Friendship Access to Clinical Ther… - Form 990 Financial Data

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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

Principal Officer

Phong Tran

Phone

5015895670

Tax Period

2023-07-01 to 2024-06-30

Friendship Access to Clinical Therapeutic Services, founded in 2022, is a small nonprofit in the Education sector that reported $845K in total revenue in fiscal year 2023. Revenue surged 1907% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 23% operating margin.

Mission

The organization paid contracted therapist to provide therapeutic services to approximately 100 students with dyslexia.

Program Service Accomplishments

Program 1

Expenses: $653,069 Revenue: $844,678

The organization paid contracted therapist to provide therapeutic services to approximately 100 students with dyslexia.

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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 $0

Program Service Revenue $844,678

Investment Income $0

Other Revenue $0

TOTAL REVENUE $844,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,700

Fundraising Expenses $0

Program Expenses $653,069

Other Expenses $620,369

TOTAL EXPENSES $653,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$844,678	$42,082	+19.1%
Expenses	$653,069	$14,577	+43.8%
Net Income	$191,609	$27,505	+6.0%

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

N/A

Employees

N/A

Volunteers

N/A

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

$32,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phong Tran	Director	10.00	Director	$15,300	$0	$15,300
Joe Harris	Trustee	10.00	Director	$17,400	$0	$17,400

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	No data	No data	No data	No data
2024	$844,678	$653,069	$219,114	$191,609

Friendship Access to Clinical Therapeutic Services