THE FRIENDSHIP BENCH INC (EIN 853440548) - 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

DIXON CHIBANDA

Tax Period

2023-01-01 to 2023-12-31

THE FRIENDSHIP BENCH INC, founded in 2020, is a community nonprofit in the Mental Health sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 1927% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 45% operating margin.

Mission

THE PURPOSE OF THE FRIENDSHIP BENCH IS TO IMPROVE THE MENTAL HEALTH TREATMENT AND WELLNESS FOR ALL CITIZENS, STRENGTHENING COMMUNITY AND IMPROVING ACCESS FOR EDUCATION AND MENTAL HEALTH TREATMENT FOR CITIZENS IN ZIMBABWE, THE UNITED STATES AND THROUGHOUT THE GLOBE. THIS TASK SHIFTING APPROACH MEANS WE CAN DELIVER AN EFFECTIVE, AFFORDABLE AND SUSTAINABLE SOLUTION TO BRIDGE THE MENTAL HEALTH TREATMENT GAP AT A PRIMARY CARE LEVEL.

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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 $5,084,637

Program Service Revenue $0

Investment Income $5,286

Other Revenue $0

TOTAL REVENUE $5,089,923

Expense Breakdown

Grants Paid $2,715,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,789,720

Other Expenses $81,849

TOTAL EXPENSES $2,797,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,089,923	$251,100	+19.3%
Expenses	$2,797,049	$4,575	+610.4%
Net Income	$2,292,874	$246,525	+8.3%

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
DIXON CHIBANDA	Founder & CEO	5.00	Officer Director	$0	$0	$0
ZERYN SARPANGAL	Treasurer	2.00	Officer Director	$0	$0	$0
PETER TWYMAN	Board Member	1.00	Director	$0	$0	$0
SARAH DROEGE	Board Member	1.00	Director	$0	$0	$0
LENA ZAMCHIYA	Secretary	5.00	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	$5,089,923	$2,797,049	$2,587,942	$2,292,874
2022	$251,100	$4,575	$246,525	$246,525

THE FRIENDSHIP BENCH INC