GREATER IDEAL FAMILY LIFE CENTER (EIN 043743673) - 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

2003

Legal Domicile

Principal Officer

ROSALIND PERKINS

Phone

4326820838

Tax Period

2024-01-01 to 2024-12-31

GREATER IDEAL FAMILY LIFE CENTER, founded in 2003, is a small nonprofit in the Human Services sector that reported $260K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $390K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROVIDE A FACILITY FOR MIDLAND CITIZENS PRIMARILY ON THE SOUTH SIDE FOR QUALITY OF LIFE IMPROVEMENT AND TO PROVIDE EDUCATIONAL OPPORTUNITIES. CENTER HAS NO RESTRICTIONS AS TO RACE OR RELIGION AND DEMANDS PROPER DEPORTMENT WHILE USING THE PROGRAMS.

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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 $225,482

Program Service Revenue $34,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $259,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,753

Fundraising Expenses $0

Program Expenses $322,109

Other Expenses $235,513

TOTAL EXPENSES $390,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,790	$660,461	-0.6%
Expenses	$390,266	$397,571	0.0%
Net Income	$-130,476	$262,890	-1.5%

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

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

$95,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSALIND PERKINS	Executive Dir.	60.00	Officer	$95,000	$0	$95,000
GEORGE A BELL	President	6.00	Officer Director	$0	$0	$0
ROY E NELSON	Vice President	1.00	Officer Director	$0	$0	$0
VELMA JACKSON	Treasurer	20.00	Officer Director	$0	$0	$0
PAT BERKEBILE	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
2024	$259,790	$390,266	$316,322	$-130,476
2023	$660,461	$397,571	$456,375	$262,890
2022	$263,795	$364,830	$193,545	$-101,035
2021	$321,720	$354,491	$297,991	$-32,771
2020	$308,023	$276,234	$327,415	$31,789
2019	$407,600	$410,476	$294,671	$-2,876
2018	$506,990	$387,894	$298,327	$119,096

GREATER IDEAL FAMILY LIFE CENTER