FRIEND LEARNING CENTER (EIN 933535060) - 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

2023

Legal Domicile

Principal Officer

KATIE SPOHN

Tax Period

2025-01-01 to 2025-12-31

FRIEND LEARNING CENTER, founded in 2023, is a small nonprofit in the Human Services sector that reported $852K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $521K, a strong 61% operating margin.

Mission

PROVIDE QUALITY, AFFORDABLE CHILDCARE AND EDUCATIONAL PROGRAMMING FOR CHILDREN STARTING AT SIX WEEKS OF AGE, ENABLING PARENTS AND GUARDIANS TO PURSUE ECONOMIC OPPORTUNITIES FOR PERSONAL BETTERMENT AND FURTHER THE ECONOMIC VITALITY OF THE COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $739,052

Program Service Revenue $104,635

Investment Income $8,634

Other Revenue $0

TOTAL REVENUE $852,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,853

Fundraising Expenses $0

Program Expenses $322,052

Other Expenses $219,717

TOTAL EXPENSES $331,570

Year-over-Year Comparison

	2025	2024	Change
Revenue	$852,321	$987,304	-0.1%
Expenses	$331,570	$1,384	+238.6%
Net Income	$520,751	$985,920	-0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
TODD JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
KATIE SPOHN	PRESIDENT	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
2025	$852,321	$331,570	$1,506,671	$520,751
2024	$987,304	$1,384	$985,920	$985,920

FRIEND LEARNING CENTER