FRIENDS VILLAGE INC

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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

2021

Legal Domicile

Principal Officer

BRIAN G LAWRENCE

Phone

9085803805

Tax Period

2023-01-01 to 2023-12-31

FRIENDS VILLAGE INC, founded in 2021, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2023. Expenses of $9.2M exceeded revenue, resulting in a 63% operating deficit.

Mission

THE MISSION OF FRIENDS VILLAGE IS TO PROVIDE COMPREHENSIVE SERVICES FOR SENIORS BASED ON THE QUAKER PRINCIPLES THAT PROMOTE INDEPENDENCE WITH CHOICE, RESPECT AND SECURITY.

Program Service Accomplishments

Program 1

Expenses: $5,573,130 Revenue: $5,360,244

FRIENDS VILLAGE AT WOODSTOWN OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH CURRENTLY PROVIDES HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 61 BED ASSISTED LIVING FACILITY AND 75 INDEPENDENT LIVING APARTMENTS AND COTTAGES. WE ARE COMMITTED TO PARTNERING WITH OUR LOCAL COMMUNITY AND HAVING A POSITIVE IMPACT THROUGH COLLABORATION AND ACTIVE PARTICIPATION.

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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 $59,470

Program Service Revenue $5,360,244

Investment Income $55,133

Other Revenue $184,130

TOTAL REVENUE $5,658,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,058,813

Fundraising Expenses $0

Program Expenses $5,573,130

Other Expenses $6,175,454

TOTAL EXPENSES $9,234,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,658,977	N/A	N/A
Expenses	$9,234,267	N/A	N/A
Net Income	$-3,575,290	$0	N/A

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

$1,170,724

Total Directors

$860,841

Key Employees

$239,015

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STAN MORIN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JEFF ZENNA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RALPH ACQUAVIVA	DIRECTOR	1.00	Director	$0	$0	$0
RULENE DIFRANCESCO	DIRECTOR	1.00	Director	$0	$0	$0
FR DAVID JONES	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DOBSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TOSCANA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MAHON	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND WALSH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN G LAWRENCE	PRESIDENT & CEO	1.00	Officer Director	$0	$82,167	$860,841
SUZANNE SHUGG	DIRECTOR	1.00	Director	$0	$0	$0
MARK F MAZZELLA	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$22,943	$309,883
KELLI MILLS	EXECUTIVE DIRECTOR	1.00	Key Emp	$0	$18,624	$239,015
DENISE KAIRZAR	ADMINISTRATOR	40.00	Highest	$112,761	$8,869	$121,630

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	$5,658,977	$9,234,267	$36,427,294	$-3,575,290