FRIENDSHIP HOUSE 1873 (EIN 991451509) - 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

2024

Legal Domicile

Principal Officer

ALEX J HAZZOURI

Phone

5703428305

Tax Period

2024-02-20 to 2024-06-30

FRIENDSHIP HOUSE 1873, founded in 2024, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. The organization ran a surplus of $2.1M, a strong 97% operating margin.

Mission

TO ENGAGE IN CHARITABLE ACTIVITES INCLUDING BUT NOT LIMITED TO (1) DIRECTLY OR INDIRECTLY SUPPORTING, OPERATING FOR THE BENEFIT OF, PERFORMING THE FUNCTIONS OF AND/OR CARRYING OUT THE PURPOSES OF FRIENDSHIP HOUSE (A 501(C)(3)ORGANIZATION)(2)PERORM VARIOUS FUNCTIONS IN SUPPORT OF NEW MARKET TAX CREDIT FINANCING UNDER IRC SEC. 45D AND (3)MAKING DISTRIBUTIONS IN FURTHERANCE OF FRIENDSHIP HOUSE'S CHARITABLE PURPOSES.

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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 $2,154,195

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,154,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,177

Other Expenses $55,177

TOTAL EXPENSES $55,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,154,195	N/A	N/A
Expenses	$55,177	N/A	N/A
Net Income	$2,099,018	N/A	N/A

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY P O'BRIEN	Chairman	1.00	Director	$0	$0	$0
DEBORAH MORAN-PETERSON	Secretary	1.00	Director	$0	$0	$0
EVELYN RAFALKO-MCNULTY	Treasurer	1.00	Director	$0	$0	$0
CHRISTINE A GILROY	CFO/VP	2.00	Officer	$0	$0	$0
ALEX J HAZZOURI	President & CEO	1.00	Officer	$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	$2,154,195	$55,177	$9,569,670	$2,099,018

FRIENDSHIP HOUSE 1873