CHILDREN IN PLACEMENT INC (EIN 061182114) - 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

1987

Legal Domicile

Principal Officer

JANET FREIMUTH

Phone

2037840344

Tax Period

2024-07-01 to 2025-06-30

CHILDREN IN PLACEMENT INC, founded in 1987, is a small nonprofit that reported $522K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE ORGANIZATION PROVIDES ADVOCACY, MONITORING, AND GUARDIAN AD LITEM SERVICES TO CHILDREN IN THE CONNECTICUT FOSTER CARE SYSTEM.

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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 $523,754

Program Service Revenue $0

Investment Income $173

Other Revenue $-1,925

TOTAL REVENUE $522,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,074

Fundraising Expenses $23,358

Program Expenses $445,593

Other Expenses $58,652

TOTAL EXPENSES $525,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$522,002	$610,298	-0.1%
Expenses	$525,726	$531,359	0.0%
Net Income	$-3,724	$78,939	-1.0%

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

123

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

$125,296

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD E ALTMAN	CHAIR	2.00	Officer Director	$0	$0	$0
FAYNE MASCARENHAS MS MBA	BOARD MEMBER	1.00	Director	$0	$0	$0
KAITLIN MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL LARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY GORKINN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROCHELLE HAKIM	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE VACCA	TREASURER	2.00	Officer Director	$0	$0	$0
BRETT DUNNE	SECRETARY	2.00	Officer Director	$0	$0	$0
VLADIMIR-DUCARMEL JOSEPH	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY DOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DA'JHON JETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET FREIMUTH	EXECUTIVE DIRECTOR	40.00	Officer	$123,958	$1,338	$125,296

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	$522,002	$525,726	$195,381	$-3,724
2024	$610,298	$531,359	$198,043	$78,939
2023	$520,751	$580,631	$132,567	$-59,880
2022	$528,345	$475,368	$180,343	$52,977
2021	$489,543	$432,633	$134,988	$56,910
2020	$442,855	$422,582	$155,710	$20,273
2019	$455,865	$464,059	$56,480	$-8,194

CHILDREN IN PLACEMENT INC