Friends of Litein (EIN 881707478) - 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

2022

Legal Domicile

Phone

6088633359

Tax Period

2024-01-01 to 2024-12-31

Friends of Litein, founded in 2022, is a small nonprofit in the Health Care sector that reported $251K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $221K left a modest 12% surplus.

Mission

To provide Christ-centered support for AIC Litein Hospital through financial contributions for equipment, education, and facility infrastructure improvements.

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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 $250,883

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $250,885

Expense Breakdown

Grants Paid $218,976

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,976

Other Expenses $2,176

TOTAL EXPENSES $221,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,885	$215,458	+0.2%
Expenses	$221,152	$264,057	-0.2%
Net Income	$29,733	$-48,599	-1.6%

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

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
Ryan Thompson	Director	1.00	Director	$0	$0	$0
Elijah Terer	Director	1.00	Director	$0	$0	$0
Yolanda Griffin	Director	1.00	Director	$0	$0	$0
Elaine Strid	President	1.00	Officer Director	$0	$0	$0
Cheryl Boodt	Secretary	1.00	Officer Director	$0	$0	$0
Amy Schultz	Treasurer	1.00	Officer 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
2024	$250,885	$221,152	$43,904	$29,733
2023	$215,458	$264,057	$14,171	$-48,599

Friends of Litein