Friends of Liahona Inc (EIN 844680009) - 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

2020

Legal Domicile

Principal Officer

Jeremy Long

Phone

8017857850

Tax Period

2023-01-01 to 2023-12-31

Friends of Liahona Inc, founded in 2020, is a small nonprofit in the Education sector that reported $143K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $244K exceeded revenue, resulting in a 71% operating deficit.

Mission

Promoting flexible accredited education either in person or distance learning that is LDS-based that helps prepare each student for college, missions and success in life.

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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 $142,520

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,520

Expense Breakdown

Grants Paid $15,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,890

Other Expenses $228,190

TOTAL EXPENSES $243,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,520	$282,048	-0.5%
Expenses	$243,890	$13,846	+16.6%
Net Income	$-101,370	$268,202	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Kevin Long	President	Director	$0	$0	$0
Jeanelle Hugg	Secretary	Director	$0	$0	$0
Jeannie Bell	Treasurer	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	$142,520	$243,890	$550,155	$-101,370
2022	$282,048	$13,846	$590,964	$268,202

Friends of Liahona Inc