FAMILY SERVICE ASSOCIATION OF GREATER FALL RIVER INC (EIN 042104058) - 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

1888

Legal Domicile

Principal Officer

SHARON E FORD

Phone

5086773822

Tax Period

2024-07-01 to 2025-06-30

FAMILY SERVICE ASSOCIATION OF GREATER FALL RIVER INC, founded in 1888, is a mid-sized nonprofit that reported $26.5M in total revenue in fiscal year 2024. Expenses of $25.5M left a modest 4% surplus.

Mission

WE ARE COMMITTED TO PROVIDING A WIDE ARRAY OF HIGH QUALITY PROGRAMS AND SERVICES DESIGNED TO STRENGTHEN AND SUPPORT INDIVIDUALS AND FAMILIES AND TO ADDRESS THE SOCIAL SERVICE NEEDS OF OUR VERY DIVERSE AND CHANGING COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,234,192

Program Service Revenue $24,552,896

Investment Income $442,534

Other Revenue $277,552

TOTAL REVENUE $26,507,174

Expense Breakdown

Grants Paid $3,355,055

Salaries & Benefits $17,518,858

Fundraising Expenses $0

Program Expenses $22,831,162

Other Expenses $4,660,447

TOTAL EXPENSES $25,534,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,507,174	$25,907,807	+0.0%
Expenses	$25,534,360	$25,097,812	+0.0%
Net Income	$972,814	$809,995	+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

405

Volunteers

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

$690,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO-ANN PELLETIER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA L PANAGGIO	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL MEDEIROS	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER REGO	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA TENTE	DIRECTOR	1.00	Director	$0	$0	$0
MARITA DURKIN GRAY	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH CHAREST	CLERK	1.00	Officer Director	$0	$0	$0
CARMEN AGUILAR	DIRECTOR	1.00	Director	$0	$0	$0
ED MISIOLEK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NANCY RESENDE	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
RUI ROSA	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK J ROCCO	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MORAM	DIRECTOR	1.00	Director	$0	$0	$0
WENDY WENTWORTH-BOYD	DIRECTOR	1.00	Director	$0	$0	$0
SHARON E FORD	CHIEF EXECUTIVE OFFICER	35.00	Officer	$176,298	$25,576	$201,874
CAROL A NAGLE	CHIEF ADMINISTRATION OFFICER	35.00	Officer	$81,712	$3,677	$85,389
DEBORAH IGNAGNI	CHIEF FINANCIAL OFFICER	35.00	Officer	$121,125	$30,150	$151,275
DEREK FOULDS	VP OF COMMUNITY SUPPORTS	35.00	Officer	$105,019	$19,127	$124,146
JENNY DUVAL	VP OF COMMUNITY SUPPORTS	35.00	Officer	$99,120	$28,988	$128,108
SHARON E LAFLEUR	DIRECTOR OF CHILDREN'S BEHAVIORAL HEALTH SERVICES	35.00	Highest	$135,369	$20,500	$155,869

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	$26,507,174	$25,534,360	$33,752,129	$972,814
2024	$25,907,807	$25,097,812	$33,740,869	$809,995
2023	$24,307,157	$23,400,863	$30,566,476	$906,294
2022	$24,245,678	$24,217,085	$26,917,967	$28,593
2021	$20,876,464	$22,019,373	$29,353,620	$-1,142,909
2020	$22,411,938	$20,681,732	$30,447,641	$1,730,206
2019	$21,206,791	$20,878,267	$27,086,622	$328,524
2018	$22,088,319	$20,653,801	$26,588,163	$1,434,518

FAMILY SERVICE ASSOCIATION OF GREATER FALL RIVER INC