Family Resource Associates Inc (EIN 222285850) - 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

1979

Legal Domicile

Principal Officer

John Feeney

Phone

7327475310

Tax Period

2024-07-01 to 2025-06-30

Family Resource Associates Inc, founded in 1979, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024.

Mission

Family Resource Associates' (FRA) mission is helping children, adolescents and people of all ages with disabilities to reach their fullest potential, connecting them to independence through therapies and advanced technologies. FRA remains committed to families & siblings.

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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 $1,723,317

Program Service Revenue $1,360,662

Investment Income $63,626

Other Revenue $93,332

TOTAL REVENUE $3,240,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,762,551

Fundraising Expenses $31,292

Program Expenses $3,057,377

Other Expenses $549,239

TOTAL EXPENSES $3,311,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,240,937	$3,170,143	+0.0%
Expenses	$3,311,790	$3,091,893	+0.1%
Net Income	$-70,853	$78,250	-1.9%

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

101

Volunteers

130

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Phalanukorn	Executive director	40.00		$95,412	$0	$95,412
John Feeney	Treasurer	2.00	Officer Director	$0	$0	$0
Michael Bell	President	2.00	Officer Director	$0	$0	$0
Nicole Berzinskis	Trustee	2.00	Director	$0	$0	$0
Tom DiClemente	Secretary	2.00	Officer Director	$0	$0	$0
Beth Sarfaty	Trustee	2.00	Director	$0	$0	$0
William Specht	Trustee	2.00	Director	$0	$0	$0
Danielle Gaibor	Vice President	2.00	Officer Director	$0	$0	$0
Judy Fuller	Trustee	2.00	Director	$0	$0	$0
William Sheeser	Past President	2.00	Director	$0	$0	$0
Christopher Curcia	Past President	2.00	Director	$0	$0	$0
Juliet Gossett	Trustee	2.00	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
2025	$3,240,937	$3,311,790	$3,731,388	$-70,853
2024	$3,170,143	$3,091,893	$3,818,332	$78,250
2023	$2,894,782	$2,644,899	$3,782,060	$249,883
2022	$2,898,148	$2,278,396	$3,428,643	$619,752
2021	$2,595,097	$2,000,742	$4,321,638	$594,355
2020	$2,965,605	$2,575,259	$4,279,663	$390,346
2019	$3,155,339	$2,647,077	$3,509,467	$508,262
2018	$2,982,179	$2,053,469	$3,201,385	$928,710

Family Resource Associates Inc