FRIENDS Of Great Salt Lake (EIN 870527602) - 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

1994

Legal Domicile

Principal Officer

LYNN de FREITAS

Phone

8014506934

Tax Period

2024-07-01 to 2025-06-30

FRIENDS Of Great Salt Lake, founded in 1994, is a small nonprofit in the Environment sector that reported $391K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 32 months of operating reserves.

Mission

The mission of FRIENDS is to preserve and protect the Great Salt Lake Ecosystem and to increase public awareness and appreciation of the lake through education, research, advocacy, and the arts.

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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 (2024)

Revenue Breakdown

Contributions & Grants $362,961

Program Service Revenue $1,480

Investment Income $26,865

Other Revenue $0

TOTAL REVENUE $391,306

Expense Breakdown

Grants Paid $26,495

Salaries & Benefits $177,052

Fundraising Expenses $69,436

Program Expenses $264,972

Other Expenses $181,951

TOTAL EXPENSES $385,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,306	$577,069	-0.3%
Expenses	$385,498	$397,159	0.0%
Net Income	$5,808	$179,910	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN DE FREITAS	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
GEN GREEN	SECRETARY	1.00	Director	$0	$0	$0
ROSE SMITH	PRESIDENT	2.00	Director	$0	$0	$0
CORYNA HEBERT	DIRECTOR	1.00	Director	$0	$0	$0
SARAH STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY HANNAH	VICE PRESIDENT	2.00	Director	$0	$0	$0
MOLLY BLAKOWSKI	ARTS & SCIENCES CHAIR	1.00	Director	$0	$0	$0
KRISTEN BONNER	EDUCATION CHAIR	1.00	Director	$0	$0	$0
GLENDA WOODRING	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HOLMES	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
2025	$391,306	$385,498	$1,180,715	$5,808
2024	$577,069	$397,159	No data	$179,910
2023	$441,314	$273,287	$824,001	$168,027
2022	$372,385	$260,665	$647,032	$111,720
2021	$288,726	$199,632	$533,226	$89,094
2021	$288,726	$199,632	$533,226	$89,094
2020	$402,160	$242,215	$440,697	$159,945
2019	$196,425	$198,500	$262,110	$-2,075
2018	$219,309	$218,272	$265,791	$1,037

FRIENDS Of Great Salt Lake