NO BETTER FRIEND CORP

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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

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

NO BETTER FRIEND CORP. (NBF) ADVANCES A PROACTIVE PUBLIC POLICY AGENDA TO EDUCATE THE PUBLIC AND ADVOCATE FOR TANGIBLE, CONSERVATIVE SOLUTIONS TO THE CHALLENGES FACING WISCONSIN AND THE ENTIRE NATION, FOCUSING ON ECONOMIC GROWTH, EDUCATION, HEALTHCARE, PRO-LIFE ADVOCACY, AND NATIONAL DEFENSE. NBF INTENDS TO ENGAGE IN INITIATIVES IN EACH OF THESE AREAS IN ORDER TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE PEOPLE OF WISCONSIN AND THE ENTIRE NATION.

Program Service Accomplishments

Program 1

Expenses: $99,832 Revenue: $0

IN THIS FISCAL YEAR, NO BETTER FRIEND CORP CONDUCTED GRASS ROOT GATHERINGS ACROSS THE STATE OF WISCONSIN TO PROVIDE INFORMATION AND DISCUSS COMMON SENSE CONSERVATIVE POLICY SOLUTIONS WITH ATTENDEES. NO BETTER FRIEND PRODUCED THE RIGHT IDEA PODCAST TO TELL THE STORIES OF REAL PEOPLE POSITIVELY IMPACTED BY CONSERVATIVE IDEAS AND POLICIES.

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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 $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

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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

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