FAMILIES THRIVE INC

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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

1975

Legal Domicile

Principal Officer

LAURI MCKNIGHT

Phone

5852325110

Tax Period

2024-04-01 to 2025-03-31

FAMILIES THRIVE INC, founded in 1975, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 8% surplus.

Mission

FAMILIES THRIVE, INC. IS DEDICATED TO FINDING LOVING ADOPTIVE FAMILIES FOR CHILDREN WAITING IN FOSTER CARE. ROUGHLY HALF A MILLION CHILDREN IN THE U.S. HAVE BEEN REMOVED FROM UNSAFE HOMES, AND OF THESE, 120,000 ARE FREE FOR ADOPTION. THE ORGANIZATIONS SEEKS TO FIND ADOPTIVE HOMES FOR AMERICA'S HARDEST TO PLACE CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $1,320,732 Revenue: $1,709,900

A FULL SERVICE FOSTER CARE ADOPTION AGENCY PLACING CHILDREN WAITING FOR A FOREVER FAMILY OR IN NEED OF A TEMPORARY FOSTER HOME. FAMILIES THRIVE, INC. EDUCATES, TRAINS AND RECRUITS PROSPECTIVE FOSTER AND ADOPTIVE PARENTS FOR CHILDREN IN THE FOSTER CARE SYSTEM. STATE REQUIRED FOSTER AND ADOPTIVE SERVICES ARE PROVIDED IN HOMES FOR YOUTH AND FAMILIES. CONTRACTING WITH NUMEROUS NYS COUNTIES FOR SERVICES, UNDER NYS OFFICE OF FAMILY AND CHILDREN SERVICES, THE ORGANIZATION PROVIDES A FEE FOR SERVICE PROGRAM FOR FOSTER YOUTH.THERAPEUTIC SUPPORT GROUPS AND TRAININGS SUCH AS MODEL APPROACH TO PARENTING PARTNERSHIPS (MAPPII/GPS) MAPP TRAINING GUIDES FAMILIES SEEKING FOSTERING AND ADOPTION TO ASSIST IN THE UNDERSTANDING OF THE EMOTIONAL, ATTACHMENT, BEHAVIOR AND LOSS ASSOCIATED WITH THE DEVELOPMENT OF BUILDING RELATIONSHIPS WITH CHILDREN IN FOSTER CARE ARE PROVIDED.FAMILIES THRIVE ALSO OFFERS A FULL PROCESS FOR ADOPTIVE FAMILIES THAT INCLUDE TRAINING, MATCHING/PLACEMENT PRACTICE, AND HOME MONITORING.

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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 $226,404

Program Service Revenue $1,706,581

Investment Income $23,229

Other Revenue $-5,934

TOTAL REVENUE $1,950,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $847,573

Fundraising Expenses $113,989

Program Expenses $1,320,732

Other Expenses $955,535

TOTAL EXPENSES $1,803,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,950,280	$1,056,082	+0.8%
Expenses	$1,803,108	$1,205,694	+0.5%
Net Income	$147,172	$-149,612	-2.0%

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

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

$93,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORISA D LAROCCA ESQ	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEATON ACKERMAN	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
RUSSELL OLSEN	BOARD MEMBER	0.50	Director	$0	$0	$0
VINCENT HARPER	TREASURER	1.00	Officer Director	$0	$0	$0
MARYJANE K LINK	CHAIRPERSON EMERITUS	1.00	Officer Director	$0	$0	$0
STEPHANIE A SCHIFANO MBA	CHAIRPERSON	0.50	Director	$0	$0	$0
NICOLE E BAYLY	BOARD MEMBER	0.50	Director	$0	$0	$0
CATHERINE WILSON	BOARD MEMBER	0.50	Director	$0	$0	$0
HON PATRICIA E GALLAGHER ESQ	BOARD MEMBER	0.50	Director	$0	$0	$0
JESSE LUCAS	BOARD MEMBER	0.50	Director	$0	$0	$0
AMANDA SANTACROCE	BOARD MEMBER	0.50	Director	$0	$0	$0
MEGAN KIST	BOARD MEMBER	0.50	Director	$0	$0	$0
TERESA STEWART	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSAN SCANLON	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURI MCKNIGHT	EXECUTIVE DIRECTOR	37.50	Officer	$93,374	$0	$93,374

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	$1,950,280	$1,803,108	$1,573,531	$147,172
2024	$1,056,082	$1,205,694	$1,300,021	$-149,612
2023	$777,921	$866,110	$1,414,109	$-88,189
2022	$1,693,083	$637,031	$1,376,491	$1,056,052
2021	$372,872	$560,249	$430,563	$-187,377
2020	$326,076	$522,104	$488,949	$-196,028
2019	$462,849	$603,333	$652,470	$-140,484