FAMILY HEALTH INITIATIVES INC (EIN 134205636) - 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

HELEN HANNIGAN

Phone

8566656000

Tax Period

2023-01-01 to 2023-12-31

FAMILY HEALTH INITIATIVES INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.6M left a modest 9% surplus.

Mission

TO PROVIDE MANAGEMENT SUPPORT AND CONSULTATION SERVICES TO HELP THE MATERNAL CHILD HEALTH CONSORTIUM AND OTHER COMMUNITY BASED ORGANIZATIONS STREAMLINE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,762,210

Program Service Revenue $108,814

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,871,024

Expense Breakdown

Grants Paid $244,000

Salaries & Benefits $953,099

Fundraising Expenses $0

Program Expenses $2,520,692

Other Expenses $1,405,391

TOTAL EXPENSES $2,602,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,871,024	$2,734,907	+0.0%
Expenses	$2,602,490	$3,128,266	-0.2%
Net Income	$268,534	$-393,359	-1.7%

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

N/A

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

$261,916

Total Directors

$261,916

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN HANNIGAN	PRESIDENT/CE	1.00	Officer Director	$0	$37,467	$261,916
DAWN GOFFREDO LEFT 2023	TRUSTEE	1.00	Director	$0	$0	$0
JODINA HICKS JOINED 92023	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW D'ORIA	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER HOWARD	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID KNOWLTON	TRUSTEE	1.00	Director	$0	$0	$0
RONALD LIBRIZZI	PAST-CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL LOMBARDO	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN MCEVOY SHIELDS	CHAIR	1.00	Officer Director	$0	$0	$0
MARIEKARL VILCEUS-TALTY	TRUSTEE	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	No data	No data	No data	No data
2023	$2,871,024	$2,602,490	$908,175	$268,534
2022	$2,734,907	$3,128,266	$847,927	$-393,359
2021	$3,659,074	$3,733,670	$1,556,413	$-74,596
2020	$2,206,271	$2,377,604	$727,993	$-171,333
2019	$3,135,145	$2,984,729	$906,952	$150,416
2018	$3,369,848	$3,301,672	$883,727	$68,176

FAMILY HEALTH INITIATIVES INC