THE FAMILY RESOURCE CENTER

EIN: 205089275 501(c)(3) Human Services

STERLING, CO

Total Revenue
$533,415
Total Expenses
$739,545
Total Assets
$1,041,041
Net Assets
$933,399
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CO
Principal Officer
DALE WISE
Phone
9705262439
Tax Period
2023-01-01 to 2023-12-31

THE FAMILY RESOURCE CENTER, founded in 2006, is a small nonprofit in the Human Services sector that reported $533K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $740K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE FAMILY RESOURCE CENTER IS DEDICATED TO ENCOURAGING THE DEVELOPMENT OF HEALTHY CHILDREN AND STRONG FAMILY UNITS BY PROVIDING SUPPORT SYSTEMS, PARENT EDUCATION, AND REFERRAL SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $530,228
Program Service Revenue $14,266
Investment Income $2,965
Other Revenue $-14,044
TOTAL REVENUE $533,415

Expense Breakdown

Grants Paid $15,140
Salaries & Benefits $347,059
Fundraising Expenses $1,750
Program Expenses $683,874
Other Expenses $377,346
TOTAL EXPENSES $739,545

Year-over-Year Comparison

2023 2022 Change
Revenue $533,415 $751,198 -0.3%
Expenses $739,545 $604,713 +0.2%
Net Income $-206,130 $146,485 -2.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
24
Volunteers
96

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALE WISE PRESIDENT/TR 1.00
Officer Director
$0 $0 $0
MIKE WHITE VICE PRESIDE 0.50
Officer Director
$0 $0 $0
ADYSON SANTOMASO SECRETARY 1.00
Officer Director
$0 $0 $0
TONIA LOCK DIRECTOR 0.50
Director
$0 $0 $0
JAMI BRECHT DIRECTOR 0.50
Director
$0 $0 $0
SAM ROBERTS DIRECTOR 0.50
Director
$0 $0 $0
SANDY RAY DIRECTOR 0.50
Director
$0 $0 $0
WADE TYRELL DIRECTOR 0.50
Director
$0 $0 $0
NICOLE SMITH DIRECTOR 0.50
Director
$0 $0 $0
JASON SANTOMASO DIRECTOR 0.50
Director
$0 $0 $0
KEVIN BLANKENSHIP DIRECTOR 0.50
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 $533,415 $739,545 $1,041,041 $-206,130
2022 $751,198 $604,713 $1,146,178 $146,485
2021 $795,638 $572,703 $1,027,143 $222,935
2020 $706,005 $488,042 $791,052 $217,963
2019 $452,061 $413,419 $564,439 $38,642
2018 $528,414 $423,931 $531,309 $104,483
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