MY FRIEND ABBY INC

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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

GILLIAN ANDERSON

Phone

2032091726

Tax Period

2022-07-01 to 2023-06-30

MY FRIEND ABBY INC, founded in 2019, is a small nonprofit that reported $121K in total revenue in fiscal year 2022. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $168K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE ORGANIZATIONS MISSION IS TO EMPOWER YOUTH AND YOUNG ADULTS TO ACTIVELY CREATE PEER TO PEER CONNECTIONS THROUGH GRANTS THAT IMPROVE MENTAL AND EMOTIONAL HEALTH

Program Service Accomplishments

Program 1

Expenses: $163,321

THE ORGANIZATION PROVIDES GRANTS TO YOUTH AND YOUNG ADULTS WILLING TO TAKE ACTION IN THE ARENA OF MENTAL HEALTH, MENTAL WELLNESS AND SUICIDE PREVENTION. FUNDS ARE GENERALLY USED FOR THESE PROJECT...

THE ORGANIZATION PROVIDES GRANTS TO YOUTH AND YOUNG ADULTS WILLING TO TAKE ACTION IN THE ARENA OF MENTAL HEALTH, MENTAL WELLNESS AND SUICIDE PREVENTION. FUNDS ARE GENERALLY USED FOR THESE PROJECT GRANTS THAT, ONCE APPROVED, ARE CREATED AND EXECCUTED BY AN INDIVIDUAL OR GROUP OF YOUNG ADULTS IN SCHOOLS OR IN THE COMMUNITY. FUNDS ARE ALSO USED FOR LARGER MENTAL HEALTH EVIDENCE-BASED COMMUNITY EVENTS SPECIFICALLY CREATED FOR YOUNG ADULTS; AND FOR THE "SENDING SUNSHINE" TEXT LINE, A FREE SERVICE PROVIDING UPLIFTING WEEKLY TEXT MESSAGES. FUNDS ALSO SUPPLEMENT CURRENT AND YEARLY ACTIVITIES THAT PROVIDE SUPPORT FOR YOUTH AND YOUND ADULT SUICIDE PREVENTION.

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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 $110,981

Program Service Revenue $0

Investment Income $0

Other Revenue $10,241

TOTAL REVENUE $121,222

Expense Breakdown

Grants Paid $2,497

Salaries & Benefits $141,292

Fundraising Expenses $555

Program Expenses $163,321

Other Expenses $24,581

TOTAL EXPENSES $168,370

Year-over-Year Comparison

	2022	2021	Change
Revenue	$121,222	$231,940	-0.5%
Expenses	$168,370	$157,883	+0.1%
Net Income	$-47,148	$74,057	-1.6%

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

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

$99,875

Total Directors