FRIENDS OF AAS FOUNDATION C/O GRF CPAS (EIN 850895407) - 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

JAMES COLLINS

Phone

2128883033

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF AAS FOUNDATION C/O GRF CPAS, founded in 2020, is a micro nonprofit in the Education sector that reported $262K in total revenue in fiscal year 2023. Revenue fell 136% from the prior year — a significant decline worth monitoring.

Mission

SEE PART III, LINE 1.

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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 $0

Program Service Revenue $0

Investment Income $-261,982

Other Revenue $0

TOTAL REVENUE $-261,982

Expense Breakdown

Grants Paid $10,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,000,000

Other Expenses $125,657

TOTAL EXPENSES $10,125,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-261,982	$733,113	-1.4%
Expenses	$10,125,657	$9,361,561	+0.1%
Net Income	$-10,387,639	$-8,628,448	+0.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COLLINS	CHAIR	1.00	Officer Director	$0	$0	$0
LEIGH SARTY	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT LANGER	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE BOND	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN STERN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BARDER	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	No data	No data	No data	No data
2023	$-261,982	$10,125,657	$26,739,476	$-10,387,639
2022	$733,113	$9,361,561	$32,354,330	$-8,628,448
2021	$45,087	No data	$45,207,308	No data
2020	$45,000,399	No data	$45,000,399	No data

FRIENDS OF AAS FOUNDATION C/O GRF CPAS