SPECTRUM CHILD & FAMILY SERVICES (EIN 260801554) - 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

2007

Legal Domicile

Principal Officer

JOSH SWANINGER

Phone

7344588736

Tax Period

2023-10-01 to 2024-09-30

SPECTRUM CHILD & FAMILY SERVICES, founded in 2007, is a community nonprofit in the Human Services sector that reported $8.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $8.0M left a modest 7% surplus.

Mission

SPECTRUM CHILD AND FAMILY SERVICES (SCFS) CONCENTRATES ON CHILD WELFARE AND PROVIDES A WIDE ARRAY OF SERVICES TO CHILDREN, YOUTH AND FAMILIES LIVING IN GENESEE, LIVINGSTON, MACOMB, OAKLAND, WAYNE AND WASHTENAW COUNTIES. WE SERVE CHILDREN AND TEENS THAT ARE DELINQUENT, HAVE BEEN NEGLECTED/ABUSED OR ABANDONED; ARE MEDICALLY FRAGILE, MULTIPLE HANDICAPPED, DUALLY DIAGNOSED AND BEHAVIORALLY AND/OR EMOTIONALLY IMPAIRED.

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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 $3,095

Program Service Revenue $8,401,828

Investment Income $139,256

Other Revenue $0

TOTAL REVENUE $8,544,179

Expense Breakdown

Grants Paid $601,601

Salaries & Benefits $4,401,812

Fundraising Expenses $0

Program Expenses $7,401,749

Other Expenses $2,981,335

TOTAL EXPENSES $7,984,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,544,179	$7,219,556	+0.2%
Expenses	$7,984,748	$7,117,599	+0.1%
Net Income	$559,431	$101,957	+4.5%

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

147

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

$500,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CHERYL GIBSON FOUNTAIN	CHAIR	1.00	Officer Director	$0	$0	$0
BILL HOLT	TREASURER	1.00	Officer Director	$0	$0	$0
LENA BARKLEY	DIRECTOR AND SECRETARY	1.00	Officer Director	$0	$0	$0
JAKE GERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA SWANINGER	PRESIDENT & CEO	4.00	Officer	$57,650	$42,710	$359,653
STACIE BOWENS	EXECUTIVE DIRECTOR	40.00	Officer	$131,641	$9,244	$140,885

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	$8,544,179	$7,984,748	$6,801,123	$559,431
2023	$7,219,556	$7,117,599	$6,591,810	$101,957
2022	$5,374,132	$6,574,598	$3,793,490	$-1,200,466
2021	$7,574,267	$8,207,298	$6,112,912	$-633,031
2020	$7,022,932	$6,733,760	$5,780,838	$289,172
2019	$7,311,350	$6,978,174	$5,711,371	$333,176
2018	$8,921,270	$7,846,080	$5,641,852	$1,075,190

SPECTRUM CHILD & FAMILY SERVICES