FAMILY SERVICE ASSOCIATION (EIN 210635041) - 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

1993

Legal Domicile

Principal Officer

CINDY HERDMAN-IVINS

Phone

6095690239

Tax Period

2017-07-01 to 2018-06-30

FAMILY SERVICE ASSOCIATION, founded in 1993, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2017. Expenses of $6.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES IN OUR COMMUNITY. SEE SCHEDULE O FOR THE ORGANIZATION'S SIGNIFICANT ACTIVITIES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $3,893,595

Program Service Revenue $1,785,331

Investment Income $17,609

Other Revenue $39,087

TOTAL REVENUE $5,735,622

Expense Breakdown

Grants Paid $434,101

Salaries & Benefits $3,440,633

Fundraising Expenses $0

Program Expenses $5,351,978

Other Expenses $2,637,151

TOTAL EXPENSES $6,511,885

Year-over-Year Comparison

	2017	2016	Change
Revenue	$5,735,622	$5,983,986	0.0%
Expenses	$6,511,885	$6,500,042	+0.0%
Net Income	$-776,263	$-516,056	+0.5%

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

153

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

$333,892

Total Directors

$151,296

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVELYNN CATERSON ESQ	TRUSTEE	2.00	Director	$0	$0	$0
MARILYN DOLCY	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT FATZINGER	TRUSTEE	2.00	Director	$0	$0	$0
DR ROBERT HILL MD	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN JACKSON	TRUSTEE	2.00	Director	$0	$0	$0
DR RICHARD LOLLA	TRUSTEE	2.00	Director	$0	$0	$0
CHERYL SCHWARTZ	TRUSTEE	2.00	Director	$0	$0	$0
THERESA WATTS ESQ	TRUSTEE	2.00	Director	$0	$0	$0
DIANNA R WILLIAMS-FAUNTLEROY	TRUSTEE	2.00	Director	$0	$0	$0
ANDREA WORRALL	TRUSTEE	2.00	Director	$0	$0	$0
KATHY MULLINS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
REV LOUIS STRUGALA JR	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
LARRY STROUD	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CINDY HERDMAN-IVINS	PRESIDENT & CEO	30.00	Officer Director	$119,596	$31,700	$151,296
MARION MCLAURIN	CAO	28.00	Officer	$80,068	$10,402	$90,470
GEORGE BOOSKOS	CONTROLLER	30.00	Officer	$81,676	$10,450	$92,126

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
2018	$5,735,622	$6,511,885	$1,341,896	$-776,263

FAMILY SERVICE ASSOCIATION