GLENDALE, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE FOUNDATION PROVIDES DIRECT FINANCIAL ASSISTANCE TO RESIDENTS AND OFFERS TRANSPORTATION FOR COMMUNITY AND MEDICAL APPOINTMENTS. IT SUPPORTS PROGRAMS AND SERVICES BENEFITING MORE THAN 720 SENIORS. IN ADDITION, THE FOUNDATION RAISES FUNDS TO ENHANCE GLENCROFT'S COMMUNITY PROGRAMS AND CAPITAL PROJECTS. THE FOUNDATION ALSO ASSISTS EMPLOYEES OF FRIENDSHIP RETIREMENT CORPORATION WITH FINANCIAL ASSISTANCE AND SCHOLARSHIP SUPPORT.
GLENCROFT CURRENTLY SERVES MORE THAN 720 SENIOR RESIDENTS THROUGH INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING PROGRAMS. SERVICES INCLUDE WELLNESS PROGRAMS, REHABILITATIVE...
GLENCROFT CURRENTLY SERVES MORE THAN 720 SENIOR RESIDENTS THROUGH INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING PROGRAMS. SERVICES INCLUDE WELLNESS PROGRAMS, REHABILITATIVE THERAPIES, SOCIAL AND EDUCATIONAL ACTIVITIES, TRANSPORTATION, PASTORAL CARE, AND ACCESS TO ON-SITE HEALTH AND DINING FACILITIES. DURING THE MOST RECENT REPORTING YEAR, GLENCROFT PROVIDED DIRECT CARE SERVICES, HOSTED RESIDENT PROGRAMS, AND DELIVERED MEALS TO ENSURE THE HEALTH AND WELL-BEING OF RESIDENTS. FRIENDSHIP FOUNDATION'S PURPOSE IS TO SUSTAIN AND EXPAND PROGRAM OFFERINGS THAT ADDRESS PHYSICAL HEALTH, SOCIAL ENGAGEMENT, AND SUPPORTIVE CARE FOR SENIORS WITH LIMITED FINANCIAL RESOURCES; TO ENSURE EQUITABLE ACCESS TO SERVICES FOR ALL RESIDENTS, REGARDLESS OF INCOME LEVEL; AND TO MAINTAIN PROGRAM STAFF, EQUIPMENT, AND FACILITIES NECESSARY TO DELIVER HIGH-QUALITY SERVICES ACROSS THE CONTINUUM OF CARE.USE OF SUPPORT INCLUDES:-DIRECT FUNDING OF RESIDENT PROGRAMS AND WELLNESS INITIATIVES.-SUBSIDIES FOR RESIDENTS REQUIRING FINANCIAL ASSISTANCE TO ACCESS HOUSING AND CARE.-PROGRAM STAFFING, TRAINING, AND RESOURCES TO SUPPORT SPECIALIZED SERVICES SUCH AS MEMORY CARE AND REHABILITATIVE THERAPIES.FUNDING ENABLES FRIENDSHIP RETIREMENT CORPORATION, DBA GLENCROFT, TO CONTINUE DELIVERING VITAL HOUSING AND SUPPORTIVE PROGRAMS FOR OVER 720 OLDER ADULTS, SAFEGUARDING THEIR QUALITY OF LIFE AND REINFORCING GLENCROFT'S ROLE AS A CORNERSTONE OF SENIOR CARE IN THE COMMUNITY. FRIENDSHIP FOUNDATION ALSO MANAGES AN EMPLOYEE DRIVEN FUND TO ASSIST EMPLOYEES OF FRIENDSHIP RETIREMENT CORPORATION WITH FINANCIAL ASSISTANCE TO MEET EMERGENCY NEEDS AND PROVIDES SCHOLARSHIP SUPPORT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare FRIENDSHIP FOUNDATION INC with other nonprofits in Arizona and across the country.