FRIENDS OF THE CHILDREN - SEATTLE

EIN: 912047030 501(c)(3) Youth Development

SEATTLE, WA

Total Revenue
$2,655,138
Total Expenses
$4,226,576
Total Assets
$2,902,100
Net Assets
$2,650,520
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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
2000
Legal Domicile
WA
Principal Officer
JEROME ROCHE
Phone
2063283535
Tax Period
2023-09-01 to 2024-08-31

FRIENDS OF THE CHILDREN - SEATTLE, founded in 2000, is a community nonprofit in the Youth Development sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.2M exceeded revenue, resulting in a 59% operating deficit.

Mission

FRIENDS OF THE CHILDREN IS A YOUTH DEVELOPMENT PROGRAM BREAKING THE CYCLE OF POVERTY AND VIOLENCE, PREVENTING SCHOOL DROPOUT, TEEN PARENTING, AND CRIMINAL ACTIVITY - BY SELECTING YOUTH FACING THE TOUGHEST CHALLENGES, AND MAKING A COMMITMENT TO THEIR LONG-TERM SUCCESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,604,361
Program Service Revenue $0
Investment Income $95,905
Other Revenue $-45,128
TOTAL REVENUE $2,655,138

Expense Breakdown

Grants Paid $41,380
Salaries & Benefits $3,315,457
Fundraising Expenses $667,744
Program Expenses $3,253,741
Other Expenses $846,533
TOTAL EXPENSES $4,226,576

Year-over-Year Comparison

2023 2022 Change
Revenue $2,655,138 $2,353,302 +0.1%
Expenses $4,226,576 $3,991,262 +0.1%
Net Income $-1,571,438 $-1,637,960 0.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
50
Volunteers
81

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
5
$164,190
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEROME ROACHE PRESIDENT 1.00
Officer Director
$0 $0 $0
DONALD GUTHRIE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SARAH COX SECRETARY 1.00
Officer Director
$0 $0 $0
AVI JOSHI TREASURER 1.00
Officer Director
$0 $0 $0
NATHAN KOLMODIN BOARD MEMBER 1.00
Director
$0 $0 $0
PROSPER NWOKOCHA BOARD MEMBER 1.00
Director
$0 $0 $0
MONIQUE TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
LACIE WEST EXECUTIVE DIRECTOR 40.00
Officer
$151,890 $12,300 $164,190
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 $2,655,138 $4,226,576 $2,902,100 $-1,571,438
2023 $2,353,302 $3,991,262 $4,574,164 $-1,637,960
2022 $7,188,090 $3,488,484 $6,069,351 $3,699,606
2021 $3,716,808 $3,630,394 $2,295,833 $86,414
2020 $3,882,689 $3,488,403 $3,030,573 $394,286
2019 $2,526,718 $3,122,588 $2,195,373 $-595,870
2018 $2,651,240 $2,510,992 $2,791,436 $140,248
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