Friends of Jack Foundation Inc (EIN 834424674) - 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

2019

Legal Domicile

Phone

5087365212

Tax Period

2023-01-01 to 2023-12-31

Friends of Jack Foundation Inc, founded in 2019, is a small nonprofit in the Health Care sector that reported $192K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $263K exceeded revenue, resulting in a 37% operating deficit.

Mission

To provide financial, social, emotional and referral support and assistance to children and their families in Massachusetts who are undergoing medical treatment, hospitalization, receiving emotional and mental health services and are the subjects of first repsonders.

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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 (2023)

Revenue Breakdown

Contributions & Grants $175,798

Program Service Revenue $0

Investment Income $21

Other Revenue $15,879

TOTAL REVENUE $191,698

Expense Breakdown

Grants Paid $57,050

Salaries & Benefits $107,650

Fundraising Expenses $26,913

Program Expenses $111,028

Other Expenses $98,585

TOTAL EXPENSES $263,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,698	$357,569	-0.5%
Expenses	$263,285	$286,487	-0.1%
Net Income	$-71,587	$71,082	-2.0%

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

N/A

Employees

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Cohenno	Secretary	40.00	Officer Director	$100,000	$0	$100,000
Jill Fearons	President	15.00	Director	$0	$0	$0
Dr Jessica Slusarski	Director	0.00	Director	$0	$0	$0
Patrick Fearons	Director	0.00	Director	$0	$0	$0
Patrick Walsh	Director	0.00	Director	$0	$0	$0
Jaime Holbrook	Director	0.50	Director	$0	$0	$0
Shelly Sullivan	Corp. Clerk	0.50	Director	$0	$0	$0
Vaughndre Henry	Director	0.00	Director	$0	$0	$0
Michael Rock	Director	0.50	Director	$0	$0	$0
Andrew Silva	Treasurer	0.50	Director	$0	$0	$0
Mary Van Pelt	Director	0.50	Director	$0	$0	$0
Corey Lorenco	Director	0.50	Director	$0	$0	$0
Chris Resendes	Director	0.50	Director	$0	$0	$0
Sam Philbrook	Director	0.00	Director	$0	$0	$0
Vernon Miles	Director	0.50	Director	$0	$0	$0
Todd Roderiques	Director	0.50	Director	$0	$0	$0
Dawn Solowey	Director	0.00	Director	$0	$0	$0
Nick Daddona	Director	0.00	Director	$0	$0	$0
Peter Cohenno	Executive Director	40.00		$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	No data	No data	No data	No data
2023	$191,698	$263,285	$279,947	$-71,587
2022	$357,569	$286,487	$368,130	$71,082
2021	$285,300	$199,646	$290,866	$85,654
2020	$244,303	$230,688	$178,043	$13,615
2019	$281,970	$129,562	$165,581	$152,408

Friends of Jack Foundation Inc