THE FRIENDSHIP BRIDGE

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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

1990

Legal Domicile

Principal Officer

TRACIE CORDEIRO

Phone

3036740717

Tax Period

2024-01-01 to 2024-12-31

THE FRIENDSHIP BRIDGE, founded in 1990, is a mid-sized nonprofit in the International Affairs sector that reported $10.1M in total revenue in fiscal year 2024.

Mission

FRIENDSHIP BRIDGE IS A NONPROFIT SOCIAL ENTERPRISE CREATING OPPORTUNITIES THAT EMPOWER WOMEN IN GUATEMALA TO BUILD A BETTER LIFE. WE USE AN INNOVATIVE AND HIGH-IMPACT APPROACH TO POVERTY ALLEVIATION BY COMBINING THE TOOLS OF MICROFINANCE, EDUCATION,(CONT. ON PAGE 46) AND PREVENTIVE HEALTH SERVICES. WE CALL THIS MICROCREDIT PLUS. AS A RESULT OF PARTICIPATING IN OUR PROGRAMS, OUR CLIENTS EXPERIENCE A COMBINATION OF INCREASED RESILIENCE, IMPROVED EMPOWERMENT, AND ACCELERATED BUSINESS DEVELOPMENT. LEARN MORE AT WWW.FRIENDSHIPBRIDGE.ORG.

Program Service Accomplishments

Program 1

Expenses: $9,601,234 Revenue: $8,246,066

MICROCREDIT PLUS PROGRAM IN GUATEMALA: FRIENDSHIP BRIDGE'S MICRO-CREDIT PLUS PROGRAM OFFERS IMPOVERISHED GUATEMALAN WOMEN MICRO-LOANS SUPPLEMENTED WITH PLUS SERVICES, INCLUDING NON-FORMAL...

MICROCREDIT PLUS PROGRAM IN GUATEMALA: FRIENDSHIP BRIDGE'S MICRO-CREDIT PLUS PROGRAM OFFERS IMPOVERISHED GUATEMALAN WOMEN MICRO-LOANS SUPPLEMENTED WITH PLUS SERVICES, INCLUDING NON-FORMAL PARTICIPATORY EDUCATION, ARTISAN TRAINING, AGRICULTURAL TRAINING, AND PREVENTATIVE HEALTH SERVICES. DURING 2024, FRIENDSHIP BRIDGE SERVED OVER 36,000 WOMEN WITH LOANS AVERAGING $617 FOR FOUR TO TWELVE-MONTH LOAN CYCLES. BORROWINGS OCCUR THROUGH GROUPS OF 7-25 WOMEN, EACH KNOWN AS A TRUST BANK. DURING 2024, FB OFFERED NON-FORMAL EDUCATION TO ALL CLIENTS, PROVIDED SPECIALIZED AGRICULTURE TRAINING TO 924 CLIENTS, OUR HEALTH FOR LIFE PROGRAM SERVED 6,200, HANDMADE BY FRIENDSHIP BRIDGE PROVIDED 145+ HOURS OF TRAINING FOR OVER 130 GUATEMALAN ARTISANS, AND THE BRIDGE TO SUCCESS PROGRAM HAD 299 ENTREPRENEUR CLIENTS AT YEAR END. WE CONTINUED EXPANDING MENTAL HEALTH SERVICES THROUGH OUR PARTNERSHIP WITH TUCONSEJERA, OFFERING THERAPY IN SPANISH AND K'ICHE' FOR ANXIETY, GRIEF, FAMILY STRESS, AND EMOTIONAL HEALING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,586,563

Program Service Revenue $8,246,066

Investment Income $193,943

Other Revenue $31,914

TOTAL REVENUE $10,058,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,641,932

Fundraising Expenses $211,982

Program Expenses $9,601,234

Other Expenses $5,796,591

TOTAL EXPENSES $10,438,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,058,486	$9,517,946	+0.1%
Expenses	$10,438,523	$8,824,724	+0.2%
Net Income	$-380,037	$693,222	-1.5%

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

335

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

$194,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN MILLER	CHAIR	5.00	Officer Director	$0	$0	$0
GEOFF HOYL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BETSY THOMPSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARYANN HUNTER	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN ZIMMERMANN	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
ANTONIETA DEL CID	DIRECTOR	1.00	Director	$0	$0	$0
ANNA DE LA CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA NEVILLE	DIRECTOR	1.00	Director	$0	$0	$0
PAOLO LEIVA	DIRECTOR	1.00	Director	$0	$0	$0
PARKER SCHENKEN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MATILDE OLAZABAL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINA ROCA	DIRECTOR	1.00	Director	$0	$0	$0
LARA DIACONU	DIRECTOR	1.00	Director	$0	$0	$0
TRACIE CORDEIRO	PRESIDENT & CEO	50.00	Officer	$187,250	$7,200	$194,450
CAITLIN SCOTT	CHIEF STRATEGY OFFICER	50.00	Highest	$125,025	$7,200	$132,225
NICOLE EUBANKS	CHIEF DEVELOPMENT OFFICER	50.00	Highest	$123,333	$7,200	$130,533

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	$10,058,486	$10,438,523	$20,696,896	$-380,037
2023	$9,517,946	$8,824,724	$19,909,656	$693,222
2022	$7,954,696	$7,528,374	$16,374,776	$426,322
2021	$6,881,419	$6,633,591	$14,023,690	$247,828
2020	$6,211,717	$6,214,284	$13,228,525	$-2,567
2019	$6,169,845	$5,774,161	$12,329,661	$395,684
2018	$5,541,786	$4,962,894	$11,456,521	$578,892