FAMILY SERVICE ORGANIZATION OF WOR… - 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

1903

Legal Domicile

Principal Officer

JAMES REGAN

Phone

5087564646

Tax Period

2018-07-01 to 2019-06-30

FAMILY SERVICE ORGANIZATION OF WORCESTER INC, founded in 1903, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE COUNSELING, HOMEMAKER SERVICES, CHILD CARE WORKER TRAINING AND EDUCATION, EMPLOYEE ASSISTANCE PROGRAMS, MEDIATION SERVICES, AND COMPANION/VOLUNTEER SERVICES TO INDIVIDUALS, FAMILIES AND SENIOR CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $1,006,271 Revenue: $957,050

HOMEMAKING - THE PROGRAM PROVIDES HOMEMAKERS AND PERSONAL CARE SERVICES TO PATIENTS AND CLIENTS WHO NEED ASSISTANCE IN ORDER TO REMAIN AT HOME. THE PROGRAM ALSO PROVIDES HOME CARE SERVICES TO ELDERS AND INDIVIDUALS WITH SPECIAL NEEDS. THESE SERVICES MAY ALSO INCLUDE CASE MANAGEMENT AND CONSULTATION TO FAMILIES ABOUT ELDERS' SPECIAL NEEDS.

Program 2

Expenses: $359,959 Revenue: $341,992

CLINICAL - THE PROGRAM PROVIDES COUNSELING TO INDIVIDUALS, COUPLES, AND FAMILIES COPING WITH A WIDE RANGE OF CONCERNS INCLUDING DIVORCE, PARENTING, AND ELDER MENTAL HEALTH. ADDITIONAL PROGRAMMING...

CLINICAL - THE PROGRAM PROVIDES COUNSELING TO INDIVIDUALS, COUPLES, AND FAMILIES COPING WITH A WIDE RANGE OF CONCERNS INCLUDING DIVORCE, PARENTING, AND ELDER MENTAL HEALTH. ADDITIONAL PROGRAMMING INCLUDES THE EMPLOYEE ASSISTANCE PROGRAM, OFFERING PROBLEM-SOLVING SERVICES AND RESOURCES TO EMPLOYERS AND EMPLOYEES OF LOCAL COMPANIES. THE SERVICES OFFERED THROUGH EAP INCLUDE INFORMATION SHARING AND CONSULTATION; SHORT-TERM, SOLUTION-FOCUSED COUNSELING; REFERRALS; MANAGEMENT TRAINING; AND WELLNESS SEMINARS.

Program 3

Expenses: $781,529 Revenue: $822,027

CENTER FOR CHILDCARE CAREERS - THE PROGRAM PROVIDES EARLY CHILDHOOD TRAINING FOR FAMILY CHILDCARE PROVIDERS AND CENTER-BASED CHILDCARE PROGRAMS THROUGH COLLEGE CLASSES, CONTINUING EDUCATION COURSES...

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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 (2018)

Revenue Breakdown

Contributions & Grants $314,106

Program Service Revenue $2,670,421

Investment Income $7,727

Other Revenue $0

TOTAL REVENUE $2,992,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,075,034

Fundraising Expenses $6,900

Program Expenses $2,657,384

Other Expenses $1,180,142

TOTAL EXPENSES $3,255,176

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,992,254	$2,769,517	+0.1%
Expenses	$3,255,176	$3,096,267	+0.1%
Net Income	$-262,922	$-326,750	-0.2%

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

113

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

$108,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH MORANG	TREASURER	1.00	Director	$0	$0	$0
ERNEST DUBE	CHAIR	1.00	Director	$0	$0	$0
SHERRI PITCHER	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY RAKIC	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STOWE	DIRECTOR	1.00	Director	$0	$0	$0
DEAN THEODORE	VICE CHAIR	1.00	Director	$0	$0	$0
KATHLEEN JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY MALONEY	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE MAAS	DIRECTOR	1.00	Director	$0	$0	$0
DR CAROL DONNELLY	SECRETARY	1.00	Director	$0	$0	$0
ROBERT CARNEGIE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SHAUGHNESSY	DIRECTOR	1.00	Director	$0	$0	$0
ELISABETA GEGA BLANEY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN HAVERLY	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
KARLA SANTIAGO-RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES REGAN	EXECUTIVE DIRECTOR	37.50	Officer	$108,979	$0	$108,979

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
2019	$2,992,254	$3,255,176	$703,654	$-262,922
2018	$2,769,517	$3,096,267	$873,308	$-326,750

FAMILY SERVICE ORGANIZATION OF WORCESTER INC