FAMILY NETWORK

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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

2008

Principal Officer

REED HOFFMAN

Phone

6168859919

Tax Period

2024-01-01 to 2024-12-31

FAMILY NETWORK, founded in 2008, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $248K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $276K exceeded revenue, resulting in a 12% operating deficit.

Mission

FAMILY NETWORK DESIRES TO SERVE THE GREATER WYOMING, MI AREA BY PROVIDING FOOD, RESOURCES AND SERVICES TO PEOPLE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $138,470 Revenue: $138,470

FAMILY NETWORK DESIRES TO SERVE THE GREATER WYOMING, MI AREA BY PROVIDING FOOD, RESOURCES AND SERVICES TO PEOPLE IN NEED.

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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 $73,500

Program Service Revenue $168,538

Investment Income $5,647

Other Revenue $0

TOTAL REVENUE $247,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,366

Fundraising Expenses $0

Program Expenses $138,470

Other Expenses $111,083

TOTAL EXPENSES $276,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,685	$175,853	+0.4%
Expenses	$276,449	$233,641	+0.2%
Net Income	$-28,764	$-57,788	-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

Volunteers

N/A

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
JOHN DEMAAR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JEANNINE HELFERICH	TREASURER	N/A	Officer Director	$0	$0	$0
REED HOFFMAN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
DUDLEY LARSON	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
JOHN SCHAFLEY	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
NATHAN SLAUER	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
CHRISTOPHER STEVENS	BOARD MEMBER	N/A	Officer 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
2024	$247,685	$276,449	$947,911	$-28,764
2023	$175,853	$233,641	$977,110	$-57,788
2022	$306,332	$191,942	$1,020,610	$114,390
2021	$282,621	$235,368	$906,114	$47,253
2020	$378,335	$272,069	$837,322	$106,266
2019	$245,977	$230,091	$731,113	$15,886
2018	$247,031	$237,848	$716,147	$9,183