FAMCARE 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

1987

Legal Domicile

Principal Officer

BRIDGET BOHANNON

Phone

8568819531

Tax Period

2023-01-01 to 2023-12-31

FAMCARE INC, founded in 1987, is a community nonprofit in the Health Care sector that reported $2.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ACCESSIBLE, HIGH QUALITY REPRODUCTIVE AND COMPLIMENTARY HEALTHCARE AND EDUCATIONAL SERVICES IN A CONFIDENTIAL ENVIRONMENT TO ALL PEOPLE, WITHOUT REGARD TO THEIR PERSONAL CHARACTERISTICS OR GENDER IDENTITY IN CUMBERLAND, GLOUCESTER AND SALEM COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $1,876,367 Revenue: $352,659

FAMCARE, INC. PROVIDES AFFORDABLE REPRODUCTIVE HEALTH CARE SERVICES TO RESIDENTS OF CUMBERLAND, GLOUCESTER, AND SALEM COUNTIES. SPECIAL ATTENTION IS GIVEN TO TEENS AND LOW INCOME FAMILIES. PATIENTS...

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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 $1,812,545

Program Service Revenue $352,659

Investment Income $67

Other Revenue $6,518

TOTAL REVENUE $2,171,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,539,156

Fundraising Expenses $0

Program Expenses $1,876,367

Other Expenses $621,624

TOTAL EXPENSES $2,160,780

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,171,789	$2,121,442	+0.0%
Expenses	$2,160,780	$2,077,963	+0.0%
Net Income	$11,009	$43,479	-0.7%

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

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

$167,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN GIBSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEVE RESKA	CO-CHAIR	1.00	Officer Director	$0	$0	$0
NIAMAH KING	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBORAH BOYKIN-GREENBURG	TREASURER	1.00	Officer Director	$0	$0	$0
JAKE JONES	MEMBER	1.00	Director	$0	$0	$0
LUIS VALENTIN	MEMBER	1.00	Director	$0	$0	$0
MERLE WEITZ	MEMBER	1.00	Director	$0	$0	$0
CHERIE LIPSCOMB	CONTROLLER/INTERIM CEO	40.00	Officer	$156,976	$10,421	$167,397
TONI PRIMAS	DIRECTOR OF HEALTH/INTERIM SR MGMT TEAM	40.00	Highest	$117,400	$9,599	$126,999
PAULA GORDY	DIRECTOR OF EDUCATION/INTERIM SR MANAGEMENT TEAM	40.00	Highest	$108,730	$6,707	$115,437

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	$2,171,789	$2,160,780	$1,569,268	$11,009
2022	$2,121,442	$2,077,963	$1,231,420	$43,479
2021	$2,005,315	$1,905,220	$872,204	$100,095
2020	$2,036,271	$1,891,012	$661,863	$145,259
2019	$1,923,238	$1,831,366	$518,088	$91,872
2018	$2,102,654	$2,008,289	$527,020	$94,365