	$455,112	$375,465	$299,168	$79,647
2019	$462,859	$8,009	$454,850	$454,850