FAMILY TIES OF WESTCHESTER INC (EIN 260005881) - 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

2001

Legal Domicile

Principal Officer

KERRY WHELAN MEGLEY LMSW

Phone

9149955238

Tax Period

2024-01-01 to 2024-12-31

FAMILY TIES OF WESTCHESTER INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

WE BELIEVE THAT EVERYONE DESERVES THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL AND CONTRIBUTE TO THEIR COMMUNITY. FAMILY TIES PROMOTES THE WELL-BEING OF FAMILIES EFFECTED BY TRAUMA, BEHAVIORAL HEALTH NEEDS AND OTHER COMPLEX LIFE CHALLENGES THROUGH LIVED EXPERIENCE AND ON-THE-GROUND EXPERTISE. WE PARTNER WITH LOCAL COUNTY AND STATE GOVERNMENT, AND COMMUNITY PROVIDERS ACROSS WESTCHESTER COUNTY TO MAKE SURE THAT ALL FAMILIES HAVE THE FOUNDATION THEY NEED TO BUILD A HEALTHY, MEANINGFUL LIFE. WE BELIEVE THAT WITH ACCESS TO THE RIGHT RESOURCES AND SUPPORT, EVERY FAMILY IS ABLE TO THRIVE.

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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 $2,455,364

Program Service Revenue $0

Investment Income $10,736

Other Revenue $0

TOTAL REVENUE $2,466,100

Expense Breakdown

Grants Paid $58,470

Salaries & Benefits $1,902,790

Fundraising Expenses $143,077

Program Expenses $2,001,615

Other Expenses $582,653

TOTAL EXPENSES $2,543,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,466,100	$1,946,925	+0.3%
Expenses	$2,543,913	$1,983,467	+0.3%
Net Income	$-77,813	$-36,542	+1.1%

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

$240,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYRA ALFREDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL FELDMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RUBEN MEDINA	TREASURER	1.00	Officer Director	$0	$0	$0
ANN SPINDEL	SECRETARY	1.00	Officer Director	$0	$0	$0
RITA AMAYA-OATES LMSW	DIRECTOR, THRU 01/29/2024	1.00	Director	$0	$0	$0
GLORIA BASEM	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL BURTON DSW LCSW-R	DIRECTOR	1.00	Director	$0	$0	$0
WENDY L HUFFORD	DIRECTOR	1.00	Director	$0	$0	$0
LEE NEWELL	DIRECTOR	1.00	Director	$0	$0	$0
AYANA M WOODS MPH	DIRECTOR, THRU 01/29/2024	1.00	Director	$0	$0	$0
KERRY WHELAN MEGLEY LMSW	EXECUTIVE DIRECTOR	35.00	Officer	$119,894	$13,351	$133,245
LISA SHAW	DIRECTOR OF FINANCE	35.00	Officer	$105,531	$1,500	$107,031

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	$2,466,100	$2,543,913	$944,509	$-77,813
2023	$1,946,925	$1,983,467	$1,050,209	$-36,542
2022	$1,869,702	$1,845,572	$1,122,785	$24,130
2021	$1,827,725	$1,561,182	$882,345	$266,543
2020	$1,563,108	$1,541,306	$755,547	$21,802
2019	$1,691,036	$1,656,660	$434,325	$34,376
2018	$1,669,192	$1,649,828	$428,542	$19,364

FAMILY TIES OF WESTCHESTER INC