FRIENDSHIP EDUCATIONAL FOUNDATION (EIN 836636499) - 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

Principal Officer

JOSEPH MINTZ

Phone

3102146677

Tax Period

2023-09-01 to 2024-08-31

FRIENDSHIP EDUCATIONAL FOUNDATION, founded in 2019, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 56% operating deficit.

Mission

TO EDUCATE AND INSPIRE ALL CHILDREN AND YOUNG ADULTS TO REACH THEIR FULL POTENTIAL THROUGH

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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 $2,755,731

Program Service Revenue $0

Investment Income $1,212,968

Other Revenue $1,822

TOTAL REVENUE $3,970,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,110

Program Expenses $203,505

Other Expenses $6,211,229

TOTAL EXPENSES $6,211,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,970,521	$11,263,990	-0.6%
Expenses	$6,211,229	$379,512	+15.4%
Net Income	$-2,240,708	$10,884,478	-1.2%

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

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
YOSSI MINTZ	President	10.00	Officer Director	$0	$0	$0
EDWARD KAMINSKY	Secretary	1.00	Officer Director	$0	$0	$0
JOHN POLLITT	Treasurer	1.00	Officer Director	$0	$0	$0
ADAM CARROLL	Director	1.00	Director	$0	$0	$0
PORTIA COHEN	Director	1.00	Director	$0	$0	$0
YOSEF GOROWITZ	Director	1.00	Director	$0	$0	$0
MIKE KAPLAN	Director	1.00	Director	$0	$0	$0
CHASE GREENBERG	Director	1.00	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
2024	$3,970,521	$6,211,229	$56,078,409	$-2,240,708
2023	$11,263,990	$379,512	$47,799,981	$10,884,478
2022	$12,195,355	$237,396	$21,922,895	$11,957,959
2021	$5,811,582	$1,472	$6,635,354	$5,810,110

FRIENDSHIP EDUCATIONAL FOUNDATION