FAMILY RESOURCE NETWORK INC (EIN 134205042) - 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

2002

Legal Domicile

Principal Officer

LIZA GUNDELL

Phone

6093924900

Tax Period

2024-01-01 to 2024-12-31

FAMILY RESOURCE NETWORK INC, founded in 2002, is a community nonprofit in the Human Services sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

THE FAMILY RESOURCE NETWORK (FRN) IS A STATEWIDE ORGANIZATION DEDICATED TO ENSURING THAT NO ONE

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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 $3,447,295

Program Service Revenue $2,536,754

Investment Income $74,092

Other Revenue $1,315,612

TOTAL REVENUE $7,373,753

Expense Breakdown

Grants Paid $3,062,945

Salaries & Benefits $3,140,860

Fundraising Expenses $357,429

Program Expenses $5,414,120

Other Expenses $979,303

TOTAL EXPENSES $7,183,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,373,753	$4,932,473	+0.5%
Expenses	$7,183,108	$5,472,595	+0.3%
Net Income	$190,645	$-540,122	-1.4%

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

189

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

$181,062

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN JOSEPHSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PETER T DONNELLY ESQ	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH E DAU	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SEBASTIAN BORRIELLO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN M SEBASTIANO	TREASURER	1.00	Officer Director	$0	$0	$0
KEITH BEHRENS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL ALAN CHAPMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN DALTON	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN JONES	TRUSTEE	1.00	Director	$0	$0	$0
VISHAL KAPOOR	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN MAYURNIK	TRUSTEE	1.00	Director	$0	$0	$0
LIZA GUNDELL	CHIEF EXECUTIVE OFFICER	33.00	Officer	$166,313	$14,749	$181,062
MARK VANDERO	SVP FINANCE & IT	45.00	Highest	$114,344	$6,705	$121,049
KERRIE HANNEN WEBSTER	SVP PROGRAMS & SERVICES	45.00	Highest	$101,037	$3,169	$104,206

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	$7,373,753	$7,183,108	$3,927,252	$190,645
2023	$4,932,473	$5,472,595	$4,095,732	$-540,122
2022	$4,917,814	$5,123,935	$4,436,932	$-206,121
2021	$5,901,883	$4,869,874	$3,553,178	$1,032,009
2020	$4,028,759	$4,441,810	$4,331,168	$-413,051
2019	$4,089,163	$5,056,830	$3,482,337	$-967,667
2018	$3,543,288	$4,201,258	$3,723,521	$-657,970

FAMILY RESOURCE NETWORK INC