FRIENDSHIP MANOR (EIN 952830618) - 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

1973

Legal Domicile

Principal Officer

Kate Juliano

Phone

8059680771

Tax Period

2023-07-01 to 2024-06-30

FRIENDSHIP MANOR, founded in 1973, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $8.0M represent 33 months of operating reserves.

Mission

Affordable housing and low-cost meals for senior citizens.

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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 $25,250

Program Service Revenue $2,789,117

Investment Income $95,260

Other Revenue $0

TOTAL REVENUE $2,909,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,440,622

Fundraising Expenses $105,889

Program Expenses $2,249,684

Other Expenses $1,423,034

TOTAL EXPENSES $2,863,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,909,627	$3,713,043	-0.2%
Expenses	$2,863,656	$2,855,446	+0.0%
Net Income	$45,971	$857,597	-0.9%

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

120

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

$3,163

Total Directors

$3,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Herzog	Executive Director	40.00		$97,169	$0	$97,169
Eva Turenchalk	Secretary	1.00	Officer Director	$3,163	$0	$3,163
Violeta Cortez	Director	1.00	Director	$0	$0	$0
Shahla Gholami	Director	1.00	Director	$0	$0	$0
Chuck Curtis	Vice President	1.00	Officer Director	$0	$0	$0
John Holmes	Director	1.00	Director	$0	$0	$0
Eric Heinsohn	President	1.00	Officer Director	$0	$0	$0
Kate Juliano	Treasurer	1.00	Officer Director	$0	$0	$0
Laura Knight	Director	1.00	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	No data	No data	No data	No data
2024	$2,909,627	$2,863,656	$8,386,140	$45,971
2023	$3,713,043	$2,855,446	$8,022,683	$857,597
2022	$2,953,755	$2,626,450	$7,068,642	$327,305
2021	$2,720,761	$2,531,699	$7,337,366	$189,062
2020	$2,744,663	$2,432,582	$6,540,969	$312,081
2019	$2,739,293	$2,348,602	$6,234,406	$390,691
2018	$2,631,555	$2,297,450	$5,823,225	$334,105

FRIENDSHIP MANOR