FRIENDS OF THE CHILDREN - PHILADELPHIA

EIN: 933491818 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$336,324
Total Expenses
$739,604
Total Assets
$767,438
Net Assets
$672,501
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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
2023
Legal Domicile
PA
Principal Officer
BETTY HANDY
Phone
5038200903
Tax Period
2024-09-01 to 2025-08-31

FRIENDS OF THE CHILDREN - PHILADELPHIA, founded in 2023, is a small nonprofit in the Education sector that reported $336K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $740K exceeded revenue, resulting in a 120% operating deficit.

Mission

FRIENDS OF THE CHILDREN COMMITS TO STANDING ALONGSIDE OUR COMMUNITY'S YOUTH AS THEY WORK TO OVERCOME BARRIERS TO THEIR SUCCES. EACH CHILD RECEIVES 1:1 SUPPORT AND GUIDANCE FROM A SALARIED, PROFESSIONAL MENTOR (CALLED A FRIEND), FROM KINDERGARTEN THROUGH HIGH SCHOOL GRADUATION - 12 YEARS, NO MATTER WHAT. FRIENDS WORK COLLABORATIVELY WITH HIGH-PRIORITY YOUTH AND THEIR CAREGIVERS TO SET AND ACHIEVE INDIVIDUALIZED GOALS, AS WELL AS ADVOCATE FOR THEM IN THE SCHOOL, CHILD WELFARE, HEALTHCARE, AND OTHER SYSTEMS THAT IMPACT THEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $336,324
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $336,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $559,778
Fundraising Expenses $79,102
Program Expenses $521,624
Other Expenses $179,826
TOTAL EXPENSES $739,604

Year-over-Year Comparison

2024 2023 Change
Revenue $336,324 $1,196,825 -0.7%
Expenses $739,604 $121,044 +5.1%
Net Income $-403,280 $1,075,781 -1.4%
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
6
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
4
$46,652
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DWAYNE WHARTON CHAIR 1.00
Officer Director
$0 $0 $0
STEVEN SCOTT BRADLEY TREASURER 1.00
Officer Director
$0 $0 $0
KATRINA KEATING ERNST SECRETARY 1.00
Officer Director
$0 $0 $0
SUSAN WALSH DIRECTOR 1.00
Director
$0 $0 $0
SENDY ALCIDONIS DIRECTOR 1.00
Director
$0 $0 $0
CHARITY CURTIS DIRECTOR 1.00
Director
$0 $0 $0
ROB LAMB DIRECTOR 1.00
Director
$0 $0 $0
HENRY WARREN DIRECTOR 1.00
Director
$0 $0 $0
DR BETTY HANDY EXECUTIVE DIRECTOR 40.00
Officer
$39,801 $6,851 $46,652
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 $336,324 $739,604 $767,438 $-403,280
2024 $1,196,825 $121,044 $1,089,130 $1,075,781
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