CONNECTING FOR CHILDREN AND FAMILIES INC (EIN 050475365) - 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

1995

Legal Domicile

Principal Officer

ERIN SPAULDING

Phone

4017663384

Tax Period

2024-01-01 to 2024-12-31

CONNECTING FOR CHILDREN AND FAMILIES INC, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $4.4M in total revenue in fiscal year 2024.

Mission

THE MISSION OF CONNECTING FOR CHILDREN AND FAMILIES IS TO SERVE WOONSOCKET AND NORTHERN RI BY PROVIDING FAMILY-CENTERED PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT EMPOWER CHILDREN, FAMILIES AND INDIVIDUALS TO THRIVE AND SUCCEED.

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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 $4,239,575

Program Service Revenue $82,490

Investment Income $13,178

Other Revenue $79,728

TOTAL REVENUE $4,414,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,620,540

Fundraising Expenses $76,113

Program Expenses $3,805,032

Other Expenses $1,725,715

TOTAL EXPENSES $4,346,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,414,971	$4,159,022	+0.1%
Expenses	$4,346,255	$4,367,737	0.0%
Net Income	$68,716	$-208,715	-1.3%

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

$213,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA CARCIFERO	PRESIDENT	0.50	Officer Director	$0	$0	$0
ERICKA MOORE	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
CYNTHIA KELLY	TREASURER	0.50	Officer Director	$0	$0	$0
MEKA HAMILTON GENDRON	SECRETARY	0.50	Officer Director	$0	$0	$0
KWANG BAEK	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICK BURNS	BOARD MEMBER	0.50	Director	$0	$0	$0
LIZ CALO	BOARD MEMBER (AS OF 9/17/24)	0.50	Director	$0	$0	$0
CATHY CARVALHO	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN CHIAPPENELLI	BOARD MEMBER (THRU 9/17/24)	0.50	Director	$0	$0	$0
ALEX COCOLLA	BOARD MEMBER (AS OF 9/17/24)	0.50	Director	$0	$0	$0
KRISTIN DESOUSA	BOARD MEMBER (AS OF 9/17/24)	0.50	Director	$0	$0	$0
NANCY GIAMBUSSO	BOARD MEMBER	0.50	Director	$0	$0	$0
SHARON HARMON	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN HAZEBROUCK	BOARD MEMBER	0.50	Director	$0	$0	$0
IDA ISATOU JAGNE	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIANNA JENNINGS	BOARD MEMBER (AS OF 9/17/24)	0.50	Director	$0	$0	$0
KATHY OROVITZ	BOARD MEMBER	0.50	Director	$0	$0	$0
STACEY PHOMMATHETH	BOARD MEMBER	0.50	Director	$0	$0	$0
RANDI SKODRAS	BOARD MEMBER	0.50	Director	$0	$0	$0
SHAWNEE TAVARES	BOARD MEMBER (THRU 9/17/24)	0.50	Director	$0	$0	$0
ERIN SPAULDING	EXECUTIVE DIRECTOR	40.00	Officer	$139,513	$12,487	$152,000
DANIEL QUINN	CHIEF FINANCIAL OFFICER	20.00	Officer	$61,123	$0	$61,123

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	$4,414,971	$4,346,255	$2,116,847	$68,716
2023	$4,159,022	$4,367,737	$2,100,159	$-208,715
2022	$4,736,899	$4,282,432	$2,294,603	$454,467
2021	$4,351,217	$3,883,628	$1,914,929	$467,589
2020	$3,791,320	$3,420,299	$1,375,235	$371,021
2019	$3,738,927	$3,759,115	$1,405,203	$-20,188
2018	$3,441,711	$3,525,209	$1,258,811	$-83,498

CONNECTING FOR CHILDREN AND FAMILIES INC