FAMILY SERVICES INC (EIN 141338399) - 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

1921

Legal Domicile

Principal Officer

BRIAN DOYLE

Phone

8454521110

Tax Period

2023-01-01 to 2023-12-31

FAMILY SERVICES INC, founded in 1921, is a mid-sized nonprofit that reported $24.8M in total revenue in fiscal year 2023. Expenses of $21.5M left a modest 13% surplus.

Mission

FAMILY SERVICES, INC. ("FAMILY SERVICES") IS A WELL-RESPECTED HUMAN SERVICE AGENCY WITH A PROVEN TRACK RECORD OF SERVING THE CITIZENS OF THE HUDSON VALLEY FOR OVER 140 YEARS. FAMILY SERVICES HAS SOUGHT TO MEET THE CHANGING NEEDS OF INDIVIDUALS AND FAMILIES IN THE COMMUNITY. FAMILY SERVICES BRINGS PEOPLE TOGETHER TO FIND THE SUPPORT THEY NEED, IMPROVING THEIR LIVES AND COMMUNITIES, AND BUILDING A STRONGER, SAFER HUDSON VALLEY, WITH THE CLEAR UNDERSTANDING THAT THE WELL-BEING OF FAMILIES IS THE FOUNDATION OF THE COMMUNITY'S WELL-BEING AND THE WELL-BEING OF THE INDIVIDUAL AND THE HEALTHY, WHOLE FAMILY, IS FAR GREATER THAN THE SUM OF ITS PARTS. FAMILY SERVICES EXISTS TO SUPPORT EVERYONE'S RIGHT TO THRIVE.

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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 $14,839,405

Program Service Revenue $9,495,989

Investment Income $266,120

Other Revenue $197,479

TOTAL REVENUE $24,798,993

Expense Breakdown

Grants Paid $65,176

Salaries & Benefits $15,414,704

Fundraising Expenses $271,797

Program Expenses $18,136,420

Other Expenses $6,001,761

TOTAL EXPENSES $21,520,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,798,993	$25,586,003	0.0%
Expenses	$21,520,184	$21,168,378	+0.0%
Net Income	$3,278,809	$4,417,625	-0.3%

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

323

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

$437,029

Total Directors

Key Employees

$399,792

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PING	CHAIR	1.50	Officer Director	$0	$0	$0
FREDDIMIR GARCIA	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
SANDRA LUDLUM	1ST VICE CHAIR	1.50	Officer Director	$0	$0	$0
JONATHAN CILLEY	2ND VICE CHAIR	1.50	Officer Director	$0	$0	$0
JAMIE VANDODICK	SECRETARY	1.50	Officer Director	$0	$0	$0
DR MARISA MOORE	TREASURER	1.50	Officer Director	$0	$0	$0
TERESA ARZUAGA	DIRECTOR	1.00	Director	$0	$0	$0
JORDON BELL	DIRECTOR	1.00	Director	$0	$0	$0
STACEY BOTTOMS	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET CALISTA	DIRECTOR	1.00	Director	$0	$0	$0
JANNERA CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
MARIA DEWALD	DIRECTOR	1.00	Director	$0	$0	$0
LORI DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
JEFF FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
DENISE GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HAERING	DIRECTOR	1.00	Director	$0	$0	$0
TODD HIXSON	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL LAGANARO	DIRECTOR	1.00	Director	$0	$0	$0
PETER LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
PETER LUMB	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE NUSSBICKEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL QUINN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD TATELBAUM	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY WYCKOFF	DIRECTOR	1.00	Director	$0	$0	$0
LEAH FELDMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$199,044	$49,940	$248,984
NATALIE BORQUIST	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$168,167	$19,878	$188,045
YUGANDHAR MUNNANGI	MEDICAL DIRECTOR, MD	40.00	Key Emp	$326,529	$73,263	$399,792
TEASIA R NEGRON	NURSE PRACTITIONER	40.00	Highest	$139,163	$19,146	$158,309
CHRISTINE SLOCUM	NURSE PRACTITIONER	40.00	Highest	$170,391	$53,435	$223,826
ELNORE CUSHNIE	NURSE PRACTITIONER	40.00	Highest	$167,196	$3,314	$170,510
TOVA CARAM	NURSE PRACTITIONER	37.00	Highest	$150,419	$28,791	$179,210
SARAH KENT	NURSE PRACTITIONER	35.00	Highest	$149,749	$3,047	$152,796

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	$24,798,993	$21,520,184	$21,326,149	$3,278,809
2022	$25,586,003	$21,168,378	$17,654,770	$4,417,625
2021	$22,651,312	$18,699,861	$11,302,603	$3,951,451
2020	$18,320,086	$17,882,136	$9,244,787	$437,950
2019	$14,628,255	$14,914,298	$8,615,398	$-286,043
2018	$8,276,027	$7,680,875	$6,920,793	$595,152

FAMILY SERVICES INC