FRIENDSHIP FOUNDATION INC (EIN 860501985) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

JOHN THORHAUER

Phone

6238473005

Tax Period

2024-01-01 to 2024-12-31

FRIENDSHIP FOUNDATION INC, founded in 1984, is a small nonprofit in the Human Services sector that reported $509K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $144K, a strong 28% operating margin.

Mission

FRIENDSHIP FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES TO IMPROVE THE QUALITY OF LIFE FOR OLDER ADULTS. WE SUPPORT PROGRAMS THAT PROMOTE INDEPENDENCE, ENHANCE HEALTH AND WELL-BEING, REDUCE ISOLATION, AND PROVIDE ACCESS TO ESSENTIAL SERVICES FOR THE ELDERLY. OUR WORK INCLUDES FUNDING INITIATIVES THAT DELIVER HOUSING ASSISTANCE, HEALTHCARE, NUTRITION, SOCIAL ENGAGEMENT, AND EDUCATIONAL RESOURCES DESIGNED TO HELP SENIORS AGE WITH DIGNITY AND CONNECTION TO THEIR COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $347,191

Program Service Revenue $0

Investment Income $161,762

Other Revenue $0

TOTAL REVENUE $508,953

Expense Breakdown

Grants Paid $69,201

Salaries & Benefits $96,892

Fundraising Expenses $0

Program Expenses $270,196

Other Expenses $199,163

TOTAL EXPENSES $365,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,953	$812,745	-0.4%
Expenses	$365,256	$392,140	-0.1%
Net Income	$143,697	$420,605	-0.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$540,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY ECKSTEIN	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE KOCH	VICE CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN HOLLRAH	TREASURER	1.00	Officer Director	$0	$0	$0
JACQUELYN SMITH PHD	GOVERNANCE CHAIR	1.00	Director	$0	$0	$0
PETER PATTERSON MD	QUALITY AND COMPLIANCE CHAIR	1.00	Director	$0	$0	$0
DYAN BYMARK	DIRECTOR	1.00	Director	$0	$0	$0
LISA MONTMAN CPA	DIRECTOR	1.00	Director	$0	$0	$0
NINA SHAH	DIRECTOR	1.00	Director	$0	$0	$0
FLOYD WHITTAKER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN THORHAUER	CEO	18.00	Officer	$0	$5,532	$374,857
DON MAY	CFO (THRU 01/2024)	2.00	Officer	$0	$214	$10,930
KATHLEEN HURLEY	CFO (AS OF 01/2024)	2.00	Officer	$0	$3,465	$154,625

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	$508,953	$365,256	$6,856,838	$143,697
2023	$812,745	$392,140	$6,323,264	$420,605
2022	$571,716	$349,546	$5,299,319	$222,170
2021	$1,400,295	$289,849	$6,210,385	$1,110,446
2020	$462,255	$323,193	$5,637,980	$139,062
2019	$528,695	$624,868	$4,818,423	$-96,173
2018	$523,571	$386,996	$3,948,670	$136,575

FRIENDSHIP FOUNDATION INC