Friends House Ministries Inc

EIN: 843037861 501(c)(3) Housing & Shelter

Chattanooga, TN

Total Revenue
$401,050
Total Expenses
$386,752
Total Assets
$517,488
Net Assets
$507,645
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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
TN
Tax Period
2023-01-01 to 2023-12-31

Friends House Ministries Inc, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $401K in total revenue in fiscal year 2023. Expenses of $387K left a modest 4% surplus.

Mission

To Assist Former Prisoners To Transistion Into Society Successfully

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $257,361
Program Service Revenue $143,689
Investment Income $0
Other Revenue $0
TOTAL REVENUE $401,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,086
Fundraising Expenses $22,691
Program Expenses $363,211
Other Expenses $206,666
TOTAL EXPENSES $386,752

Year-over-Year Comparison

2023 2022 Change
Revenue $401,050 N/A N/A
Expenses $386,752 N/A N/A
Net Income $14,298 N/A N/A
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

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Governance

Voting Members
7
Independent Members
5
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Monty Reeves President 35.00
Officer Director
$0 $0 $0
Ron Robbs Secretary 0.50
Officer
$0 $0 $0
Tresa Reeves Treasurer 8.00
Officer
$0 $0 $0
Robert J Mercer Vice President 0.50
Officer
$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 $401,050 $386,752 $517,488 $14,298
2022 $737,704 $298,360 $505,325 $439,344
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