NO BETTER FRIEND CORP (EIN 834415053) - Form 990 Financial Analysis & Trantor Score

🔒

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

KEVIN NICHOLSON

Phone

2622905497

Tax Period

2022-01-01 to 2022-12-31

NO BETTER FRIEND CORP, founded in 2019, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $2K in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $191K exceeded revenue, resulting in a 7770% operating deficit.

Mission

EDUCATE & ADVOCATE FOR TANGIBLE, CONSERVATIVE POLICY SOLUTIONS TO THE CHALLENGES FACING WISCONSIN AND OUR NATION.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $1,095

Program Service Revenue $0

Investment Income $1,332

Other Revenue $0

TOTAL REVENUE $2,427

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $70,760

Fundraising Expenses $0

Program Expenses $99,832

Other Expenses $118,740

TOTAL EXPENSES $191,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,427	$2,473,189	-1.0%
Expenses	$191,000	$2,313,082	-0.9%
Net Income	$-188,573	$160,107	-2.2%

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

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

$35,767

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN NICHOLSON	PRESIDENT & CEO	1.00	Officer Director	$0	$0	$0
JESSIE NICHOLSON	VICE PRESIDENT/SECRETARY/TREASURER	3.50	Officer Director	$0	$0	$0
DALE NICHOLSON	DIRECTOR	0.10	Director	$0	$0	$0
DWIGHT CHEWNING	DIRECTOR	0.10	Director	$0	$0	$0
ADAM CHEWNING	CFO & COO	5.00	Officer	$35,767	$0	$35,767

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	$2,427	$191,000	$332,057	$-188,573
2021	$2,473,189	$2,313,082	$521,187	$160,107
2020	$662,960	$494,940	$358,978	$168,020

NO BETTER FRIEND CORP